After lining up four Kenosha County transactions in as many months representing nearly 350,000 square feet of industrial space and 132 acres, broker Thomas Boyle called the current level of activity “unparalleled.”
“I hope this phase of the economic cycle lasts forever; we all know it won’t,” said Boyle, a principal with brokerage Lee & Associates in Illinois.
The most recent of Boyle’s Kenosha County deals added 100,000 square feet to the existing lease for Nosco Inc. That is on top of 172,280 square feet Nosco took over last year when it moved its corporate headquarters to Pleasant Prairie from Gurnee, Illinois. The company makes and distributes packaging for health care products.
“We continue to focus on supporting customer needs during this unique time in history,” said Nosco president Craig Curran. “To do so, we need additional space to support the growth in our customer requirements. This new expansion and existing long-term lease will allow us to expand warehousing operations significantly, while making room for more manufacturing as growth continues.”
Boyle said the expanded lease will mean about 25 more jobs in that facility. The Nosco facility is at 11200 88th Ave. in the LakeView Corporate Park and belongs to an affiliate of the Mapletree Industrial Trust.
Boyle also helped secure more space for Trifinity Specialized Distribution, another company that moved from Illinois to Kenosha County. Trifinity in January moved into almost 150,000 square feet at 8505 100th Place in Pleasant Prairie under a sublease agreement with Cree.
Read more at the Milwaukee Business Journal.