Home Industries Real Estate Luther Group plans industrial building in Grafton

Luther Group plans industrial building in Grafton

By
Hunter Turpin
-
A conceptual plan for a building Luther Group developed in Menomonee Falls. Rendering from LoopNet

Elm Grove-based commercial real estate company Luther Group is planning to build a 156,000-square-foot industrial building in Grafton. The building would be located on a 16-acre site along Cheyenne Avenue just north of Highway 60, according to a permit filed with the Wisconsin Department of Natural Resources. DNR documents show that Luther Group has an

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Hunter Turpin
http://www.biztimes.com
Hunter covers commercial and residential real estate for BizTimes. He previously wrote for the Waukesha Freeman and Milwaukee Journal Sentinel. A recent graduate of UW-Milwaukee, with a degree in journalism and urban studies, he was news editor of the UWM Post. He has received awards from the Milwaukee Press Club and Wisconsin Newspaper Association. Hunter likes cooking, gardening and 2000s girly pop.
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Elm Grove-based commercial real estate company Luther Group is planning to build a 156,000-square-foot industrial building in Grafton. The building would be located on a 16-acre site along Cheyenne Avenue just north of Highway 60, according to a permit filed with the Wisconsin Department of Natural Resources. DNR documents show that Luther Group has an agreement with the property's Cascade, Wisconsin-based owner to purchase the property. Luther Group is a real estate advisory, brokerage, development and management firm that has completed over 50 projects with a total value of $500 million, according to its website. Luther Group declined to comment, saying the project was in preliminary stages. Ozaukee County has an industrial space vacancy rate of 1.4%, according to a fourth-quarter report from Commercial Association of Realtors Wisconsin.

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