ICYMI – 2017 Summer Edition
In Case You Missed It…
The summer days are fleeting and it the market was certainly hot during the past few months. Here is a sampling of what The Barry Company has been up to!
Don’t see the property you’re looking for or want a little more information on one of our deals? Give us call at 414-271-1870 for all of your commercial real estate needs.
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DONE DEALS
SOLD
720-722 S. 5th Street, Milwaukee, WI
Highlights:
5,288 SF Commercial Building sold for $275,000 to Gravity Marketing. READ MORE
Agent:
David J. Buckley
SOLD
Continental & Corporate Center Drive, West Bend Corporate Center, West Bend , WI
Highlights:
5.67 AC site sold to Bruno’s Self Storage and 3.27 AC site sold to Wolfpack One Investments. READ MORE
Agent:
David J. Buckley
SOLD
6000 N. 60th Street, Milwaukee, WI
Highlights:
20,000 SF Industrial Building sold for $495,000 to 360 Degrees LLC. READ MORE
Agent:
James M. Young, MBA
SOLD
5050 W. State Street, Milwaukee, WI
Highlights:
9,000 SF Industrial Building sold to Badger Alloys. READ MORE
Agent:
James M. Young, MBA
SOLD
9300 W. Heather Avenue, Milwaukee, WI
Highlights:
21,366 SF sold for $1,115,000 to Diamond Discs International. READ MORE
Agents:
Kurt Van Dyke, CCIM, SIOR & James M. Young, MBA
LEASED
725 Industrial Court, Hartland, WI
Highlights:
8,600 SF Commercial Building leased to WGS & LTG Holdings, LLC.
Agent:
James M. Young, MBA
SOLD
2750 S. 163rd Street, New Berlin, WI
Highlights:
41,462 SF Industrial Building sold for $1,100,000 to Warehouse-Lighting. READ MORE
Agent:
Kevin C. Barry, CCIM
SOLD
4606 N. 132nd Street, Butler, WI
Highlights:
12,000 SF Industrial Building sold for $820,000 to Circle Electric. READ MORE
FOR LEASE
2305 Stonebridge Road, West Bend, WI
Highlights:
16,000 SF Industrial Building
Excellent location
Clearspan warehouse
Expandable
$4.45/SF NNN
Agent:
David J. Buckley
FOR SALE OR LEASE
540 E. Centralia Street, Elkhorn, WI
Highlights:
40,000 SF Industrial Building
Very utilitarian/multipurpose facility
Immediate freeway access
Divisible
$995,000
$3.95/SF NNN
Agents:
Kevin C. Barry, CCIM & Maximilian M. Yokosh
Highlights:
10.9 AC Retail/Commercial Development Site
Potentially divisible
Extensive Hwy 60 frontage
$595,000
Agent:
James M. Young, MBA
FOR LEASE
7420 S. 10th Street, Oak Creek, WI
Highlights:
20,250 SF Industrial Building
Excellent loading
Large lot
Minutes to I-94 via Rawson or Drexel
$5.00/SF NET
Agent:
David L. Barry, CCIM, SIOR
FOR SALE
6505 W. Calumet Road, Milwaukee, WI
Highlights:
9,500 SF Multi-purpose property
Great clear height
Expandable
$795,000
Agent:
Kevin C. Barry, CCIM
FOR SALE OR LEASE
W1236 Industrial Drive, Ixonia, WI
Highlights:
21,750 SF in two industrial buildings
Extremely clean, clearspan facility
Utilitarian buildings
$1,000,000
$5.00/SF NNN Warehouse
$6.00/SF NNN Office
Agent:
David J. Buckley
FOR SALE (MAY LEASE)
N8W22270 Johnson Drive, Pewaukee, WI
Highlights:
80,000 SF Industrial Building in Prime industrial park location
Excellent interstate exposure and access
High ceilings
Multiple loading options
$4,950,000
Agent:
Kevin C. Barry, CCIM
Highlights:
4.89 AC industrial site
Pad ready
Fully improved business park
$405,381
Agent:
David J. Buckley
FOR SALE
9240 N. 107th Street, Milwaukee, WI
Highlights:
24,090 SF Industrial Building with air-conditioned manufacturing area
Great power
Professionally maintained
Grade and dock loading
$850,000
Agent:
David L. Barry, CCIM, SIOR
Highlights:
7,900 SF Industrial Building on 1.43 AC
Divisible and expandable
Immediate freeway access
Recent upgrades completed in 2017
$495,000
Agent:
James M. Young, MBA
FOR SALE (MAY LEASE)
7507 W. Oklahoma Avenue, Milwaukee, WI
Highlights:
8,100 SF Commercial Building at High-Traffic Intersection
200 person banquet hall with fully equipped commercial kitchen and small bar
Security system, audio system and tables/chairs
$750,000
$8.60/SF NNN
Agent:
Pete Slezak
Engineered Exhaust Systems
Former Engineered Exhaust Systems Building Sold
The Barry Company represents Seller in transaction
Hermann Properties LLC has sold the 42,000 square foot industrial property located at 2750 S. 163rd St. in the New Berlin Industrial Park, New Berlin, Wis. to Abraham Holdings, LLC.
