The Barry Company Represents Seller in Successful Transaction of Downtown Milwaukee Office Property
The Barry Company Represents Seller in Successful Transaction of Downtown Milwaukee Office Property
MILWAUKEE, March 2, 2026 – The Barry Company proudly announces the successful representation of the seller in the transaction of 815 N. Cass Street in Milwaukee. The property, located in the heart of the city’s vibrant East Town neighborhood, has officially closed, marking another strong result for our clients and the downtown market.
Situated just steps from the lakefront and Milwaukee’s premier dining, retail, and cultural destinations, 815 N. Cass Street is well-positioned within one of the city’s most desirable urban corridors. The property’s prime location, combined with its architectural character and accessibility, generated meaningful interest from qualified buyers.
“Our team is proud to have guided the seller through a smooth and strategic transaction,” said Nick Zurich, from The Barry Company, who represented the seller. “Demand for well-located downtown assets remains strong, and this sale reflects continued confidence in Milwaukee’s urban core.”
Steve Sewart from Colliers represented the buyer.
The transaction underscores sustained momentum in Milwaukee’s downtown real estate market, particularly for properties that offer walkability, proximity to employment centers, and access to lifestyle amenities.
About The Barry Company
The Barry Company, an over 100-year-old independently owned and operated commercial real estate company provides award-winning services throughout southeast Wisconsin and beyond. The Barry Company has won over 20 awards from the Commercial Association of Realtors-Wisconsin, including two Realtor® of the Year awards. The company has also received multiple Best Deal/Lease of the Year awards from The Business Journal
For more information, contact:
Nick Zurich
Q4 2025 Southeast Wisconsin Industrial and Office Quarterly Report
Q4 2025 Southeast Wisconsin Industrial and Office Quarterly Report
For more information, contact:
Jim Barry III
J.D., CCIM
Former Jelly Belly Facility Sold in Pleasant Prairie
Former Jelly Belly Facility Sold in Pleasant Prairie
PLEASANT PRAIRIE, January 26, 2026 – The Barry Company is pleased to announce the sale of Jelly Belly’s former warehouse and retail facility, totaling 248,098 square feet on 46.34 acres, located in Pleasant Prairie, Wisconsin. The iconic candy company, which rose to national prominence in the 1980s and famously became a favorite of President Ronald Reagan, who kept jars of jelly beans on his desk, closed its operations at the facility in 2020. The property was sold on January 16, 2026, to 9th and Main, LLC as an investment sale.
The facility is fully occupied by Rust-Oleum and SMT Packaging, providing stable in-place tenancy. These tenants were procured by The Barry Company after Jelly Belly moved operations out of the facility.
Strategically positioned in a high-growth corridor serving both the greater Chicago and greater Milwaukee markets, the property benefits from strong regional industrial demand, excellent transportation access, and a deep labor pool.
Kevin Barry and David Buckley of The Barry Company represented the seller in this transaction and served as sole brokers on the deal.
About The Barry Company
The Barry Company, an over 100-year-old independently owned and operated commercial real estate company provides award-winning services throughout southeast Wisconsin and beyond. The Barry Company has won over 20 awards from the Commercial Association of Realtors-Wisconsin, including two Realtor® of the Year awards. The company has also received multiple Best Deal/Lease of the Year awards from The Business Journal
For more information, contact:
David Buckley or Kevin Barry
Industrial Property Sold in Port Washington
Industrial Property Sold in Port Washington
PORT WASHINGTON, January 14, 2026 – The Barry Company is pleased to announce the sale of a 23,267 square foot industrial building with a separate 4,800 square foot outbuilding located in Port Washington, Wisconsin. The property was sold on January 9, 2026, to Gurtz Electric of Port Washington, LLC.
The property was previously bought in April 2024 by Dr. Ag Services Inc., and after strategic repositioning, was placed back on the market. The property increased in value by about 48% when sold again after 18 months, reflecting continued strength in the local industrial real estate market.
The sale highlights growing industrial activity in Port Washington and the broader Ozaukee County market, supported in part by the development of a new data center in the area, which has increased demand for industrial and service-oriented facilities. The transaction was represented by David Buckley of The Barry Company, with Mark Gorski of Summit Commercial Real Estate representing the buyer.
About The Barry Company
The Barry Company, an over 100-year-old independently owned and operated commercial real estate company provides award-winning services throughout southeast Wisconsin and beyond. The Barry Company has won over 20 awards from the Commercial Association of Realtors-Wisconsin, including two Realtor® of the Year awards. The company has also received multiple Best Deal/Lease of the Year awards from The Business Journal
For more information, contact:
David Buckley
Vice President
James T. Barry III Receives Judge Rudolph T. Randa Award
James T. Barry III Receives Judge Rudolph T. Randa Award
MILWAUKEE, December 15, 2025 – James T. Barry III has been awarded the Judge Rudolph T. Randa Award by the Milwaukee Lawyers Chapter of the Federalist Society for Law and Public Policy. The Rudolph T. Randa Award is conferred annually upon a recipient who exhibits “devoted service in upholding the rule of law, preserving the Constitution of the United States, and defending the proper role of the judiciary in our governmental system.” The award is named after deceased Judge Rudolph T. Randa, who served on the United States District Court for the Eastern District of Wisconsin for many years and served on the Board of Advisers of the Milwaukee Lawyers Chapter of the Federalist Society.
