Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, is pleased to announce the acquisition of the former We Energies power plant in Pleasant Prairie, Wisconsin, along with the site’s planned redevelopment as LogistiCenter℠ at Pleasant Prairie. The planned 198-acre campus will accommodate build-to-suit opportunities in three logistics buildings. Mass grading is underway with building pads ready for vertical construction by Q4 2023.
LogistiCenter℠ at Pleasant Prairie is Wisconsin’s only dual rail-served build-to-suit site at the intersection of the Union Pacific Railroad, which connects the United States from the Midwest to the Gulf, and to the West Coast, along with the newly formed Canadian Pacific Kansas City Southern Railroad, which connects Mexico to Canada.
Additionally, given its historic operation supporting southeast Wisconsin’s power grid as a backup power plant, LogistiCenter℠ at Pleasant Prairie has access to abundant power. The site also benefits from high-quality and large quantities of freshwater service from Lake Michigan through the Village of Pleasant Prairie.
One of the most exciting opportunities with asset-rich sites like this one is the potential to create high-quality jobs in the community.
The park is conceptually approved to accommodate three buildings totaling 2.4 million square feet with the flexibility to be modified or consolidated as needed to meet customer requirements.
Dermody Properties currently has multiple properties available in its Midwest Region totaling 3.6 million square feet, including The Logistics Campus, a planned 10-building site in Glenview, Illinois. Building 5 of The Logistics Campus has an anticipated delivery of Q3 2023. For more information, please visit the region page on the Dermody Properties website.
