Zilber 3 at Janesville. Picture courtesy of Newmark
Newmark has accomplished a full-building, 179,000-square-foot lease deal at Zilber Industrial 3, a not too long ago accomplished industrial asset in Janesville, Wis. The corporate labored on behalf of the tenant, Phelps Pet Merchandise, a producer of specialty canine treats. The owner and developer is Milwaukee-based Zilber Property Group, in response to ConnectCre.
The deal marks Phelps Pet’s first area within the Wisconsin space and, whereas increasing its packaging and processing capabilities, the brand new tenant is predicted to convey 103 workers till 2024, in response to Alliant Vitality.
The brand new built-to-suit, Class A manufacturing facility is situated at 400 W. Enterprise Drive and is supplied with 18 loading docks, high-bay LED lighting methods, 25 trailer parking spots and 175 automobile parking spots. The economic property is located 3.5 miles from Southern Wisconsin Regional Airport, alongside the interstates 90 and 39 corridors, offering easy accessibility to Milwaukee, Madison, Wis., and Chicago.
Newmark’s group fashioned of Senior Managing Administrators Michael Prost and Sergio Chapa negotiated on behalf of Phelps Pets Merchandise, whereas the identical firm’s International Company Companies group led by Director of Location Advisory & International Technique Carrie Zethmayr organized the transaction.
One other firm is lively in Wisconsin, not that removed from Janesville: In November 2022, HSA Industrial Actual Property began development on Bristol Highlands Commerce Middle West, a three-building industrial undertaking, and on Highland Commerce Middle of Somers, one of many largest speculative industrial buildings within the state’s historical past.
