Zilber Property Group recently announced the planned development of an industrial business park in Caledonia, Wisconsin, on a recently acquired 93-acre land site.
The development, known as Caledonia Corporate Park, is located along the highly sought-after I-94 Corridor, specifically at the southeast quadrant of the I-94 and Northwestern Avenue interchange in Racine County.
Caledonia Corporate Park will be comprised of up to five industrial buildings, totaling approximately 1.6 million square feet, and capable of accommodating industrial users in the market with space requirements up to one million square feet.
Site preparation and infrastructure work is scheduled to begin next month, followed by the development of future speculative industrial facilities beginning in the spring of 2023.
“Zilber Property Group is excited for the opportunity to work with the Village of Caledonia and Racine County Economic Development Corporation to bring to market a corporate park capable of attracting quality industrial employers to southeast Wisconsin,” stated Chad Navis, Vice President, Zilber Ltd.
Racine County Executive, Jonathan Delagrave, stated that, “Development along the I-94 corridor has long been a priority for Racine County and RCEDC. This is another milestone to celebrate as we continue making Racine County an economic development hub in southeast Wisconsin.”
“The Village of Caledonia is excited to welcome Zilber Property Group to our community. We are proud that Zilber Property Group found the Village of Caledonia to be a great community to invest in,” said Village President, Jim Dobbs. “We are excited for new businesses and development opportunities that this corporate park will provide the Village of Caledonia.”
“We are pleased to work with Zilber Property Group and the Village of Caledonia to attract new businesses to Racine County with this project,” comments Laura Million, Deputy Director, Racine County Economic Development Corporation. “The new Caledonia Corporate Park will offer a prime location for businesses seeking I-94 access and central connections to Chicago and Milwaukee.”
Chad Navis, Vice President, Zilber Ltd., and Rachel Agba, Director of Industrial Acquisitions, Zilber Property Group, represented Zilber Property Group in the land acquisition and land development entitlement process. Michael Kleber, Director of Industrial Leasing, will represent Zilber Property Group on the leasing of future industrial facilities at Caledonia Corporate Park.
Pinnacle Engineering Group will be providing engineering services and Riley Construction will be performing construction services for the development of park infrastructure.
Zilber Property Group is the trade name under which Zilber Ltd. markets its commercial real estate investment activities. Headquartered in Milwaukee, Wisconsin, Zilber is a privately-held diversified real estate company known for its multidisciplinary capabilities – investing, building and managing real estate throughout the continental United States and Hawaiian Islands for over
For information on future industrial space and build-to-suit opportunities, please contact Michael Kleber, Director of Industrial Leasing – Zilber Property Group at Michael.Kleber@Zilber.com or 414-274-2648.