[
Three speculative building projects are moving forward in the Janesville-Beloit MSA. Combined, these projects represent 355,000 square feet of new, Class A Industrial / Warehouse space.
Two of the three projects will occur in Janesville, while the third project will be located in the City of Beloit. These spec projects are slated to begin construction this spring/summer, with an anticipated fall 2016 market delivery date.
4298 Capital Circle II, located in Janesville’s East Side Business Park, will have an initial 100,000 SF footprint and an expansion capability to reach up to 200,000 SF. Gilbank Construction, Inc. will be providing construction services for the project, while Angus Young Associates provided the architectural, design and engineering services.
Bill Mears, Coldwell Banker McGuire Mears & Associates, is handling the property’s marketing / brokerage activities. This is the second (Janesville) spec project for Badger Property Investments principles Tom Lasse and Terry McGuire.
100 Innovation Drive, located in Janesville’s STH 11 Business Park, will have an initial 150,000 SF footprint and an expansion capability to reach up to 300,000 SF.
The property is being developed by Greywolf Partners, Inc. and Scott Furmanski, CBRE’s Milwaukee office, is responsible for the project’s marketing / brokerage services.
To facilitate both of these spec projects, the City of Janesville provided a Tax Increment Financing package.
2400 E. CTH P, located at the WI/IL Stateline in Beloit’s I-90 Business Park, will have an initial 105,000 SF footprint and an expansion capability to reach up to 420,000 SF. The property is being developed by Hendricks Commercial Properties.
Corporate Contractors, Inc. will be providing construction services, while Angus Young Associates provided the project’s architectural, design and engineering services. Chase Brieman, CBRE’s Madison office, will be handling the project’s marketing / brokerage services.
