Corrinne Hess
Corri Hess, former BizTimes Milwaukee Reporter.
Airgas Safety sells building in Germantown to move to larger location
Allenton-based Kreilkamp Trucking purchased a 102,000-square-foot warehouse and office building in Germantown from Airgas Safety Inc. for $3.38 million.
The Barry Company worked closely with Airgas Safety over the last couple of years to procure a site for the company’s new 250,000 square foot building and to assist them in the sale of their current building at W185 N11300 Whitney Drive.
“Activity was great and the building showed very well,” said Jim Young of the Barry Company, who worked with Kurt Van Dyke on the sale. “We had well over 30 tours of the property during our marketing campaign from all different industries.”
With this sale, the last available 100,000-square-foot of industrial/manufacturing building in Washington County comes off the market as demand still grows.
“This was one of the only remaining big blocks of space on the far northwest side for users to consider and I think it's going be challenging going forward to place tenants and buyers, unless we see some meaningful construction activity or new vacancy come online in 2016,” Van Dyke said.
Adam Williquette, senior vice president of Anderson Commercial Group, represented Kreilkamp Trucking.
Indiana Investments, LLC, which does business as Kreilkamp Trucking, purchased the property to add to its portfolio. With the purchase, it brings Indiana Investments’ Washington county holdings to more than 800,000 square feet. The company has a user for the building, with exception of about 25,000 square foot office space at the property, Williquette said.
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