Download PRESS RELEASE West Allis CDA to Heavily Market Two

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Kyle O’Boyle
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PRESS RELEASE
FOR IMMEDIATE RELEASE
September 16th, 2014
WEST ALLIS COMMUNITY DEVELOPMENT AUTHORITY MARKETING TWO DEVELOPMENT SITES
(MILWAUKEE) — After sending out a region wide request for property marketing proposals, the Community
Development Authority of the City of West Allis (CDA) has selected Cushman & Wakefield | The Boerke
Company to market separate development sites within their city limits. The unique opportunities include
development sites such as the highly visible 7.6 acre Six Points development site at the southwest corner of
W. Greenfield Avenue and Six Points Crossing, and an 11.5 acre build-to-suit opportunity at Juneau Highlands
Development site located at 1960 S 67 Place.
The 7.6 acre Six Points Crossing site is just west of the recently built, and fully occupied Six Points
Apartment multi-family development. With recent announcements from large employers, including Johnson
Controls, Children’s Hospital, Brookdale Senior Living, and Konecranes bringing a total of over 1,850 jobs to
the West Allis area, the potential for a multi-family development at the site is likely. “After our preliminary
market study, our research predicts there will be an over 240 housing unit loss in a five mile radius from the
site in the next few years, and with this huge influx of jobs, this area will be in serious need of quality
housing,” said Boerke Company Principal Jack Price, who is marketing both sites with a mix of industrial and
investment brokerage teams at The Boerke Company. “Having a proactive CDA, like what we have here in
West Allis, that is open to providing incentives for high caliber taxable projects at both of these sites is huge
for developers, and if the project is deemed significant for the neighborhood, the buyer could see millions of
dollars in incentives.”
The Juneau Highlands Development, which is located a few blocks south of the Six Points Crossing
site, which is pad ready for up to a 150,000 square-foot industrial or manufacturing building. The site has a
retention pond, access to rail, and is located in a TIF district. “When we secured the listing agreement from
the West Allis CDA, our industrial team immediately saw great potential for this site because of its central
location and access to a strong workforce in the surrounding area,” said Patrick Dedering, who is part of the
Boerke team marketing the Juneau Highlands Site. “It is rare that a build-to-suit site in a great location with
incentives like this one is on the market for long, so we expect buyers and developers to line up quickly for
it.”
The two locations were being marketed internally by representatives at the West Allis CDA, but they
looked to get professional commercial real estate representation for the two sites this summer. “The CDA
was looking for a commercial real estate firm that could take the two sites to any and all interested parties,
whether they would be industrial, multi-family, retail, or investment users”, said Boerke Company Principal
Terry McMahon, one of the listing agents on the two sites. “In the end, we were chosen to market the
properties because we are one of a few firms in the area that has full-fledged industrial, retail, office, and
investment teams, which will really help us drive interest from all segments to these two sites.”
--More—
Six Points Development Site
Juneau Highlands Development Site
ABOUT CUSHMAN & WAKEFIELD l THE BOERKE COMPANY, INC
Since 1921 The Boerke Company, Inc. has been a premier Midwest commercial real estate firm specializing in office, industrial,
retail, healthcare, land, investment, property management, receivership services, and corporate services. Located in
Milwaukee, The Boerke Company is a member of the C&W Alliance – a fully integrated extension of the C&W global platform.
The Alliance consists of specially-selected independent firms, who provide clients with extended geographic reach through elite
commercial real estate professionals and high quality, comprehensive services. Operating as a unified team, C&W and the
Alliance firms integrate the strength of local talent, relationships, and market intelligence with the full capacity of C&W’s
resources and platform www.boerke.com.
Cushman & Wakefield (C&W) is the world’s largest privately‐held commercial real estate services firm. The company advises
and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the
world’s major markets.Within the platform, there are 253 offices in 60 countries globally. www.cushmanwakefield.com
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