CBC McGuire Mears Announces New Build-to-Suit Project
Janesville, WI– Coldwell Banker Commercial McGuire Mears & Associates is pleased to announce that local developer Badger Property Investments (BPI) will be breaking ground this month on a 162,000 square foot build-to-suit manufacturing and packaging facility on Janesville’s south side. Construction is expected to be completed in July of next year.
The building will be occupied by NaturPak Pet, a new venture of Janesville-based natural food manufacturer and co-packer IPM Foods. NaturPak Pet will design, manufacture, and package high-quality, natural wet pet food products at the new Janesville facility. IPM Foods currently offers a green alternative to human food packaging with recyclable, BPA-free Tetra Pak cartons that are evolving the way soups and vegetables are consumed.
The facility will be the sixth such project in southern Wisconsin for BPI, including four projects in Janesville since 2015. The projects include the AM Castle facility, Upper Lakes Foods, IPM Foods, SSI in Milton, and yet to be filled state of the art industrial building in Delavan. The developments total almost 800,000 square feet of new construction at a cost of $40,000,000, resulting in an increase of $700,000 in property tax revenue and the creation of more than 400 new jobs.
“None of the Janesville projects would have been possible without the continued support from the City of Janesville,” said Tom Lasse, principal at BPI. “Their development-friendly attitude is what helps get these deals done.”
Angus-Young Associates is the architect for the project and Gilbank Construction is the general contractor.
For more information about this project or other commercial real estate opportunities, contact Bill Mears at (608) 314-8251.
About Coldwell Banker Commercial McGuire Mears & Associates
Coldwell Banker Commercial McGuire Mears & Associates is a premier provider of commercial real estate services in southern Wisconsin and northern Illinois. We have a history of setting industry standards for customer service excellence. Our associates’ knowledge of the local marketplace is a valuable resource for businesses large and small. With more than $350 million in combined real estate transactions, we consistently help clients discover commercial real estate opportunities and deliver a range of services designed to add value to every business.
About Coldwell Banker Commercial Affiliates
Coldwell Banker Commercial® Affiliates (CBCworldwide.com) is a worldwide leader in the commercial real estate industry. The Coldwell Banker Commercial organization is part of the oldest and most respected national real estate brand in the country, Coldwell Banker. Coldwell Banker Commercial is comprised of approximately 3,000 sales agents working in approximately 200 companies. Each office is independently owned and operated. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services.
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