This 10-building industrial portfolio totaling 1,739,332 square foot portfolio was acquired by Westmount in early 2015. The in-fill properties are spread throughout the metropolitan Milwaukee, in close proximity to the interstate freeway system, executive housing, and accessible to labor pools. The Portfolio provides upside potential due to its occupancy at the time of acquisition of 81% in the +/- 94+% leased Milwaukee industrial market. Westmount’s plan is to actively self-manage the Portfolio with an onsite manager to maximize tenant retention through delivery of best-in-class property management, performance of necessary make-ready improvements to existing vacancies, re-branding and re-introduction of the portfolio to the marketplace, introduction of a proactive and responsive leasing program, and conversion of existing below-market rents to current market rental rates.

9251 Fountain Blvd, Menomonee Falls, WIplaceholder
• 182,000 square feet, 7% office finish
• 1979 construction, renovated in 1996, concrete masonry
• 20 dock doors, 2 drive-in doors, 20-25′ clear height
• 5 tenant spaces
• Lead Tenants: BakeMark, Quest Special Coatings
• Occupancy: 100%


5401 West Donges Bay Rd., Mequon, WIplaceholder
• 442,188 square feet, 4% office finish
• 1971 construction, precast concrete
• 41 dock doors, 7 drive in doors, 24-26′ clear height
• 5 tenant spaces
• Lead Tenants: Almo Distributing, DHI Corp.
• Occupancy: 97.9%


7501 North 81st Street, Milwaukee, WI

7501 • 183,958 square feet, 2% office finish
• 1987 construction, renovated in 2010, concrete
• 25 dock doors,3 drive in doors, 30′ clear height
• 2 tenant spaces
• Lead Tenants: Scholastic Book Fairs
• Occupancy: 37.6%


7025 West Parkland Ct., Milwaukee, WI7025
• 226,109 square feet, 1% office finish
• 1973, renovated in 1982, concrete masonry and brick
• 21 dock doors, 1 drive in door, 21′ clear height
• 5 tenant spaces
• Lead Tenants: RCS Systems
• Occupancy: 92.6%


11925 West Carmen Ave., Milwaukee, WIcarmen
• 100,000 square feet, 23% office finish
• 1969, renovated in 1998, brick and block
• 11 dock doors, 2 drive in doors, 20′ clear height
• 3 tenant spaces
• Lead Tenants: Insul-Mart
• Occupancy: 22.4%


2900 South 160th Street, New Berlin, WIplaceholder
• 183,480 square feet, 13% office finish
• 1971, renovated in 1978, concrete masonry
• 7 dock doors, 6 drive in doors, 21′ clear height
• 1 tenant spaces
• Lead Tenants: Sterling Products
• Occupancy: 100%


16405 West Lincoln Ave., New Berlin, WIplaceholder
• 91,473 square feet, 13% office finish
• 1979, renovated in 1982, concrete masonry
• 10 interior docks, 5 drive in doors, 18-23′ clear height
• 2 tenant spaces
• Lead Tenants: Midwest Sign & Screen Printing Supply
• Occupancy: 100%


16800 West Ryerson Rd., New Berlin, WIplaceholder
• 180,284 square feet, 14% office finish
• 1976, renovated in 1992, masonry and metal panel
• 12 dock doors, 2 drive in doors, 21′ clear height
• 3 tenant spaces
• Lead Tenants: Letterhead Press
• Occupancy: 100%


2450 South 170th Street, New Berlin, WI2450
• 36,468 square feet, 10% office finish
• 1970, renovated in 1977, concrete masonry
• 3 dock doors, 2 drive in doors, 16′ clear height
• 2 tenant spaces
• Lead Tenants:
• Occupancy: 0%


6736 West Washington St., West Allis, WI6736-west-washington
• 113,372 square feet, 17% office finish
• 1998, renovated in 2007, precast concrete
• 8 dock doors, 3 drive in doors, 27′ clear height
• 4 tenant spaces
• Lead Tenants: Graebel Moving & Warehouse
• Occupancy: 95.4%


 

Leasing Information:
Cushman & Wakefield | The Boerke Company 
Jeff Hoffman, SIOR, CCIM
414-203-3038
jhoffmann@boerke.com

Chad Vande Zandt
cell: 414-491-6393
cvandezande@boerke.com

Onsite Management: 
Janelle Cox, CPM
414-257-0238
jcox@westmountrc.com

More Information: 
Ginny Goldsmith, CPM
Westmount Realty Capital
214-884-3695
ggoldsmith@westmountrc.com

Stephen H. Kanoff
Westmount Realty Capital
214-884-3704
skanoff@westmountrc.com