January 2020

Wisconsin Commercial Real Estate News Highlights 2019

Ashley Capital combs through the latest stories, and puts together the the top headlines / highlights for commercial real estate news in Wisconsin every quarter. The news updates include the latest real estate property developments, major leases, latest transactions, and other eye-catching stories in the industry.

Milwaukee Wisonsin Commercial Real Estate News - Ashley Capital

Wisconsin CRE News – Q4 2019

The Wisconsin commercial real estate news roundup for Q4 2019 includes: several major transaction deals across the state, Milwaukee’s competitive rental rates for technology companies, Foxconn’s amplified industrial presence, and much more.

Associated Bank Closes $53M Loan for Industrial Property in Wisconsin

Associated bank inked the major loan to Bluepoint 94 LLC for the construction of a 590,525-square-foot industrial building in Pleasant Prairie, WI. When the project is completed in Q3 2020, the facility will be occupied by Fresenius Kabi, a global healthcare company. Read More

Milwaukee Tool Approved for Construction of Industrial Office Building in Spring 2020

Menomonee Falls approved Milwaukee Tool’s plan for the construction of their first new industrial office building on a 65-acre plot of land that recently closed. Read More 

CBRE Sells Distribution Center in Wisconsin

CBRE recently closed the deal for a 494K-square-foot former Shopko regional distribution center located in De Pere, WI. Andy Lubinski and Justin Felix of CBRE Minneapolis represented KK Integrated Logistics and will be marketing the facility. Read More 

Starwood REIT Acquires Light Industrial Portfolio in the Midwest

Miami-based Starwood Real Estate Income Trust inked the deal for a 33-asset light industrial portfolio with properties in Chicago, Indianapolis, Columbus, and Milwaukee. The price for the total purchase is not disclosed. Read More 

Uline’s $130M Project in Kenosha Would Bring Jobs to the Area

Uline Inc is in the approval process for two more warehouse buildings in Kenosha, WI. Economic experts in the region believe that the approval and completion of the new industrial buildings would generate more than 1,000 jobs in the area. Read More

Inland Bank and Trust Seals $11M Loan for Kenosha Industrial Property

Inland Bank and Trust recently closed an $11 million loan in order to refinance a 121,949-square-foot industrial building in Kenosha, WI. When the loan closed, the CRE property was 100% occupied by an investment-grade tenant with around 6.5 years left on their lease. Read More

Welltower Makes $787M Deal for MOB Portfolio

Toledo, OH-based Welltower acquires a 29-property Class-A medical office building portfolio from Hammes Partners for $787 million. It follows a purchase made from Milwaukee-based Hammes for $391 million in 2018. Read More

Milwaukee Stands Out Among Midwest Peer Cities in Office Rates for Tech Companies

The average asking rental rate for tech company offices in Milwaukee is currently at $18.93 / square foot (Q2 2019). This is over 50% below the national average of $40 / square foot. Read More

Seefried Completes Shell Construction of 88K-Square-Foot Industrial Facility

Seefried Industrial Properties together with James Campbell Company LLC completed the shell of the new Franklin Business Center in Franklin, WI. The commercial real estate facility is over 88K square feet, and will be a warehouse distribution center. Read More 

Follow the Construction of Foxconn’s 1-Million-Square-Foot LCD Screen Fabrication Plant

Foxconn Technology Group is continuing to ramp up its presence and production in Mount Pleasant, Wisconsin with the development of new industrial real estate properties. Read More