The park land is a former dumping site, but is the only available land for industrial development, says Peter Ginn, regional director for the trust's Milwaukee region. "The trouble with Waukesha County is that there's been very decent growth. Any land that's become available for development has been taken for office, retail, residential and medical, because industrial can't pay as much. There just hasn't been a lot of big sites for industrial," he tells GlobeSt.com. The developer was able to get a TIF district for the property to help with infrastructure and pollution clean up, he says.
Construction will start on the $15-million, cross-docked Quad/Graphics building in the fall, with completion expected in the first half of 2009, Ginn says. "The company is one of the top three printers in the US, and its competitor Quebecor just declared bankruptcy, so this project, with the company expecting more business, went from 300,000 sf to almost 400,000 sf almost overnight," he says.
Ginn says the trust has three more sites in the park, of between five to seven acres each. "We can do build to suits with other companies, or can outright sell them," he says.
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