Liberty Property Trust has broken ground on a 171,114 square foot Class A industrial building at 10020 South Reinhart Drive in Liberty Corporate Preserve, Oak Creek, WI. The building, which will be available for occupancy end of 2014, is the first large speculative industrial project to be developed in this region in five years and the last pad to be developed at Liberty Corporate Preserve.
“We are experiencing interest from serious tenants regarding sizable amounts of square footage, which is rare in the Milwaukee market without a completed building,” says Neal Driscoll, Liberty’s vice president of development in the region. “Given the shortage of Class A space and a prospects’ ability to see the adjacent building which reflects this building’s quality and features, our Colliers brokerage team has been able to bring forward a number of real opportunities. We hope this activity level will translate into signed leases as we begin tipping walls into place in the next thirty days.”
The new building offers direct access to I-94. It will feature 200′ depth, 30′ clear height, 50×50 column spacing and an advanced fire suppression systems. Plans provide the ability to accommodate high quality office build-out, a shared 200-foot truck court and extensive parking.
The architect for the development project is Stephen Perry Smith Architects, Inc., the engineer is R.A. Smith National, Inc. and the general contractor is Berghammer Construction Corporation. The leasing team is Steve Sewart and Pat Hake of Colliers International.