Ashley Capital Announces Construction of Second Building at Enterprise Business Park
RACINE COUNTY, Wis. – Ashley Capital is pleased to announce the construction of a new 438,000 square foot cross-dock, speculative, industrial building. Located at 11201 Enterprise Way, Sturtevant, Wisconsin, it is the second building to be constructed at Enterprise Business Park. John Sharpe and Tom Boyle of Lee & Associates and Terry McMahon and Cody Ziegler of Cushman & Wakefield |Boerke are exclusive marketing agents for the property.
Gary Rosecrans, Vice President of Ashley Capital, shared, “Several years ago, we acquired 90 acres of farm land along I-94 between Chicago and Milwaukee. We then entitled and improved it as a master planned business park. The first building we constructed is 376,000 square feet and now leased to four tenants.” The new 438,000 square foot building is the second of four planned for the park. According to Rosecrans, “There are two remaining lots in the park that will be used for either speculative or build-to-suit construction.” As planned, Enterprise Business Park represents over 1.3 million square feet of Class A space when fully developed. The new building will bring Ashley’s industrial property portfolio in Racine County to over 1.5 million square feet.
According to John Sharpe, Principal of Lee & Associates, “11201 Enterprise Way is the most versatile speculative distribution building in the submarket. It can accommodate tenants from 42,000 to 438,000 square feet and provide them with 36′ clear height, LED lighting, built-to-suit office space, a cross-dock configuration (in the case of larger tenants) and ample loading, trailer parking and car parking.”
The building is anticipated to be completed late 2019 and available now for preleasing. Terry McMahon, principal of Cushman & Wakefield |Boerke emphasized that Enterprise Business Park benefits from an outstanding location – across from the Foxconn advanced manufacturing and science and technology campus, close to two full interchanges along I-94 and logistically situated between Milwaukee and Chicago. Cody Ziegler, real estate advisor with Cushman & Wakefield |Boerke added, “Racine County and industrial companies are a perfect match. These types of companies want to be in Racine County as it has all of the resources they need to succeed. Furthermore, the County views manufacturing and distribution as essential to the health of the local economy. ”
About Ashley Capital
Ashley Capital, LLC is one of the largest privately owned industrial real estate investment/development firms in the United States. The firm has offices in Atlanta, Chicago, Detroit, Grand Rapids, Norfolk and New York. Ashley’s current portfolio is over 27,000,000 square feet. Ashley is a long-term flexible owner that actively manages its properties and pays close attention to the needs of its tenants. For more information on Ashley Capital, LLC, please visit: www.ashleycapital.com. Ashley Capital can also be followed on Facebook, LinkedIn and Twitter.