New York-based private equity firm KTR Capital Partners recently purchased 158 acres of land along I-94 in Kenosha, where it plans to build a 1 million-square-foot distribution center for Seattle-based Amazon.com Inc., according to state records.
KTR bought the land, located northeast of I-94 and 38th Street, from Madison-based Next/Partners Inc. for about $17.5 million.
The site also includes room for a future 500,000-square-foot industrial building that could be occupied by Amazon.com or another tenant, said Next/Partners president Phil Jennings.
Amazon said it will create more than 1,000 full-time jobs at the 1 million-square-foot facility when it opens.
“We are excited to join the Kenosha community, creating more than 1,000 full-time jobs at our new fulfillment center,” said Mike Roth, Amazon’s vice president of North America operations. “We appreciate the state and local elected leaders who have supported Amazon coming to Wisconsin and we look forward to bringing jobs and investment to the state.”
The city of Kenosha is providing $18.2 million in tax incremental financing (TIF) for the project.
At the facility, Amazon employees will pick, pack and ship small items to customers like books, electronics or consumer goods.
Ever after the sale to KTR, Next/Partners still owns about four acres along I-94, Jennings said.