Chicago-based Logistics Property Company LLC has purchased 106 acres of land west of Interstate 94 in Kenosha as part of plans to build onto its 94 Logistics Park development, the company announced.
In a news release, LPC said it plans to develop three buildings totaling 1.7 million square feet at the newly acquired site, with the largest building being able to accommodate users seeking 1 million square feet. The land sits at the northwest corner of 38th Street and 128th Avenue, northwest of the 94 Logistics Park project’s first phase, which includes the construction of 1 million square feet on the 67-acre site.
“Now that we’re in play in southeast Wisconsin, activity at 94 Logistics Park is fantastic,” said Aaron Martell, LPC’s Midwest region executive vice president. “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.”
LPC broke ground on the first phase of the business-park development last fall, and expects to finish construction by the end of this summer. The first building will be a 750,000-square-foot cross-docked facility targeting regional distribution players, such as consumer products, e-commerce and food users. The second building will total 288,000 square feet, geared towards manufacturing and distribution companies.
This development will add to other major manufacturing operations in the area. The 106-acre site sits across 128th Avenue from the Uline distribution center. It is also near the massive Amazon fulfillment center in Kenosha and six miles south of the Foxconn Technology Group manufacturing campus that’s now under construction.
With this most recent land acquisition, LPC will have 225 acres under control in Kenosha.
LPC said it plans to close on more properties in the Midwest, Pennsylvania, Georgia, Texas and Washington as part of a development pipeline. The company is targeting leading industrial markets across the U.S. with strong population demographics and significant in-place infrastructure.