The property formerly housed the operations of Engineered Exhaust Systems, a manufacturer of exhaust systems and other components for the outdoor power products industry, which recently moved its headquarters to a new facility in Saukville, Wis.
Kevin Barry, CCIM of The Barry Company represented the seller in the transaction.
About The Barry Company
The Barry Company, a 95-year-old independently owned and operated commercial real estate company provides award-winning services throughout southeast Wisconsin and beyond. The Barry Company has won seven awards from the Commercial Association of Realtors-Wisconsin in the past five years, including five Deal of the Year awards and two Realtor® of the Year awards. The company has also received three consecutive Best Deal/Lease of the Year awards from The Business Journal and has been awarded the Broker of the Year honor by Riverworks Development Corporation.
For more information, contact:
Kevin C. Barry, CCIM
kbarry@barrycre.com
414-272-6728
Naturescape
Naturescape purchases Appleton-area industrial facility
The Barry Company brokers transaction
Naturescape, Inc. has purchased an 8,000 square foot industrial facility located at 512 Randolph Drive, Little Chute, Wis. from Dennis P. Curtin.
The landscape and property maintenance company will move from its existing location on Hamilton Court to the Randolph Drive location. “Naturescape’s new location provides them with excellent I-41 access and visibility, which will enable them to more efficiently serve their customers,” said Maximilian Yokosh, a real estate broker with The Barry Company. Yokosh represented Naturescape in the transaction.
About The Barry Company
The Barry Company, a 95-year-old independently owned and operated commercial real estate company provides award-winning services throughout southeast Wisconsin and beyond. The Barry Company has won seven awards from the Commercial Association of Realtors-Wisconsin in the past five years, including five Deal of the Year awards and two Realtor® of the Year awards. The company has also received three consecutive Best Deal/Lease of the Year awards from The Business Journal and has been awarded the Broker of the Year honor by Riverworks Development Corporation.
For more information, contact:
Maximilian M. Yokosh
myokosh@barrycre.com
414-272-6740
West Bend Corporate Center
Two lots sold in West Bend Corporate Center
The Barry Company sells land to accommodate development
Two lots located in the West Bend Corporate Center, West Bend, Wis. have been sold to pave the way for new developments.
Bruno’s Self Storage 2, LLC has purchased a 5.67 acre industrial lot on Corporate Center Drive, where it plans to build an approximately 134,000 square foot climate-controlled warehouse facility. Construction is scheduled to begin during Q3 2017.
Wolfpack One Investments, LLC has purchased a 3.27 acre industrial lot on Corporate Center Drive. The site will house a 20,000 to 30,000 square foot multi-tenant industrial facility. Construction will begin in late 2018.
David Buckley of The Barry Company represented the seller, Continental 52 Fund, LLC in the land sales.
“Additional land sales in West Bend Corporate Center indicate continued demand for locating in this high quality business park,” stated Buckley. He has sold several lots in the park within the past few years, including the land for Delta Defense’s corporate headquarters.
Buckley continues to market the remaining available sites in the park. There are several sites available ranging in size from 1 to 59 contiguous acres.
About The Barry Company
The Barry Company, a 95-year-old independently owned and operated commercial real estate company provides award-winning services throughout southeast Wisconsin and beyond. The Barry Company has won seven awards from the Commercial Association of Realtors-Wisconsin in the past five years, including five Deal of the Year awards and two Realtor® of the Year awards. The company has also received three consecutive Best Deal/Lease of the Year awards from The Business Journal and has been awarded the Broker of the Year honor by Riverworks Development Corporation.
