CRE MARKETPLACE (pg.18): BROKERAGE FIRMS CONSTRUCTION COMPANIES/GENERAL CONTRACTORS FINANCE & INVESTMENT FIRMS
VOL.32 NO.5
THE LEADING NEWS SOURCE FOR INDUSTRIAL REAL ESTATE PROFESSIONALS & USERS
SEPTEMBER 2022
The Badger State has earned a spot next to Chicago and Northwest Indiana as the region’s most highly regarded. But why?
11559 80th Ave (Uline) (Courtesy of JLL)
By Mia Goulart, Senior Staff Writer
D
evelopers continue to flock to Southern Wisconsin because of its low taxes and business-friendly climate. But why else has the market been quick to gain traction? And what sets it apart?
Chicago Industrial Properties recently spoke with HSA Commercial Real Estate CEO & Vice Chairman Robert Smietana and JLL Senior Director, Capital Markets Kurt Sarbaugh to find out.
The market, to start, is just north of the Illinois state line, with most of the development occurring along the Interstate 94 North-South stretch connecting Chicago to Milwaukee. It’s an area that’s seen constant activity over time but has caught fire in the last 10 years in terms of interest. Kenosha County and Racine County have seen the highest activity, Kenosha being closer to Illinois and Racine about 15 miles from the border.
Still no space, but is redevelopment the solution to the lack of available land? By Mia Goulart, Senior Staff Writer
SOUTHERN WISCONSIN (continued on page 8)
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ou’ve heard it all before. The rise in construction material costs, coupled with material and labor shortages and rising interest rates, continue to plague the market, leaving businesses no choice but to find a creative and mutually beneficial workaround. Though many look forward to the dissipation of these challenges, it’s unlikely that will happen any time soon. Krusinski Construction Company President Jeff Krusinski said that the “when” is yet
REDEVELOPMENT (continued on page 6)