Last updated on April 29th, 2020 at 03:07 pm
A Waukegan, Illinois-based logistics company is moving across the border to a recently constructed industrial building in Kenosha.
Milwaukee-based Zilber Property Group announced Tuesday it is leasing the 250,000-square-foot building it developed at 5312 104th St. to Trifinity Specialized Distribution, a logistics firm that ships to retailers such as Walmart, Sam’s Club, Target, Costco and most drug store chains.
Trifinity is in the process of moving into the facility, and will be operational there sometime this month. All of its approximately 50 employees will work in the new building.
Michael Kleber, Zilber director of industrial leasing, and Newmark Knight Frank senior managing directors Sergio Chapa and Michael Prost, represented Zilber in the lease transaction. Thomas Boyle, senior vice president of Lee and Associates of Illinois LLC, represented Trifinity.
James Merlo, Trifinity founder and chief executive officer, said in a news release that he tasked Boyle in early 2019 to identify locations for a new Trifinity facility. After an extensive search, Trifinity chose to relocate to Kenosha after meeting with its mayor, John Antaramian.
“(Antaramian) is a great leader and has created a business-friendly atmosphere in Kenosha where Trifinity can grow,” Merlo said.
“Trifinity and its leadership recognizes the same potential for economic growth in southeastern Wisconsin as we do at Zilber and we look forward to their continued success in their new facility,” John Kersey, Zilber Ltd. executive vice president, said in the release.
Milwaukee-based Zilber is still seeking tenants for two facilities in Kenosha County, both in Lakeview Corporate Park in Pleasant Prairie, a company spokesperson said. This includes a 72,000-square-foot building it recently developed and a 121,000-square-foot building it purchased in August.
The developer had a busy 2019 in the industrial real estate market. It sold 15 industrial buildings in Racine and Kenosha counties last summer to a Boston-based private equity fund. Zilber also continued work at its new industrial park in Germantown. Its projects there include a 706,000-square-foot Briggs & Stratton global distribution facility, a 200,000-square-foot building being leased to Smart Warehousing and another 200,000-square-foot building.