Investment Acquistion: Foxconn Office/Warehouse

9900 Durand Ave (19,500 SF) in Sturtevant, WI - Closed February 2019

Sturtevant, WI – Nordic Realty Partners purchased the industrial building located at 9900 Durand Avenue. The property traded at an undisclosed price. NAI MLG Commercial represented the Seller.

Located on Durand Avenue in Sturtevant, 9900 Durand Avenue is located in close proximity to the developing Foxconn manufacturing campus. The building is comprised of approximately 5,000 SF of office and 14,500 SF of warehouse space.  Nordic plans to make capital improvements and lease the space to one or more tenants.  The building was formerly occupied by Titan Inc., a machinery manufacturing and testing firm, which was acquired by Grand Rapids, Michigan-based Burke Porter Group in 2018 and is relocating to a new and larger facility.

About Nordic Realty Partners – Nordic Realty Partners, LLC is a privately-held real estate development, investment management, and brokerage firm with offices in Los Angeles, Austin and Chicago. Our company offers a complete array of services to help investors optimize their real estate investment portfolio across property types and geographies, based upon their individual goals, risk tolerance and capital needs. 

Investment Acquisition: Racine Foxconn Office Project

13303 Washington Avenue (10,430 SF) in Mt. Pleasant, WI Closed January 2018

We are pleased to announce that a Nordic affiliate closed on the purchase of a 10,430 square foot office/retail building located on three acres of commercial land, adjacent to the planned Foxconn manufacturing campus. We are very excited about the opportunities for the site as the immediate area is experiencing rapid development growth in anticipation of the beginning of construction for Foxconn, which is the largest manufacturing campus development project in the US.

Located on Hwy 20, near I-94, 13303 Washington Avenue is located in close proximity to the recently announced Foxconn manufacturing campus and immediately adjacent to a 156,000 SF industrial building recently leased by Foxconn in Mt. Pleasant Business Park. Johnson Insurance currently occupies the building, but has plans to relocate during 2018, and Nordic Realty Partners will look to add value to the property through re-tenanting the building and developing the surplus land. 

Our ability to move quickly and be extremely nimble allowed us to identify and seize an attractive investment opportunity in advance of the public Foxconn announcement and resulting investor frenzy.  Commercial real estate in close proximity to the Foxconn project has since re-priced significantly upwards.

We have several other projects in the pipeline.  In you are interested in learning more about value-add commercial real estate investment opportunities, please email us or sign up for our mailing list via our Contact page.