3rd Qtr 2020 Newsletter
October 01, 2020
3rd Quarter 2020
|3 Quarters Into 2020 - Now What?|
|Team Judson Editorial:|
|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!
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
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)
176,960 SF Executive Office Building
587 Surface Parking Space
Sale Price: $13,500,0000
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
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
1,504 SF Office Space for Lease
New Construction with Private First Floor Entry
Customizable Open Floor Plan
Lease Rate: $14.00 PSF NNN
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
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
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
Enjoy this Delicious Comfort Food/Brunch Recipe: