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Top 10 things you need to know about the industrial market

Top 10 things you need to know about the industrial market. Adam Matson, Vice President - Industrial. Interesting Market Conditions. #10. Speculative Development. # 9. Interstate Partners - approved for 5 buildings in Pewaukee Majestic - planning 600,000sf; 1,200,000sf in Kenosha County

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Top 10 things you need to know about the industrial market

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  1. Top 10 things you need to know about the industrial market Adam Matson, Vice President - Industrial

  2. Interesting Market Conditions #10

  3. Speculative Development # 9 • Interstate Partners - approved for 5 buildings in Pewaukee • Majestic - planning 600,000sf; 1,200,000sf in Kenosha County • Zilber - 90,000sf in New Berlin • Wanguard - $13,000,000 project in West Allis on 9 acres

  4. Why do we have a shortage of spec development?

  5. Short Term Leases # 8 • Stabilize cash flow for Owner • Cover immediate needs for Tenants • Reduced expenses for Tenants

  6. Tenant Incentives are on the Decrease # 7 • It is no longer a Tenant’s world • Landlords have decreased incentives for tenants this past year such as rent abatement

  7. Elimination of Our Industrial Market # 6 • Mejier • HSA – The Mayfair Collection • Woodman’s – Waukesha • Wisconsin Athletic Club/Froedtert Health

  8. Movers & Shakers… # 5 • Kohl’s • 1,000,000sf • 1,100 employees • $7,000,000 in tax credits • Amazon • United Natural Foods • Rust-o-leum • Kenall Manufacturing Company

  9. Movers & Shakers… # 5 • 300,000sf Information Technology Center • Buying former Pro-Health Care Center for a health and wellness facility • Giving back 104 acres and $2,000,000 in incentives! • Kohl’s • Amazon • United Natural Foods • Rust-o-leum • Kenall Manufacturing Company

  10. Movers & Shakers… # 5 • Kohl’s • 425,000sf • $32,000,000 • Amazon • United Natural Foods • Rust-o-leum • Kenall Manufacturing Company

  11. Movers & Shakers… # 5 • 250,000sf addition • $7,000,000 • 54 new jobs! • Kohl’s • Amazon • United Natural Foods • Rust-o-leum • Kenall Manufacturing Company

  12. Movers & Shakers… # 5 • Kohl’s • Amazon • 350,000sf • Relocating from Gurnee, IL • 400 jobs immediately! • United Natural Foods • Rust-o-leum • Kenall Manufacturing Company

  13. Big Comeback… # 4 • Airport area submarket has significantly rebounded after years of stagnant absorption.

  14. Hot Markets… # 3 • Germantown • Kenosha

  15. What did we get right/wrong about 2013? # 2 • Sale values • Lease value • Lease term • Velocity

  16. 2014 Expectations… # 1 • 2013 is ending on a high note!

  17. Thank you! Any questions?

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