Wisconsin

I|C Construction to Break Ground on 800-Unit Self-Storage Facility in Wisconsin

by Kristin Harlow July 19, 2019

PLEASANT PRAIRIE, WIS. — I|C Construction is set to break ground on an 800-unit, 127,156-square-foot self-storage facility in Pleasant Prairie. Bruno and Lori Hanney purchased the 5.4-acre site at 9001 Wilmot Road for the development of the project. Upon completion, Extra Space Storage Inc. will manage the property. The facility will offer drive-in access, climate-controlled units, surveillance cameras, access codes and LED lighting. In.studio Architecture designed the project, which is slated for completion in January 2020.

July 19, 2019

Leasing Activity Midwest Retail Wisconsin

Dave’s Guitar Shop Leases 5,209 SF in Milwaukee

by Kristin Harlow July 9, 2019

MILWAUKEE — Dave’s Guitar Shop LLC has signed a 5,209-square-foot retail lease in Milwaukee. The guitar store will occupy the space at 914 S. 5th St. Max Jacobson and Drew Speth of Mid-America Real Estate-Wisconsin LLC represented the tenant in the lease transaction. The landlord was not disclosed. Dave’s Guitar Shop first opened in La Crosse, Wis. in 1982.

July 9, 2019

Acquisitions Industrial Midwest Wisconsin

Dickman Negotiates Sale of 450,000 SF Industrial Building in Milwaukee

by Kristin Harlow July 5, 2019

MILWAUKEE — The Dickman Co. Inc./CORFAC International has negotiated the sale of a 450,000-square-foot industrial building in Milwaukee. The property is located at 4265 N. 30th St. Samuel D. Dickman and Samuel M. Dickman Jr. brokered the transaction. Century City Industrial DRS LLC purchased the building from DRS Naval Power Systems Inc. The seller, which is a subsidiary of defense contractor Leonardo DRS Inc., sold the asset for $3.5 million, according to the Milwaukee Journal Sentinel. Leonardo DRS plans to relocate from Milwaukee to Menomonee Falls.

July 5, 2019

Acquisitions Industrial Midwest Wisconsin

Colliers Brokers Sale of 71,931 SF Industrial Facility in Saukville, Wisconsin

by Kristin Harlow July 5, 2019

SAUKVILLE, WIS. — Colliers International has brokered the sale of a 71,931-square-foot industrial facility in Saukville, about 25 miles north of Milwaukee. The property is located at 300 Dekora Woods Road. Bill Langhoff and Tom Shepherd of Colliers brokered the sale. Dekora Woods 13 LLC purchased the asset for an undisclosed price.

July 5, 2019

Industrial Leasing Activity Midwest Wisconsin

Founders 3 Arranges 28,930 SF Flex Industrial Lease in Wisconsin

by Kristin Harlow July 2, 2019

NEW BERLIN, WIS. — Founders 3 Real Estate Services has arranged a 28,930-square-foot flex industrial lease in New Berlin. Brett Deter and Scott Revolinski of Founders 3 represented the landlord, LCM Funds 50 Tennis LLC. The tenant, GWI Ventures LLC, is a company founded to expand opportunities for youth and adult sports in Southeast Wisconsin. It intends to develop an indoor sport court facility for operating leagues and providing training space.

July 2, 2019

Acquisitions Industrial Midwest Wisconsin

Barry Co. Brokers $15M Sale-Leaseback of Harken Headquarters in Wisconsin

by Kristin Harlow June 24, 2019

PEWAUKEE, WIS. — The Barry Co. has brokered the $15 million sale-leaseback of Harken Inc.’s headquarters in Pewaukee. The 170,000-square-foot industrial building features 30,000 square feet of second-floor office space. The facility was constructed in 2012 as a build-to-suit for Harken, which is a manufacturer and marketer of marine hardware and accessories used in events such as America’s Cup and the Olympics. David Buckley of Barry brokered the transaction. HRKN LLC, a private real estate group not affiliated with Harken, purchased the property.

June 24, 2019

Acquisitions Industrial Midwest Wisconsin

Barry Co. Brokers Sale of 68,000 SF Industrial Facility in Lake Geneva, Wisconsin

by Kristin Harlow June 20, 2019

LAKE GENEVA, WIS. — The Barry Co. has brokered the sale of a 68,000-square-foot industrial facility located at 901 Maxwell St. in Lake Geneva for an undisclosed price. The property sits on 5.7 acres. Kevin Barry represented the seller, Everett Smith Group. The buyer, Lake Geneva Self Storage LLC, plans to convert the property into a self-storage facility.

June 20, 2019

Acquisitions Industrial Midwest Self-Storage Wisconsin

Marcus & Millichap Brokers $8.9M Sale of Self-Storage Portfolio in Sheboygan, Wisconsin

by Kristin Harlow June 19, 2019

SHEBOYGAN, WIS. — Marcus & Millichap has brokered the $8.9 million sale of Champion Self-Storage, a 999-unit self-storage portfolio in Sheboygan. The portfolio includes five facilities, three of which are located on Playbird Road. The unit mix is comprised of 65 climate-controlled units, 734 non-climate controlled units, 18 storage containers, six warehouse spaces and 176 parking spaces for boats and recreational vehicles. The portfolio accounts for nearly half of the available self-storage space in Sheboygan, according to Marcus & Millichap. Sean Delaney of Marcus & Millichap brokered the transaction. Buyer and seller information was not disclosed.

June 19, 2019

Development Industrial Midwest Wisconsin

Zilber to Develop 300,000 SF Spec Industrial Building in Janesville, Wisconsin

by Kristin Harlow June 19, 2019

JANESVILLE, WIS. — Zilber Property Group has unveiled plans to develop a 300,000-square-foot speculative industrial building in Janesville. Known as Zilber Industrial 1 at Janesville, the building will be situated on an 18-acre site at the corner of Beloit Avenue and Highway 11. The facility will feature a clear height of 32 feet, LED lighting, an ESFR sprinkler system, on-site trailer parking and expandable loading options. A timeline for completion was not disclosed.

June 19, 2019

Acquisitions Industrial Lee & Associates Midwest Wisconsin

Lee & Associates Negotiates Sale of 196,400 SF Spec Industrial Building in Pleasant Prairie, Wisconsin

by Kristin Harlow June 17, 2019

PLEASANT PRAIRIE, WIS. — Lee & Associates has negotiated the sale of a 196,400-square-foot, speculative industrial building within LakeView Corporate Park in Pleasant Prairie for an undisclosed price. The newly completed building features 20 exterior docks and four drive-in doors. Tom Boyle of Lee & Associates represented the buyer, Scannell Properties. John Sharpe of Lee & Associates represented the seller, Lakeview Industrial Development, which is a joint venture between Hunzinger Construction Co. and Wangard Partners. Sharpe and Boyle have been retained by the new owner to market the property for lease.

June 17, 2019

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