Friday, January 31, 2020

Amazon near move into another large building near I-94, creating 300 more jobs

From The Milwaukee Business Journal:'s growth in southeast Wisconsin started with the Kenosha fulfillment center that opened in 2015.
By   – Reporter, Milwaukee Business Journal
 Updated Inc. is in talks to take over another large industrial building along Interstate 94 in Wisconsin and create hundreds of jobs in the process, according to several real estate sources.

The e-commerce giant is in talks to lease the 748,300-square-foot distribution center that Chicago developer Logistics Property Co. built speculatively west of Interstate 94 near the Highway 142 interchange. Logistics Property Co., in a Jan. 17 application to the city of Kenosha, said it is in talks with an undisclosed tenant that is interested in leasing the building for a distribution center with about 300 workers.

Seasonal employment could increase to 500, according to the application.

Real estate sources who spoke on condition of anonymity because it is not yet confirmed that is the prospective tenant. If the deal comes together, it would bring’s footprint in southern and southeast Wisconsin close to 7 million square feet of distribution centers.

The deal with Logistics Property Co. would be for a relatively short-term lease compared with Amazon’s agreements with other developers that build local centers specifically for the online retailer, according to sources. That would likely mean a few years.

Kenosha’s Plan Commission is to review Logistics Property Co.’s application for the unnamed tenant on Feb. 20.

Logistics Property Co. responded to inquiries with an emailed statement attributed to Aaron Martell, executive vice president – Midwest Region, that said “The building is vacant and available for lease.”

Media representatives at did not immediately respond to requests for comment.

The pending lease is another example of Amazon building out its distribution network in Wisconsin. Through the end of 2017, the company reported 3,481 Wisconsin employees that would count toward its state tax credits awards, according to the Wisconsin Economic Development Corp. From 2014 through the end of 2018, it had spent nearly $245 million on projects, according to a report to the WEDC.

No comments: