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CU System
CUNA Mutual working on land trade
MADISON, Wis. (3/13/08)--CUNA Mutual Group is working on a land trade with the University of Wisconsin-Madison Research Park near its Madison, Wis., headquarters. The trade is contingent on CUNA Mutual creating a master plan for 52 undeveloped acres that it will own after the deal is completed. As part of the deal, CUNA Mutual would give 20 out of 60 acres of undeveloped land to the research park (Wisconsin State Journal March 6). The research park in turn would give CUNA Mutual 12.5 acres. CUNA Mutual’s mixed-use development plan would include multi-family housing, apartments for older adults, office space and limited retail operations, Dan Larson, CUNA Mutual director real estate and commercial property, told the newspaper. “The research park land investment will be good for the community and our policyholders, as the development is phased in over the next several years,” Rick Uhlmann, CUNA Mutual senior manager of media relations, told News Now. “We look forward to working with the UW Research Park, the city of Madison and neighbors in creating a development that will benefit all. “CUNA Mutual has a number of commercial real estate investments around the country. This one just happens to be across the street from our headquarters’ front door,” he added.
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