Home Industries Real Estate Zilber acquires four metro Milwaukee industrial buildings for $34 million

Zilber acquires four metro Milwaukee industrial buildings for $34 million

By
Hunter Turpin
-
9705 S Oakwood Park Drive. Image from LoopNet

Milwaukee-based commercial real estate firm Zilber Property Group has expanded its industrial portfolio with the acquisition of four buildings in metro Milwaukee. Located in New Berlin and Franklin, the buildings range in size from 80,000 to 125,000 square feet, with a combined total of 385,000 square feet. They include: 5333-5349 S. Emmer Drive, New Berlin:

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Hunter Turpin
Hunter covers commercial and residential real estate for BizTimes. He previously wrote for the Waukesha Freeman and Milwaukee Journal Sentinel. A 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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Milwaukee-based commercial real estate firm Zilber Property Group has expanded its industrial portfolio with the acquisition of four buildings in metro Milwaukee. Located in New Berlin and Franklin, the buildings range in size from 80,000 to 125,000 square feet, with a combined total of 385,000 square feet. They include: “We remain focused on expanding our portfolio by developing and acquiring high-quality industrial facilities in sought-after locations," said Bill Wigchers, Zilber's chief executive officer. "The combination of highly functional industrial properties, excellent locations, and a diverse mix of established tenants made it a compelling addition. We are excited to welcome these properties and tenants to our growing industrial portfolio.” The buildings are fully leased to eight tenants, including local, regional, and international companies engaged in manufacturing, warehousing, distribution and logistics. Hawaii-based investment firm James Campbell Co. was the seller of the properties, Milwaukee and Waukesha County records show. Sale prices for the properties were not immediately available. "Each property is located in an established business park with essential infrastructure and easy access to major transportation systems," a Zilber press release said. "Features of the properties include modern clear heights, ample parking, abundant shipping and receiving areas, and efficient ingress and egress." “This investment reinforces Zilber’s commitment to growth in southeast Wisconsin,” Wigchers said. Last month, Zilber acquired a 363,000-square-foot industrial building in Beloit.

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