Vacant Kenosha industrial building sold for $1.55 million

LCM Funds 25 Kenosha LLC, a Milwaukee-based investors group led by David Winograd, recently purchased a vacant 190,000-square-foot industrial building at 5718 52nd St., Kenosha, from Johnson Bank for $1.55 million, according to state records.

The building was previously occupied by Laminated Products International.

Scott Revolinski of RFP Commercial brokered the deal for LCM Funds and he and Paul McBride, also of RFP Commercial, are representing the group in leasing the building.

The building will become a mult-tenant building and several potential tenants are interested in leasing space, Revolinski said.

“If that building isn’t full by the end of the year I didn’t do my job,” he said.

“We have a number of interested parties looking at warehouse space,” Winograd said. The group purchased the building for a low price from the bank, which had foreclosed on the property, so it will be able to offer a low cost industrial space rental option in the Kenosha market, he said.

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