(Janesville, WI) Zilber Property Group (ZPG) is once again investing in the Janesville-Beloit MSA, by announcing that it is adding 356,000 SF to its Janesville industrial portfolio. Construction is scheduled to begin soon, and Q3/Q4 2021 is the targeted market delivery date. Various value-added, manufacturing and warehousing elements will be incorporated into the building profiles to facilitate flexibility - as well as appeal from certain industries. Both properties will be located in the City's Beloit Ave. Industrial Corridor.
"Janesville is a business-friendly community, with active economic development agencies, and we look forward to working with both to make these projects a success," stated John Kersey, Executive Vice President, Zilber Ltd.
ZPG, which is headquartered in Milwaukee, is the trade name which Zilber Ltd. markets its commercial real estate activities. With the addition of this pair of 178,000 SF buildings, ZPG's total real estate holdings in Rock County will be more than one million square feet.
The City of Janesville facilitated this development by providing a Tax Increment Financing (TIF) package.
According to James Otterstein, Rock County Economic Development Manager, "Strategic real estate investments in the Janesville-Beloit MSA are continually positioning the area's economy to capitalize on growth and diversification opportunities."