Joshen Paper Building
1997Year Acquired |
154,000 SFBuilding Size |
OwnStatus |
Fast track construction for a major national tenant
Michael Weiss, thru the predecessor of General Capital (Midland Development) developed this state-of-the-art distribution facility for the San Francisco Music Box Company, a subsidiary of retail giant Woolworth (now Footlocker). The client required a quick opening for this new Midwest distribution location. Together with our partners, Duke Realty (now Duke Realty, NYSE) and the Bergman family, we quickly worked through the client’s detailed requirements and produced this 153,600 square foot facility in a compressed construction schedule. Together with advisor and broker Sam Dickman, we developed a convenient site utilizing land in the City of Milwaukee land bank. The building is partially leased to Joshen Paper, with approximately 40,000 sf available.
KEY THEMES
- Large-scale industrial property provides flexible warehouse and distribution space within Milwaukee's established Granville industrial corridor
- Strategic location supports efficient access to southeastern Wisconsin's regional transportation and employment network
- Long-term ownership reflects General Capital's commitment to disciplined industrial asset management and portfolio stewardship
- Functional industrial design supports warehouse, distribution, and commercial operations within a substantial single-building footprint
- Established property contributes to General Capital's diversified portfolio of industrial assets throughout southeastern Wisconsin
RESULTS
- Maintains a 154,000 SF industrial property within Milwaukee's established Granville business district
- Provides significant industrial space supporting warehouse, distribution, and operational requirements
- Established a long-term commercial asset within one of Milwaukee's prominent industrial corridors
- Continues to operate as part of General Capital's owned commercial real estate portfolio
- Demonstrates General Capital's long-term experience investing in and managing large-scale industrial properties
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