Newmark recently negotiated the 179,000-square-foot lease of a state-of-the-art industrial property on behalf of Phelps Pet Products, a manufacturer of specialty dog treats, at 400 W. Venture Drive in Janesville, Wisconsin.
Newmark senior managing directors Michael Prost and Sergio Chapa represented the tenant, Phelps Pets, in its lease of the Class-A speculative industrial building. Newmark Global Corporate Services Director of Location Advisory, Global Strategy Carrie Zethmayr supported the transaction.
The new, build-to-suit industrial building is functionally designed and equipped with high-bay LED lighting, 18 loading docks, 25 trailer parking stalls and 175 car parking spaces. The property is strategically located along the I-90/I-39 corridor in Janesville, providing convenient access to the Milwaukee and Chicago metropolitan areas.