For more information, contact:
David J. Buckley
dbuckley@barrycre.com
414-272-6730
TEC Electric/Circle Electric
Circle Electric purchases former TEC Electric building
The Barry Company represents Buyer and Seller in transaction
Circle Electric, Inc. has purchased the 12,000 square foot industrial facility located at 4606 N. 132nd Street, Butler, Wis. from Eclectic Enterprises, LLC.
Circle Electric, Inc. provides electrical contracting and engineering services throughout Southeastern Wisconsin. “This location allows Circle Electric to double its building footprint to accommodate the growth of its business,” said Kurt Van Dyke, CCIM, SIOR of The Barry Company. Van Dyke represented Circle Electric in the transaction.
“The market is very tight right now. There are only a few other quality buildings of this size range left in our inventory,” added Kevin Barry, CCIM of The Barry Company. Barry represented Eclectic Enterprises, LLC in the transaction.
About The Barry Company
The Barry Company, a 95-year-old independently owned and operated commercial real estate company provides award-winning services throughout southeast Wisconsin and beyond. The Barry Company has won seven awards from the Commercial Association of Realtors-Wisconsin in the past five years, including five Deal of the Year awards and two Realtor® of the Year awards. The company has also received three consecutive Best Deal/Lease of the Year awards from The Business Journal and has been awarded the Broker of the Year honor by Riverworks Development Corporation.
For more information, contact:
Kevin C. Barry, CCIM
kbarry@barrycre.com
414-272-6728
Kurt Van Dyke, CCIM, SIOR
kurt@barrycre.com
414-272-6726
Diamond Discs International, Inc.
Diamond Discs purchases Milwaukee industrial facility, plans move
The Barry Company brokers transaction
Diamond Discs International, Inc. has purchased the 21,366 square foot industrial facility located at 9300 W. Heather Avenue, Milwaukee, from 9300 W Heather Avenue LLC.
Diamond Discs will move its corporate headquarters from its current location at 8530 W. National Avenue, West Allis, Wis., and expand into the northwest Milwaukee property. The company is a premiere construction tool provider of diamond edged cutting tools and diamond impregnated products, which will increase its staff by up to 300% over the next several years. Diamond Discs was a Metropolitan Milwaukee Association of Commerce Future 50 award winner in 2010 and 2016 due to its rapid growth.
“This property was a great fit for Diamond Discs. With a fantastic location in a high quality Milwaukee industrial park, the site provides excellent accessibility for its customers as well as current and future employees,” said Kurt Van Dyke. Van Dyke and Jim Young of The Barry Company were the exclusive brokers on the transaction.
Morris Midwest, a division of Morris Group, Inc., currently occupies the Heather Avenue building and will be relocating to a Waukesha County facility within in the next few months. The company supplies CNC machine tools, tooling, accessories, software, automation and more to manufacturers of precision machined parts throughout the Midwest.
About The Barry Company
The Barry Company, a 95-year-old independently owned and operated commercial real estate company provides award-winning services throughout southeast Wisconsin and beyond. The Barry Company has won seven awards from the Commercial Association of Realtors-Wisconsin in the past five years, including five Deal of the Year awards and two Realtor® of the Year awards. The company has also received three consecutive Best Deal/Lease of the Year awards from The Business Journal and has been awarded the Broker of the Year honor by Riverworks Development Corporation.
For more information, contact:
Kurt Van Dyke, CCIM, SIOR
kurt@barrycre.com
414-272-6726
James M. Young, MBA
jyoung@barrycre.com
414-272-6723
Q2 2017 Industrial Barry Bulletin
The Barry Bulletin
Industrial Q2 2017
Milwaukee industrial market experiences robust quarter
The Milwaukee industrial market experienced a robust second quarter of 2017. Although the vacancy rate in the market grew slightly from 4.2% to 4.3%, there was more than 1.5 MSF absorbed during the quarter. This is a phenomenal jump from the 316,696 SF recorded during the first quarter.
The Milwaukee industrial market added more than 1.8 MSF of new product during Q2 2017. Large completions included Uline’s 880,000 SF distribution center in Kenosha, which was immediately absorbed, as well as First Park 94’s Building B, a 602,000 SF speculative industrial building. Madden Communications leased half of the property, but the remaining space, along with other speculative space added to the market means there is 400,000 SF of new speculative industrial space currently available. This accounts for the slight increase in the area’s vacancy rate for the quarter.
