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Catholic Financial Life Lists Downtown Building for Sale

08/12/2021

CFL Building

MILWAUKEE (Dec. 8, 2021) – Catholic Financial Life has listed its iconic downtown Milwaukee building for sale with real estate broker Berkadia.

Organizational leaders have conducted significant research and determined now is the right time to list the building, considering today’s robust real estate market and evolving office space needs.

“Catholic Financial Life has considered listing its building for several years,” said Catholic Financial Life President John Borgen. This building is an asset of our Society and as leaders, we have a fiduciary responsibility to provide trusted stewardship of our assets. A sale will only further strengthen our record surplus and capital position and provide additional agility for the organization.”

The organization recognizes the changing nature of its business and the benefits of workplace flexibility.

“Milwaukee has been our home for more than 125 years,” said Borgen. “It is our home and will continue to be our home. Should we sell the building, we will pursue office space in Milwaukee best suited to attract and retain associates to best serve our members.”

Catholic Financial Life leadership met with numerous real estate brokers before selecting Berkadia, as the two organizations share a future vision and passion for the building.

"We are honored to have been chosen by Catholic Financial Life to assist them in exploring options for their headquarters building and excited to introduce this iconic building to the market,” said Berkadia Managing Director Ralph DePasquale. “It is indeed a very unique asset and a tremendous opportunity given the building's current mixed-use nature, dynamic location and tremendous visibility on Milwaukee's skyline. We foresee a great deal of interest from a wide range of potential buyers."

For more information about Catholic Financial Life, visit catholicfinanciallife.org.

ABOUT CATHOLIC FINANCIAL LIFE

Through services including life insurance, retirement planning, education savings and more, Catholic Financial Life has been helping its members protect their financial lives for more than 150 years. With assets of $1.7 billion and members across the United States, Catholic Financial Life’s strength comes from being a different kind of financial community. As a member-owned organization, Catholic Financial Life’s longevity and success are a result of being a trusted financial partner. Kroll Bond Rating Agency (KBRA) recently affirmed the organization’s A- financial strength rating and upgraded it to a positive outlook. It has been recognized by the Milwaukee Journal Sentinel as a Top Workplace eight years in a row. For more information about Catholic Financial Life, visit www.catholicfinanciallife.org.

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