The award was presented to Mr. Barry at a luncheon held at the Milwaukee Club on December 10, 2025.
Mr. Barry is one of the founding members of the Milwaukee Lawyers Chapter of the Federalist Society and currently sits on the Federalist Society’s national Board of Visitors. He is the President of Barry Commercial Real Estate Services, Inc., a real estate brokerage and consulting firm headquartered in Milwaukee and also serves as Chairman of the Board of the Wisconsin Institute of Law & Liberty and Vice-Chairman of the Lynde & Harry Bradley Foundation.
About The Barry Company
The Barry Company, an over 100-year-old independently owned and operated commercial real estate company provides award-winning services throughout southeast Wisconsin and beyond. The Barry Company has won over 20 awards from the Commercial Association of Realtors-Wisconsin, including two Realtor® of the Year awards. The company has also received multiple Best Deal/Lease of the Year awards from The Business Journal
For more information, contact:
Jim Barry
President
Q3 2025 Southeast Wisconsin Industrial and Office Quarterly Report
Q3 2025 Southeast Wisconsin Industrial and Office Quarterly Report
For more information, contact:
Jim Barry III
J.D., CCIM
Historic Milwaukee Property Sold to Serve as New UWM Newman Center
Historic Milwaukee Property Sold to Serve as New UWM Newman Center
MILWAUKEE, October 28, 2025 – The Barry Company is pleased to announce the sale of a church property on Kenwood Boulevard to the Archdiocese of Milwaukee. The property is located near the University of Wisconsin-Milwaukee’s southeast entrance. The Archdiocese plans to convert the site into a new Newman Center serving UWM, with additional space dedicated to campus ministry and related initiatives.
The property had been occupied by the Chinese Christian Church, which will be relocating to a new location in Metro Milwaukee. The transaction reflects a growing trend of repurposing large institutional properties to serve evolving mission-focused uses. Kevin Barry and Jim Barry of the Barry Company acted as brokers on the transaction.
About The Barry Company
The Barry Company, an over 100-year-old independently owned and operated commercial real estate company provides award-winning services throughout southeast Wisconsin and beyond. The Barry Company has won over 20 awards from the Commercial Association of Realtors-Wisconsin, including two Realtor® of the Year awards. The company has also received multiple Best Deal/Lease of the Year awards from The Business Journal
For more information, contact:
Kevin Barry
Commercial Broker
Historic Lake Geneva Industrial Property Sold
Historic Lake Geneva Industrial Property Sold
LAKE GENEVA, October 7, 2025 – The Barry Company is pleased to announce the successful sale of a unique 14,918 square foot industrial property located just off Highway 12 in Lake Geneva. The facility sits on the historic site of the former Sheridan Springs Bottling Works, known for its natural spring.
The property was acquired by Stout Development Group. The site includes a detached 2,000-square-foot masonry garage and benefits from its location along a high-traffic corridor just five minutes from downtown Lake Geneva.
The transaction highlights the continued high demand for industrial and flex properties in both Walworth and Waukesha County.
About The Barry Company
The Barry Company, an over 100-year-old independently owned and operated commercial real estate company provides award-winning services throughout southeast Wisconsin and beyond. The Barry Company has won over 20 awards from the Commercial Association of Realtors-Wisconsin, including two Realtor® of the Year awards. The company has also received multiple Best Deal/Lease of the Year awards from The Business Journal
For more information, contact:
Kyle Eckerman
Commercial Broker
May 2025 Milwaukee Industrial Market Update from President Jim Barry
May 2025 Milwaukee Industrial Market Update from President Jim Barry
The Southeast Wisconsin industrial real estate market has been having a very good run for the past several years. Vacancy rates have continued to stay at historically low levels, absorption of space has declined a bit, but remains consistent, and rental rates and sale prices have climbed steadily upwards.
According to the latest statistics gathered by the Commercial Association of Realtors – Wisconsin (CARW), the overall vacancy rate for industrial space in Southeast Wisconsin is 5.7 percent, well below the historic “natural” vacancy rate of 7 to 8 percent (see chart below).
Certain major submarkets have astonishingly low vacancy rates: 1.3 percent in Waukesha County, 0.5 percent in Sheboygan County and 0.6 percent in Walworth County. These submarkets have almost no industrial space available, and any newly available space tends to be snatched up very quickly at premium lease rates or sale
prices. Given the lack of available industrial land in many of Southeast Wisconsin’s submarkets and the lack of new speculative construction, this low vacancy environment promises to continue for the foreseeable future.
South I-94 Corridor
The major exception to this low vacancy rate scenario in Southeast Wisconsin is the South I-94 Corridor, extending from the southern part of Milwaukee County south to the Illinois border. This corridor has been home to an extraordinary amount of industrial development during the last decade, including the development of two multi-million-square-foot distribution centers for Amazon, millions of square feet of space occupied by Uline (with more to come) and a plethora of large speculative buildings developed by both Wisconsin-based and out-of-state developers.
