Ashley Capital has begun renovation of Building IV in Enterprise Business Park, along I-94 in Racine County, Wisconsin. Building IV is 438,000 square feet, was originally a speculative industrial building, and was formerly occupied by Amazon as a last mile distribution facility. It is a flexible cross dock building and can accommodate tenants from 40,000 square feet to 438,000 square feet. Building IV offers 36’ clear height, 76 dock doors, 8 drive in doors, and an abundance of trailer parking. It was completed in early 2020. Ashley Capital plans to restore Building IV to its original shell condition and have it ready for tenant occupancy by the end of summer 2022.
In addition, Ashley has just begun construction of two new speculative buildings at Enterprise Business Park known as Buildings V and VI. Each is a cross dock 390,000 square foot facility divisible to 40,000 square feet. Both buildings are scheduled for completion during the first quarter of 2023 and are now available for pre-leasing. Concurrent with construction of Building V and Building VI, the Village of Mount Pleasant will make road improvements adjacent to Enterprise Business Park thereby providing more efficient access to/from I-94.
When completed, Enterprise Business Park will contain six industrial buildings representing over 2,100,000 square feet of space. Current residents of the Park include CNH, Fresenius, Andis, and Ryder Logistics. Enterprise Business Park is represented by Terence McMahon SIOR and Cody Ziegler of Cushman & Wakefield-Boerke. Co. and John Sharpe and Tom Boyle of Lee & Associates.