Zilber Property GroupS acquired a 363,000-square-foot industrial building in Beloit, Wisconsin.
The property, at 1405 Gateway Blvd. in the Gateway Business Park, is home to Pratt Industries’ Beloit Corrugating operations. Pratt Industries manufactures recycled containerboard, corrugated sheets, and related packaging containers and has facilities located throughout the U.S.
The Beloit facility, which was constructed in 2016, is situated at the intersection of I-90 & I-43 near the Wisconsin-Illinois state line. It supplies Pratt’s customers throughout the Great Lakes and Upper Midwest regions. Pratt is the 5th largest corrugated packaging company in the U.S. and the world’s largest, privately held producer of 100% recycled container board.
The acquisition marks another significant investment by Zilber as it adds to its portfolio of industrial properties in Wisconsin’s I-39/I-90 Corridor.
The Colliers Minnesota and Wisconsin investment services teams collaborated in representing the seller in the transaction. Peter Loehrer, Mark Kolsrud, Tom Shepherd, and Jennifer Huber-Bullock all of Colliers arranged the transaction.
