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Entries for May 2018

31

(Janesville, WI) Badger Property Investments (BPI) will add another 150,000 SF industrial / warehousing building to the Janesville-Beloit MSA available property inventory. The project, which will be located in the City's STH Business Park on Innovation Drive, will be designed to accommodate single or multi-tenants and have the capability of expanding up to 300,000 SF. Pre-cast concrete, 30' clear height and multiple truck docks represent a sampling of this property's amenities. While the project is slated for a spring 2019 market delivery, its construction schedule can be accelerated. 

Since 2015, this building represents BPI's third speculative, and fifth, industrial / warehousing investment in the Janesville-Beloit MSA. "The city has really been helpful and cooperative in our efforts. Taking on the construction of a large industrial building on spec is not feasible without the city's partnership," said Tom Lasse, BPI principal.

Angus Young Associates will be providing building design and engineering services, while Gilbank Construction, Inc. will be performing construction services. The property is listed with Bill Mears (Coldwell Banker Commercial McGuire Mears & Associates).

To facilitate the project, the City of Janesville approved a Tax Increment Financing package.

According to James Otterstein, Rock County Economic Development Manager, "This additional 150,000 SF will increase the diversity of existing space within the Janesville-Beloit MSA and provide growth opportunities for existing and/or new firms that are relocating into the area."

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16

(Beloit, WI) Mark Maley, WEDC

The City of Beloit is receiving a $250,000 state grant to help finance the redevelopment of a vacant office building into a luxury boutique hotel.

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16

(Janesville, WI) Neil Johnson. Gazette

When the Marriott TownePlace Suites, an extended-stay hotel, opens on Janesville’s northeast side next year, it could help newcomers find stopgap living arrangements as they look for new digs in town.

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15

(Janesville, WI) Angie Kablar, Blackhawk Technical College

On Wednesday, May 16, leaders from Blackhawk Technical College and the University of Wisconsin, Whitewater will take part in a signing ceremony announcing the partnership between the schools’ business programs. The partnership will make the transition seamless for BTC business program students to transfer credits to UW Whitewater’s business program.

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10

(Janesville, WI) Neil Johnson, Gazette

Two Janesville-based companies, Woodman’s Food Markets and Blain’s Farm & Fleet, were included in Forbes’ latest list of “America’s Best Mid-Size Employers.”

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04

(Janesville, WI) Neil Johnson, Gazette

Spending by tourists in Janesville and Rock County continued to climb over the last year, growing about 4 percent compared to spending in 2016, according to state Department of Tourism report released Friday.

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01

(Beloit, WI) Hillary Gavan, Beloit Daily News         

Downtown Beloit will soon to be home to another upscale residential development. Hendricks Commercial Properties is in the process of renovating the former Kerry Ingredients plant, 200 West Grand Ave., into a 70-unit apartment building.

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