KTR ACQUIRES 271,057 SQUARE FEET IN SOUTHEAST
PRESS RELEASE FOR IMMEDIATE RELEASE Contact Britt Sanders KTR Capital Partners 212-710-5076 [email protected] KTR ACQUIRES 271,057 SQUARE FEET IN SOUTHEAST WISCONSIN SUBMARKET OF CHICAGO New York, NY – February 17, 2015 – KTR Capital Partners (“KTR”) announced today that an affiliate closed on th the acquisition of a 271,057 square foot modern distribution building located at 11200 88 Avenue in Pleasant Prairie, Wisconsin. Constructed in 1998, and later expanded in 2008, this cross-dock facility features 25 to 32 th clearance height, ESFR, T-8 lighting and 65,692 square feet of two-story office. Additionally, 11200 88 Avenue is complemented by 31 dock doors, 460 auto parking spaces, 39 trailer parks and a 131 foot truck court. The property is situated on the Illinois/Wisconsin border within Lakeview Corporate Park and is th immediately adjacent to I-94. 11200 88 Avenue is fully-leased to two tenants. th “Located just and a mile and a half from the Illinois boarder, 11200 88 Avenue is a functional, modern asset with high-image office well-suited for tenants who want to take advantage of the more favorable Wisconsin operating cost environment while still serving the entire Chicago metropolitan region,” said Ryan Stoller, Senior Vice President of Investments for KTR. “The Southeast Wisconsin submarket, which boasts a current vacancy rate of less than 4%, has consistently outperformed the Chicago metropolitan markets and we believe this trend will continue.” Jim Carpenter and Michael Tenteris of Cushman & Wakefield represented the Seller in this transaction. KTR’s footprint in the Chicago market currently exceeds 11 million square feet. KTR CAPITAL PARTNERS KTR Capital Partners is a real estate investment, development and operating company focused exclusively on the industrial property sector. Headquartered in New York City with offices in Philadelphia, Chicago, Dallas, Las Vegas, Los Angeles, Miami and Seattle, KTR has an 89 person platform that manages a series of discretionary value-add investment funds that target opportunities throughout major markets in North America. KTR funds currently own a portfolio of approximately 70 million square feet across North America and provide nearly $7.0 billion of investment capacity. For additional information, please visit www.ktrcapital.com.
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