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Wheat First Union grows into new offices

September 24, 1998

Wheat First Unionphoto: JOE CROCETTA / staff photographer




Wheat First Union held an open house and grand opening on Wednesday for its new building at 1145 Professional Court.

The firm consolidated its two downtown locations to one near Eastern Boulevard in June because it had outgrown its smaller offices at 33 W. Franklin St. and 6 W. Washington St., said Jim Holzapfel, managing director.

When the stock market closed at 4 p.m. on June 19 crews went into action, moving the firm's belongings and setting up communications and computer equipment at the new office in time to open the following Monday morning, Holzapfel said.

"If the stock market is open, we're open," Holzapfel said.

Wheat First is a full-service brokerage, offering financial planning, mutual funds, stocks, bonds and retirement plans, Holzapfel said.

The firm has 10,000 clients and 21 full- and part-time employees, he said.

Wheat First is leasing a 6,120-square-foot building from developer Richard McCleary on about an acre near FirstLook Photo.

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Last year McCleary said the one-story, brick building would cost $600,000.

Holzapfel said the firm has received compliments from clients impressed with the office's accessibility and available parking.

The building off Eastern Boulevard makes the firm easily accessible from downtown, the interstates, the North End and the East End, he said.

Holzapfel said company officials tried unsuccessfully for three years to find suitable space downtown.

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