May 2, 2016
California company takes chance on Pleasant Prairie
By James Lawson
The California-based Majestic Realty Co. will break ground next week on its first Wisconsin project, a $20 million speculative industrial building that signals an expansion move and is testament to the lucrativeness of Kenosha County’s hot economic development environment.
Projected for completion by year-end, the 424,164-square-foot project has already garnered interest from prospective warehousing tenants, according to Taylor Talt, a Majestic vice president. Shortly afterward, the company will begin marketing phase two, though construction for that phase has not begun.
The 87.5-acre site is located on the east side of 88th Avenue about a quarter-mile south of Bain Station Road.
While Talt did not name companies, he did say he is working with interested parties and is prepared to make adjustments to fit their needs. As proposed for now, the facility could house one, two or four different warehouse tenants.
Meanwhile, all of the utilities are in and there will be connecting roads to Bain Station Road.
Talt said Majestic considered a venture into Kenosha County because the state is business-friendly, and there have been many corporate relocations and expansions in the southeastern Wisconsin region. Companies such as Uline, that moved its headquarters here and is building another facility, and the Amazon complex were among the businesses he cited as influencing the company’s decision to come here.
“Activity in the marketplace has been pretty active,” he said. “There has been a great deal of demand and there are not enough industrial spaces. We felt it would be a very good place to develop.
He also cited how partnerships between the state Department of Economic development, the Kenosha Area Business Alliance and other organizations have formed to attract more business and jobs to the region.
While Majestic may not be able to take advantage of tax credits and other financial incentives, it is using that information in its own recruiting program. The company is making prospective tenants aware of the incentives they can use to expand their operations.
“We are in a sense another recruiter and advocate for relocating companies to Wisconsin.
Talt noted some companies would be willing to relocate or expanding into Kenosha county if they could find a facility to accomodate their office and industrial needs.
While Pleasant Prairie officials have said they want to see more manufacturing facilities in the village, this speculative distribution facility is a welcomed site in a location that has been designated for warehouses.