|FOR IMMEDIATE RELEASE: January 24, 2005|
||Press Secretary Carlene Orig|
Mayor Barrett Statement on the Shops of Grand Avenue
"Northwestern Mutual has been instrumental in the development and recent turn-around of the Shops of Grand Avenue. Because of the company's investment, the Shops of Grand Avenue is a viable, self sustaining, attractive property," stated Mayor Tom Barrett. "The downtown has experienced tremendous growth. We have over 3,500 condominiums and apartments. The mall is 85% leased. All the pieces are in place for a new owner to invest in the success of Milwaukee's downtown."
"I thank Northwestern Mutual for its continued commitment to Milwaukee. As one of our city's largest employers and property owners, Northwestern Mutual continues to be a great corporate citizen."