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Logistics Property Co. Closes on Third Parcel in Kenosha
Logistics Property Company has made its third recent acquisition of land in Kenosha, WI, 50 miles north of Chicago. The 106-acre site is northwest of LPC’s 94 Logistics Park Phase I (pictured), announced this past October, and across 128th Street from the under-construction Uline distribution center.
The newly-acquired parcel will support three buildings totaling 1.7 million square feet, the largest of which will be able to accommodate users with space requirements of one million square feet. LPC will now have 225 acres under control in Kenosha, consisting of over 3.5 million buildable square feet.
“Now that we’re in play in southeast Wisconsin, activity at 94 Logistics Park is fantastic,” said Aaron Martell, LPC’s EVP—Midwest region. “Speculative inventory often leads to build-to-suits, so we wanted to be able to accommodate activity for users larger than 750,000 square feet.”
LPC anticipates closing soon on additional properties in key U.S. industrial hubs.
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