IMS Rents 626K in Hot Wisconsin Market

KENOSHA, WI—The owners of big, modern industrial spaces in southeast Wisconsin are breathing a sigh of relief. The recession left some of these buildings, built in the run-up to the economic crash, less-than-full or even empty for years. Now, however, all hum with activity, says Whit Heitman, a principal with Chicago-based Paine/Wetzel / TCN Worldwide. He recently helped complete a 314,249-square-foot lease to Integrated Merchandising Systems in an industrial building located at 10100 58^th Place in Kenosha, Wisconsin, near the Illinois border. LaSalle Investment Management owns the 626,784-square-foot facility, now entirely occupied by IMS. The company leased the initial 312,500-square-feet last year and has consolidated operations from facilities throughout the market into this one, modern structure.

Samuel Badger, senior vice president; and Brad Weiner, vice president of Paine/Wetzel / TCN Worldwide, along with Andrew Beckler of Feld Real Estate, also helped represent IMS in the transaction.