Secondary Markets Getting More Looks

CHICAGO, MILWAUKEE—Investors who have grown wary of the sinking returns found among industrial properties in the nation’s core markets now have another opportunity to buy up product in Milwaukee, a market with a 5% vacancy rate. The Zilber Property Group has awarded the exclusive sale listing for a five-building, 191,000 square foot industrial portfolio near Milwaukee General Mitchell Airport to Avison Young’s industrial capital markets team in Chicago, led by Erik Foster and Mike Wilson.

The airport location means that “these are going to be very, very desirable assets for a number of different buyers,” Foster tells GlobeSt.com, due to its “strong potential for rent growth.” Foster and Wilson have extensive experience selling industrial portfolios in the Milwaukee market, including two portfolio sales totaling 3.5 million square feet in the airport industrial corridor.