Transwestern today announces it has been retained as the exclusive listing agent for the former Dairyland Greyhound Park, located at 5522 104th Ave. in Kenosha, Wisconsin. Rebranded as the Midwest Innovation Center, the 228-acre site is only 6.6 miles north of the Illinois border and can accommodate up to 2.3 million square feet, making it ideal for a corporate headquarters campus or business park with space for manufacturing, warehousing and distribution. Transwestern Principal Thomas Boyle and Director Jared Paff are representing the owner, Birmingham, Alabama-based Pari-Mutuel Funding.
“The Midwest Innovation Center’s size and visibility along Interstate 94 has already generated strong interest from prospective buyers that realize this site’s potential,” said Boyle. “It is one of only a few properties in Kenosha and Racine counties that can immediately accommodate a single building up to 1.2 million square feet. And because infrastructure is already in place, construction can begin much sooner than at other properties nearby, where issues like wetlands mitigation and public entitlements have yet to be resolved.”
A conceptual plan for the property includes five buildings ranging in size from 120,000 to 650,000 square feet. Pari-Mutuel Funding prefers to sell the site in its entirety.
Vacant since 2009, the property is located along I-94 at a four-way interchange with 52nd Street/Highway 158. The area has emerged as one of the Midwest’s premier e-commerce and fulfillment center corridors, with recent nearby developments by online retailer Amazon.com and packaging materials distributor Uline Inc.
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