CBRE recently sold 2929 Venture Drive, 700,000 square feet of industrial space in Janesville, Wis., to an affiliate of STAG Indusrial, Inc., for $24 million.
2929 Venture Drive is a cross-docked bulk distribution center that is 100 percent leased to two clients. The building underwent a $2.8 million renovation in 2009.
The seller, Helgesen Development Corp., was represented by CBRE’s Steven Buss, Tom Holtz, Ryan Watts and Judd Welliver. Tom Simon with CBRE in Minneapolis also assisted.