CHICAGO, MILWAUKEE—A seven-building industrial portfolio in the Milwaukee region, totaling 228,561 square feet, has just hit the market, presenting another chance for investors looking for the higher yields available from properties outside the primary metro areas. S.R. Sales, a leading independent supplier of original replacement parts for industrial, agricultural, automotive and other industries, leases the entire portfolio.
Avison Young principals Erik Foster and Mike Wilson, who are both based in the firm's Chicago office and members of the company's national industrial capital markets group, are representing the ownership, AIC Ventures, a real estate investment firm based in Austin, TX.
“Milwaukee is one of a number of solid, secondary markets throughout the country that offer higher yields,” Foster tells GlobeSt.com. Industrial markets such as Milwaukee, Nashville, and Cincinnati, among others, have solid population growth, good transportation links, as well as cheaper labor and lower construction costs than big markets like Chicago.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
