Enterprise Business Park, located in Sturtevant, WI, is expanding west into Mount Pleasant WI. The developer of Enterprise Business Park, Ashley Capital LLC has purchased 48.5 acres between the existing Park and International Drive in Mt. Pleasant. The expansion, known as Enterprise West, will accommodate two 390,000 square foot industrial buildings. Construction of the first building could begin as early as 2022. When completed, the Park will consist of 6 building totaling more than 2.1 million square feet.
Gary Rosecrans, Vice President of Ashley Capital, shared “We have been pleased to work with both the Village of Sturtevant and Mount Pleasant—on Enterprise Business Park. Expanding the Park to the west will provide improved access to/from I-94 for companies in the existing Enterprise Business Park.” Ashley Capital began developing Enterprise Business Park East several years ago with the acquisition of 90 acres of farmland. The first building constructed was a 376,000 square foot speculative industrial building now leased to four tenants. The second building built in the Park was a 438,000 square foot speculative industrial building and leased to Amazon.
Ashley Capital most recently delivered a 397,000 square foot speculative industrial building that is currently available for lease. John Sharpe and Tom Boyle of Lee and Associates, along with Terry McMahon and Cody Ziegler from Cushman & Wakefield Boerke co-list space for lease—in Enterprise Business Park.
Terry McMahon, principal at the Boerke Company stated “Industrial real estate vacancies have remained at historic lows.” McMahon added “the market should continue to absorb new construction, especially along the I-94 corridor where Enterprise Business Park is located.”