Wisconsin land slated for logistics properties

CHICAGO – Logistics Property Company has bought 106 acres of land 50 miles north of Chicago, Ill. in Kenosha, Wisconsin. This is the third site that LPC has recently closed on in Kenosha. The project sits just west of I-94, one of the busiest thoroughfares in the region that connects Detroit, Chicago, Milwaukee, Madison, and Minneapolis.

The logistics and distribution development site is located northwest of 94 Logistics Park Phase I and across 128th Street from the under construction Uline distribution centre. The site is also located between two full four-way interchanges on I-94.

It is in close proximity to a 1 million square foot Amazon fulfillment and sortation centre and just six miles south of the $10 billion Foxconn manufacturing facility.

“Now that we’re in play in southeast Wisconsin, activity at 94 Logistics Park is fantastic,” said Aaron Martell, LPC’s executive vice-president – Midwest Region. “Spec. inventory often leads to build-to-suits, so we wanted to be able to accommodate activity for users larger than 750,000 square feet.”

The 106-acre parcel will support three buildings totaling 1.7 million square feet. The largest building will be able to accommodate users seeking 1 million square feet.

LPC will have 225 acres under control in Kenosha consisting of over 3.5 million buildable square feet.

LPC anticipates closing on additional properties in the Midwest, Pennsylvania, Georgia, Texas and Washington as part of a development pipeline exceeding 20 million square feet.