Newmark Knight Frank (NKF) has arranged the sale-leaseback of 1343 27th Street in Caledonia, Wisconsin on behalf of the buyer, an undisclosed, publicly traded investment company. The acquisition of the 53,680-square-foot industrial property includes a long-term leaseback to the tenant.
With a desire to expand its Wisconsin portfolio, NKF senior managing director Sergio Chapa, SIOR, in cooperation with senior managing director Corey Chase, assisted the buyer with its site selection and negotiations. Chapa and Chase ultimately helped the undisclosed publicly traded investment company secure 1343 27th Street due to location and favorable terms, including a new long-term lease with the tenant. Jon Henderson of Jon Henderson Real Estate represented the seller and tenant in the transaction.
“We are pleased to have assisted our client in expanding its Wisconsin portfolio,” said Chase. “This asset is a great addition to the firm’s portfolio given the location of the facility and the strength of the tenant. The buyer also liked the ongoing growth and low vacancy rates in southeast Wisconsin and this building checked all the boxes for them.”
Built in 2015, 1343 27th Street is a Class A, single-story, 53,680-square-foot industrial facility. The property features 18-foot ceilings, one exterior dock, two drive-in docks and tollway visibility. The tenant entered into a long-term lease agreement at the property and will occupy 100 percent of the facility.
