posted on December 15, 2021
(Janesville, WI) Zilber Property Group (ZPG) is continuing its investment into the Janesville-Beloit MSA, by adding another 300,000 SF to its Janesville industrial portfolio. Construction is scheduled to begin Spring 2022, with an anticipated Q4 2022 market delivery date. This new industrial / warehousing facility, much like Zilber's other Janesville investments, will be located in the City's Beloit Ave. Industrial Corridor.
“We are thrilled to have the opportunity to continue our development activities in the City of Janesville,” stated Chad Navis, Director of Industrial Investments for ZPG. “This site offers us the ability to invest in a growing and dynamic market; and a community we are confident will continue to exhibit strong economic and geographic fundamentals that have proven effective in attracting high-quality, industrial users. We look forward to working with our extended public / private sector team on delivering another successful project.”
Over the last four years, ZPG - which is headquartered in Milwaukee and is the trade name that Zilber Ltd. markets its commercial real estate activities - has been very active in the Janesville-Beloit MSA. To date, the aggregate impacts of ZPG's I-39/I-90 Corridor new construction and existing portfolio acquisition activities are approaching nearly two 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, "These investments continue to provide important growth-related assets that assist with fueling the economy of the Janesville-Beloit MSA forward."