The Milwaukee industrial market has more than 900,000 SF still under construction, including 313,000 SF of speculative space in Franklin and Kenosha.
Lease rates in the Milwaukee industrial market continued to improve during the second quarter. Overall, the average asking rate for the industrial market rose from $4.58/SF at then end of Q1 2017 to $4.66/SF at the end of Q2 2017.
Industrial/Manufacturing properties remained relatively steady, increasing by $0.02 since the previous quarter, to end Q2 at $4.25/SF. Flex/R&D properties saw the largest rental rate incrase, from $5.24 during Q1 2017 to $5.38/SF during Q2. Warehouse/Distribution properties saw a similar increase during Q2 2017, increasing by $0.13/SF to $4.32/SF. Waukesha County saw the most improvement in rental rates across the board during Q2 2017, with both industrial and flex asking rates going up by $0.14/SF.
The unemployment rate for the Milwaukee metropolitan statistical area (MSA) dropped to 3.1% in May 2017, down 110 basis points from the 4.2% unemployment rate in January. Statewide, the unemployment rate is lower still, reported at 2.8% in May 2017. Nationally, the unemployment rate is 4.1%.
DOWNLOAD THE FULL REPORT HERE: The Barry Bulletin – Industrial Q2 2017
Want to download the full report?
For additional information contact:
James T. Barry III
President
jbarry@barrycre.com
R&T Construction Properties
R&T Construction Properties purchases suburban Milwaukee property
The Barry Company represents Buyer and Seller in transaction
R&T Construction Properties has purchased the approximately 11,000 square foot industrial facility located at 4264 S. Packard Avenue, Saint Francis, Wis. from Triwire 3, LLC.
The property formerly housed the headquarters of Black Bear Bottling Group, LLC. The buyer, a private investor, will lease the building to an undisclosed tenant.
David Barry, CCIM, SIOR of The Barry Company brokered the transaction.
About The Barry Company
The Barry Company, a 95-year-old independently owned and operated commercial real estate company provides award-winning services throughout southeast Wisconsin and beyond. The Barry Company has won seven awards from the Commercial Association of Realtors-Wisconsin in the past five years, including five Deal of the Year awards and two Realtor® of the Year awards. The company has also received three consecutive Best Deal/Lease of the Year awards from The Business Journal and has been awarded the Broker of the Year honor by Riverworks Development Corporation.
For more information, contact:
David L. Barry, CCIM, SIOR
dbarry@barrycre.com
414-272-6733
360 LLC
Design/build contractor purchases Milwaukee property
The Barry Company represents Buyer in transaction
360 LLC has purchased the 20,000 square foot industrial facility located at 6000 N. 60th Street, Milwaukee from Knight Barry Exchange, LLC. 360 LLC will use the property for its growing design/build business.
James Young of the Barry Company represented the buyer in the transaction.
About The Barry Company
The Barry Company, a 95-year-old independently owned and operated commercial real estate company provides award-winning services throughout southeast Wisconsin and beyond. The Barry Company has won seven awards from the Commercial Association of Realtors-Wisconsin in the past five years, including five Deal of the Year awards and two Realtor® of the Year awards. The company has also received three consecutive Best Deal/Lease of the Year awards from The Business Journal and has been awarded the Broker of the Year honor by Riverworks Development Corporation.
For more information, contact:
James M. Young, MBA
jyoung@barrycre.com
414-272-6723
Badger Alloys
Badger Alloys purchases Milwaukee industrial property
The Barry Company represents Buyer in transaction
BA Properties 2 LLC has purchased the 11,000 square foot office/warehouse facility located at 5050 W. State Street, Milwaukee, from DMA LLC.
Badger Alloys, Inc. which owns other industrial properties nearby, will occupy the facility.
James M. Young of The Barry Company represented Badger Alloys in the transaction.
About The Barry Company
The Barry Company, a 95-year-old independently owned and operated commercial real estate company provides award-winning services throughout southeast Wisconsin and beyond. The Barry Company has won seven awards from the Commercial Association of Realtors-Wisconsin in the past five years, including five Deal of the Year awards and two Realtor® of the Year awards. The company has also received three consecutive Best Deal/Lease of the Year awards from The Business Journal and has been awarded the Broker of the Year honor by Riverworks Development Corporation.
For more information, contact:
James M. Young, MBA
jyoung@barrycre.com
414-272-6723
