HSA Commercial Real Estate today announced the firm has completed the acquisition of a 68-acre land parcel at Wilmot Road and 136th Avenue in Bristol, Wis., near I-94 and the Wisconsin-Illinois border. HSA Commercial has already received approval to develop a large-scale, multi-phase business park on the parcel consisting of three buildings totaling over 1 million square feet. The development team plans to deliver the first two speculative buildings later this year — a rear-load 157,300-square-foot warehouse building with 31 truck docks and a cross-docked 471,950-square-foot distribution center with 72 truck docks.
“Even without putting a shovel in ground yet, there’s already a lot of interest from prospective large-scale tenants to be part of this new business park in Bristol,” said Bob Smietana, vice chairman and CEO of HSA Commercial Real Estate. “We think that really speaks to the velocity of economic development near the border in southeast Wisconsin as well as the superior building and campus design.”
Development of the business park, known as the Bristol Highlands Commerce Center, is being spearheaded by Tim Thompson, HSA Commercial’s executive vice president and managing director of industrial brokerage. Its campus design includes generous setbacks, sizeable walking paths, an upgraded detention pond, enhanced landscaping and common monument signage features. Each of the three buildings at Bristol Highlands Commerce Center will feature clear heights ranging from 32 to 36 feet, with generous trailer and employee parking. In addition to the two buildings being constructed as part of the project’s first phase, there will be a 25-acre parcel remaining that can accommodate up to a 450,000-square-foot building to be developed on spec or as a build-to-suit.
“With the unprecedented amount of business and development activity in southeast Wisconsin along the I-94 corridor — driven by Uline, Amazon and others — as well as the relative scarcity of available warehouse space in the market, we believe that the timing for Bristol Highlands Commerce Center is truly ideal,” Thompson said. “In addition to the quality of the construction, we’ve been very thoughtful in designing a pleasant campus environment that will help our tenants attract and retain employees and will integrate well with the surrounding community.”
Riverwoods, Ill.-based Partners in Design Architects will be responsible for the project design, and Brookfield, Wis.-based Pinnacle Engineering is handling the civil engineering. Itasca, Ill.-based Premier Design + Build will serve as the project’s general contractor.