The result is that this corridor has been significantly over-developed, with well over 11 million square feet of vacant space now available and a vacancy rate of over 11 percent in the Kenosha and Racine submarkets, well above the 5.7 percent vacancy rate in the overall Southeast Wisconsin market. While construction of new buildings in this corridor has slowed substantially, it will still take several years for the market to correct and for vacancy rates to return to their natural levels.
Hot submarkets
With the exception of the I-94 South Corridor, however, all the other Southeast Wisconsin submarkets continue to enjoy strong fundamentals, such as low vacancy rates, barriers to entry due to limited available land, and quality developers supported by strong lenders. This has put strong upward pressure on lease rates and on the price per square foot of industrial buildings that are being sold.
As a consequence, lease rates that were in the $5 to $6 per-square-foot range several years ago are now in the $7 to $8 per-square-foot range or higher. And buildings that would have sold in the $60 to $70 per-square foot range just a few years ago are now selling for prices approaching $100 per square foot and often well in excess of that threshold.
Adding to this upward pressure are constantly increasing construction costs, which have risen significantly faster than the inflation rate since the early 2020s. All this means that, in most cases, it has been a landlord’s market, particularly in submarkets where the available industrial space inventory is almost nonexistent.
Based on current trends, we expect to see continued strength in the overall Southeast Wisconsin market, but particularly in the submarkets adjacent to the I-94 West Corridor, such as Waukesha and Walworth counties, and extending even into Jefferson County.
We also expect the submarkets adjacent to the I-41 corridor, such as northern Milwaukee, Ozaukee and Washington counties, to outpace the overall market. Municipalities such as Germantown, Menomonee Falls, Sussex and Jackson have all been very proactive in encouraging industrial development and communities who enable such development to occur will continue to prosper.
Active developers
Southeastern Wisconsin is blessed with many strong industrial development and investment firms who conduct their business prudently and for the long term. Zilber Development has had an excellent track record of building and filling medium-size industrial buildings in the I-41 and South I-94 corridors and continues to steadily grow its portfolio.
The Luther Group has completed several new, successful projects in the Menomonee Falls area and has built a strong portfolio in the New Berlin Industrial Park.
Wangard Properties has recently brought to market several new medium-size speculative buildings in Franklin and Sussex and is actively seeking new opportunities. And
Briohn Construction is very active with new build-to-suit developments in Waukesha and Washington counties, as well as throughout the market.
Local lenders such as Associated Bank, Bank of Ixonia, Landmark Credit and Tri-City Bank are often the source of funding for these new projects. In other words, Southeast Wisconsin has a strong foundation for continued prosperity in the industrial real estate sector for many years to come.
Industrial sale-leasebacks
With the higher interest rate environment that the business community is now facing, industrial sale-leasebacks have enjoyed a resurgence in the Southeast Wisconsin industrial real estate market. Southeast Wisconsin is seen as a desirable market in which to place capital for long-term, low-risk investments.
Recent examples of notable saleleasebacks are the sale of Aztalan Engineering’s 75,800-square-foot industrial campus in Lake Mills, the sale of Cutweld’s 21,900-square-foot industrial building in Menomonee Falls and the sale of an 89,000-square-foot manufacturing building in Waukesha County.
Investors such as Stag, Phoenix Investors, Smart Asset Realty and numerous local investors remain active in purchasing sale-leasebacks and other investment properties in Southeast Wisconsin.
In sum, the Southeast Wisconsin industrial real estate market remains very solid and will be very robust into the foreseeable future, with rental growth steadily continuing and property values continuing to appreciate. It is a good time to be involved in this market as an owner, investor, lender or broker.
For more information, contact:
Jim Barry III
J.D., CCIM
Rare Industrial Property Sold in New Berlin Industrial Park
Rare Industrial Property Sold in New Berlin Industrial Park
NEW BERLIN, March 13, 2025 – The Barry Company is pleased to announce the successful sale of a rare industrial property located in the highly sought-after New Berlin Industrial Park. This prime facility, approximately 15,536 square feet in size, boasts exceptional visibility along Cleveland Avenue, making it a valuable asset in the thriving industrial corridor.
The transaction was an owner/user sale, with Mike Eaton of New Berlin Heating & Air Conditioning acquiring the property. Eaton, who recently sold his company to Philadelphia-based Sila Services in November, remains as President and made the strategic decision to relocate the company to a larger space within the industrial park to accommodate growth and operational needs.
The sellers, long-time New-Berlin business owners of Kitchen Kraft Builders, had operated their custom cabinetry shop out of the location since 1998. With plans for retirement, they were pleased to transfer ownership to another local business.
This transaction highlights the ongoing strength of New Berlin’s industrial market and the commitment of local businesses to investing in the area.
About The Barry Company
The Barry Company, an over 100-year-old independently owned and operated commercial real estate company provides award-winning services throughout southeast Wisconsin and beyond. The Barry Company has won over 20 awards from the Commercial Association of Realtors-Wisconsin, including two Realtor® of the Year awards. The company has also received multiple Best Deal/Lease of the Year awards from The Business Journal
For more information, contact:


