-->

California developer buys land in Kenosha industrial park

A California developer has purchased 14 acres of empty land in an industrial park in Kenosha, according to state records. Subsidiaries of Panattoni Development Co. Inc., based in Irvine, California, purchased the property at 5304 99th Ave. For…

A California developer has acquired 14 acres of empty land in a Kenosha industrial park, according to state records. Employees from Irvine, California Panattoni Development Co. Inc. bought the land at 5304 99th Ave. for $ 2.85 million. The seller is the Hawkins Family Irrevocable Trust. The country is valued at $ 1.73 million, according to Kenosha County. Panattoni did not immediately respond to a request for comment. The website is located in the area of ​​the Kenosha Industrial Park, a 235-acre, 2.6-million-square-foot industrial park located on Highway 158 and 99th Avenue. It is just south of Kenosha Regional Airport and one mile from I-94. Something The main tenants are Kenall Manufacturing, Bradshaw Medical, and Centrisys. Kenosha County has been booming lately with industrial property development. Developers have speculatively built large manufacturing and distribution facilities, although it usually doesn’t take long to find residents. Northern Illinois companies have also migrated across the border, often spearheading lower taxes and a friendly business climate. Just last month, Schutz Container Systems Inc. acquired 24.6 acres of industrial land in the country Midwest Transportation Center Commercial park in Kenosha.Milwaukee Zilber Property Group built its fourth industrial building at the Kenosha Business Park last year. Zilber is the developer of the industrial park and is active in the kenosha market Salem Business Park has seen significant growth recently. It has gained a number of new tenants over the past year.Read the March 8 issue of BizTimes Milwaukee here:

Comments are closed.