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3rd Quarter 2020
3 Quarters Into 2020 - Now What? | |
Team Judson Editorial: | |
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Go VOTE and STAY SAFE! | |
Wishing everyone a strong end to a socially miserable 2020. |
Below are the Quarterly Office and Industrial Reports for our Greater Milwaukee Area:
Servo Motors Inc and Robot Reels LLC Is Moving
Matt Judson with Judson & Associates, s.c. was tasked to find a new location for Servo Motors Inc and Robot Reels LLC. After a number of tours the company was able to identify a property that checked the boxes of all its major criteria. Servo Motors Inc and Robot Reels LLC is moving their long term operation to a 21,285 SF facility at 16550 Ryerson Road in New Berlin. We wish you much continued sucess in your new location!
Geneva Supply Expands to Menomonee Falls
Geneva Supply recently announced their role in taking over Cascio Music, thus creating the need for operating space. The new owners of W136 N5283 Campbell Drive in Menomonee Falls enlisted Mike Steiner and Matt Judson to market the building for Lease. Mark Gorski, working with Geneva Supply, was able to make it a true Judson Team effort. Mike, Matt and Mark were able to connect the building owner with Geneva Supply and worked through to a successful lease negotiation. Congratulations to all envolved!
Lockdown Success
Mark Gorski with Judson and Associates contacted the owners of 1265 Hickory Street in Pewaukee during the state lockdown to inquire if they would be interested in leasing their building. Matt Judson, working with a national Tenant, helped them rent out the spaced within a few days. Due to the virus and lockdown our main challenge was navigating the virtual Village approval process. This added some delays to the process but was successfully completed. We now have a happy new client and Tenant.
Investment Sale of 821 Corporate
This long term Tenant leased building sells to a local investor. Seller was able to complete their ultimate goal of selling the company and now the real estate. Good job Mark Gorski and Mike Judson!!
The WCTC Foundation Partnered with Judson and Associates, s.c.
The WCTC Foundation trusted Mike Judson and Lori Hake to sell an underused office asset. Within 2 weeks of Mike and Lori bringing the property to market multiple offers were received. Matt Judson was able to bring the winning, over asking price offer to the table. The property will be updated and redeveloped. Judson and Associates, s.c. was honored to continue their strong relationship with WCTC and is proud to be their local partner.
Hockey Haven Has A New Home
Congratulations to Fred Berry and the Hockey Haven family on the purchase of their new home at 195 N Janacek Road in Brookfield! Though this property is only 1 block away, Hockey Haven faced major hurdles to reach the finish line due to Covid-19. From being a last minute add on to the last Town of Brookfield Plan Commission meeting to fending off a state mandated business shut down and more. We are excited to see what Fred and his team do with the new facility.
Vernon 13,000 SF Investment Building Sells To An Owner-User
For the sale to happen two existing Tenants needed to be relocated within a short period of time. Will Schlosser and Matt Judson of Judson and Associates, s.c. showed their ability to listen to the needs of each Tenant, depth of maket knowledge and dedicated resolve to successfully complete the task. Two new spaces were quickly identified and new leases were completed within 2 weeks. Buyer and Seller were happy and the sale of the building was able to be completed. Congratulations to all!
307 N Grand Avenue, Waukesha 13,258 SF Mixed Use Investment Property First Floor Long Term Commercial Tenants Second Floor Could be 2 Apartments for Additional Income
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6510-6522 W. Mequon Road, Mequon Adjacent to the new Mequon Town Center Development Zoning: Town Center Development 1,655 SF Commercial Office for Lease Sale is Commercial Building and Neighboring Residential Duplex Package Lease Rate: $2,450/Month Gross Sale Price: $1,050,000 (Both Properties) |
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N17 W24300 Riverwood Drive, Pewaukee 176,960 SF Executive Office Building 587 Surface Parking Space 11.287 Acres Near I-94 Sale Price: $13,500,0000 |
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17,500 SF on .4433 Acres 6 Tenant Light Industrial Building Investment Property or Owner-User Zoning: M-1 Industrial District Sale Price: $750,000 |
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323-325 W Sunset Drive, Waukesha 5,800 SF on .48 Acres Zoning: B-3 General Business District Floor Drains, Air Exchange System and Newly Sealed Parking Lot
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W238 N1610 Bussee Road, Pewaukee 1,504 SF Office Space for Lease New Construction with Private First Floor Entry Customizable Open Floor Plan Quaility Finishes Lease Rate: $14.00 PSF NNN |
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4,000 SF Retail/Office Building on .5862 Acres In the Heart of the Village Wooded Setting Overlooking the Ice Age Trail Selling Willing to Lease Back Sale Price: $395,000 |
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N88 W15125 Main St., Menomonee Falls 4,886 SF Office Building on .589 Acres In the Heart of the Village's East Main Street Revitalization Corridor Minutes from Hwy 41/45 Sale Price: $400,000 |
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W227 N913 Westmound Dr, Pewaukee Rare 14,400 SF Multi-Tenant Building 4 Dock Doors, 1 Drive In Door 6,600 SF Available Sale Price: $1,200,000 Lease Rate: $7.50 PSF NNN |