Calumet Woods Business Park
1999Year Built |
SoldStatus |
A Successful Joint Venture with Wispark
Calumet Woods was developed by Michael Weiss through the predecessor of General Capital (Midland Development) as a joint venture with Wispark, the real estate development arm of WE Energies. Started in 1994, the park was finished the following year and sold out by 1998. The 45-acre land parcel was purchased from Brynwood Country Club and located directly adjacent to the golf course. The development team obtained Tax Increment Financing from the City of Milwaukee to fund a full array of infrastructure improvements. Several successful businesses are now operating in the park and hundreds of construction and permanent jobs were created as a result of the effort.
KEY THEMES
- Industrial business park development expanded commercial opportunities within Milwaukee's established employment corridor
- Strategic site planning supported flexible industrial and business uses designed to meet evolving market demands
- Well-positioned location provides convenient access to major transportation routes serving southeastern Wisconsin
- Development reflects General Capital's experience delivering industrial projects that support long-term economic growth
- Disciplined development and asset management created a commercial property positioned for a successful disposition
RESULTS
- Successfully completed an industrial business park development in Milwaukee in 1999
- Expanded the availability of quality industrial space supporting regional business and employment opportunities
- Delivered a strategically located commercial asset serving Milwaukee's industrial market
- Demonstrated General Capital's capabilities in industrial development and long-term commercial asset management
- Completed a successful disposition, adding to the firm's established commercial development portfolio
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