Midloch Investment Partners and Fountain Real Estate Capital acquired Tradesmen Industrial in Madison, Wisconsin.
Midloch and Fountain are co-investors in the property, which can accommodate warehouse, distribution, and manufacturing uses. Tradesmen Industrial is 131,558 square feet on 8.98 acres and is fully leased to three tenants.
CBRE’s Judd Welliver, based in Minneapolis, facilitated the transaction. The buyers secured a new mortgage loan from Magnifi Financial with the help of Mike Vannelli of CBRE.
Completed in 2023, the property is located at 5525 Tradesmen Drive on Madison’s southeast side. It has direct access to Interstates 39/90 and Highways 12/18 and is close to Madison, Milwaukee, and Chicago. With 32’ clear heights, Tradesmen Industrial has 14 loading docks with the potential for more. Fountain Real Estate will lease and manage the property.
Midloch’s investment in Tradesmen Industrial is through Midloch Value Fund III, which is open to new investors.
