The New Berlin Industrial Development has been 100% leased to ECM Industries LLC, a local manufacturer and distributor of electrical supplies for the construction, maintenance and landscaping industries. Tenant improvements are being completed for a mid-February 2019 occupancy. The building will serve as a mission-critical facility for ECM with its executive offices and primary distribution center to be housed under one roof.
This Class A, state-of-the-art, 192,800 SF industrial building development in New Berlin, Wisconsin, a southwestern suburb of Milwaukee, was designed and built by Briohn Building Corporation. The building has 30 foot clear heights, ESFR sprinklers, trailer storage, and high-quality finishes. It is owned by Westminster Realty Partners II LP. CIBC provided construction financing.
About Westminster Capital
Westminster Capital manages real estate investment strategies on behalf of private wealth capital, including sponsorship of closed-end investment funds and separate account portfolios totaling $860 million of investor capital. Westminster Capital makes commercial property investments throughout the United States across Industrial/Distribution, Apartments, Medical Office and Senior Living properties offering Value-Add to Opportunistic risk-reward returns. Such work includes rebuilding income streams of existing properties, or manufacturing them through new construction. The firm employs careful investment underwriting and pursues well-funded tenants motivated by powerful, long-term secular trends in their needs for such properties. Founded in 1988, the firm is headquartered in Lake Forest, Illinois.