A groundbreaking ceremony will be held on April 29 to celebrate the start of construction of a 376,000-square-foot speculative industrial building in Sturtevant.
The building will be the first of four built in the Enterprise Business Park, which is being developed by New York-based Ashley Capital on a site northwest of Durand Avenue (Highway11) and County Highway H, on the north side of the Canadian Pacific Railroad tracks.
When fully developed, the business park is expected to have a total of about 1.3 million square feet of industrial space.
The space in the business park is being marketed by Lee & Associates and Terry McMahon of Milwaukee-based The Boerke Company.
The development is the latest addition to the growing industrial real estate market in the I-94 corridor between Milwaukee and Chicago. In the fourth quarter of 2014 Racine County had an industrial space vacancy rate of 4.1 percent and absorbed 91,610 square feet of industrial space during the quarter and about 1 million square feet of industrial space during all of 2014, according to Xceligent data.
