High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Chicago & Midwest  + Midwest  + Industrial  | 

Hillwood Buys Racine County Parcel for Spec Industrial

Hillwood has acquired two fully-occupied logistics facilities totaling 338,000 square feet and 58 acres of vacant land within Grandview Business Park in Racine County’s Yorkville, WI.

The buyer didn’t disclose deal terms. BizTimes Milwaukee reported that Hillwood paid $33 million for the development site and the two adjacent buildings at 1800 and 2000 S. Sylvania Ave.

“Initial development plans for this site include two speculative industrial buildings, that will total just under 200,000 square feet each and can accommodate a variety of users from 25,000 square feet,” said Don Schoenheider, Hillwood’s SVP and market leader for the Midwest. “We expect to break ground this summer for early 2020 delivery.”

Schoenheider, whose company is also developing a distribution facility for Amazon in nearby Oak Creek, told BizTimes Milwaukee that the Yorkville project will seek a mix of tenants to fill the space.

Get Chicago News in 150 Words

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With Hillwood's Schoenheider

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Sale/Acquisition