MILWAUKEE - Miller Waste Mills, Inc. d/b/a Acrylics USA recently leased 71,620 square feet of space located at 21800 Doral Road, Brookfield, Wis. from a private investor.
David Barry and Kurt Van Dyke of Cassidy Turley Barry represented the lessor. Scott Furmanski of CBRE represented Acrylics USA.
Acrylics USA, a plastics manufacturing company in Waukesha, Wis., was purchased recently by Miller Waste Mills under the name RTP Company. Upon purchasing the company, RTP determined that it would move and grow the Acrylics USA operation into a larger manufacturing building. After months of searching, they found the perfect building at 21800 Doral Road.
The lease with Miller Waste Mills fills up all of the vacant space at 21800 Doral Road, as David and Kurt leased another 20,000 square feet to Pieper Power last month. “The full lease-up of this building takes another large chunk of industrial space off the market,” said David Barry. “At this time, there only remains one vacant, freestanding industrial building in all of Waukesha County in excess of 75,000 square feet. That fact alone is a testament to two things: lack of construction in the industrial sector for the last 10 years and strong demand in the past year+ for industrial space. Coincidentally, over the past 12 months, we have seen a number of new industrial buildings start construction in the Milwaukee metro area and more are planned. Needless to say, it is a good time to be an owner of industrial real estate in our market because demand is high and supply is low.”
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,800 professionals in more than 60 offices nationwide. With headquarters in Washington, DC, the company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2012, manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 23,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.
Cassidy Turley provides regional real estate services with local Milwaukee market leader Cassidy Turley Barry. Cassidy Turley Barry is the winner of five consecutive Deal of the Year awards from the Commercial Association of Realtors-Wisconsin (2008-2012), three consecutive Best Deal/Lease of the Year awards from The Business Journal (2009-2011) and was awarded the 2010 Brokers of the Year honor by Riverworks Development Corporation. Most recently, Cassidy Turley Barry president, James T. Barry III, was awarded the 2013 Realtor® of the Year award from CARW.