After successfully filling two speculative industrial buildings in Germantown, a local development firm is moving onto the third phase of a business park development near the burgeoning I-41 and Holy Hill Road interchange.
Pewaukee-based
Capstone Quadrangle is proposing a new 291,000-sqaure-foot speculative industrial building at N128 W20833 Holy Hill Road, according to plans submitted to the Germantown Plan Commission.
The development would be part of the company's 52-acre Capstone 41 Business Park, which began construction about four years ago and so far includes two industrial buildings with 203,000 and 295,000 square feet, both of which are fully leased, Capstone Quadrangle said in a memo to the village.
Capstone Quadrangle principal
Michael Faber said the firm could break ground on the project this spring, pending approvals and financing, adding that there are some larger users in the market making the firm "cautiously optimistic" about the next phase of the development.
The third phase would include about 36 loading docks and 36-foot structural clear heights, plans show. The plans are up for Plan Commission review Monday evening.
"This design is aimed at being 'state of the art,' and we hope to appeal to increasing tenant activity in the market," the memo says. "Our design intent for phase III is to create an aesthetic that conveys a sense of campus, so that the buildings feel like siblings and are related to each other, rather than being completely different."
Nearby projects include Green Bay Packaging's
new 230,000-square-foot facility and commercial truck retailer Truck Country's
new 16-acre development, both on Holy Hill Road, as well as Zilber Property Group's multi-building business park that was established in 2018.
