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Investment Outlook Brightens for Secondary Markets

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.

By Brian J. Rogal | Updated on November 30, 2017

chi-FosterErik (5) Erik Foster of Avison Young says secondary markets like Milwaukee offer higher yields, and have begun to attract institutional investors.

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.

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