Chicago-based HSA Commercial Real Estate has executed a full-building lease with HARIBO of America, Inc., at its Bristol Highlands Commerce Center East development, a 68-acre industrial park in Bristol, Wisconsin near Interstate 94 and the Wisconsin-Illinois border.
At 447,216 square feet, it is the largest industrial lease executed in the Southeast Wisconsin submarket last quarter.
HARIBO, a manufacturer of gummi products, currently occupies the 157,656-square-foot Building 1 at Bristol Highlands Commerce Center East, which is just two miles from the company’s first-ever North American production plant in Pleasant Prairie, Wisconsin. Those warehousing and distribution operations will move from Building 1 to Building 3 at 9403 136th Ave. upon completion of the interior buildout in second-quarter 2024.
Completed in 2022, Building 3 features 36-foot clear heights, 73 truck docks and ample employee parking.
Once HARIBO moves into Building 3, the company’s former space in Building 1 will be available for lease. Situated between two four-way interchanges and two international airports, Bristol Highlands Commerce Center East is also home to Visual Pak, a Waukegan, Ill.-based provider of contract packaging and manufacturing that occupies a 472,176-square-foot warehouse in the park.
Whit Heitman and Sam Badger of CBRE represented HARIBO in the transaction. Ownership was represented by Jeff Hoffman of Cushman & Wakefield | Boerke, Eric Fischer of Cushman & Wakefield and Tim Thompson of HSA Commercial Real Estate.
