Somers, WI — March 2022 — Lee & Associates, the largest broker-owned commercial real estate firm in North America, has closed a land sale transaction for 132 acres located at 1735 120th Avenue in Somers, WI. The parcel is located just off I-94 near the Burlington Road full interchange.
Tom Boyle, SIOR, Principal at Lee & Associates’ Illinois office, represented the buyer, Becknell Industrial, in the purchase from a private owner.
“We have acquired 132 acres of Class A land with great access and superior visibility along I-94 in Somers, Wisconsin” said Matt Neumann, Senior Vice President of Becknell Industrial. “We have worked with many municipalities across the country, and Somers has been a great partner. We look forward to delivering to our customers best-in-class industrial product in this vibrant market.”
Becknell is developing Somers Logistics Center, a 795,471 square foot speculative industrial building featuring 40’ clear height, 148 loading docks, and 184 trailer parking. The building will be delivered fourth quarter 2022 and is being marketed by Lee & Associates. The site also allows for an additional 1 million square feet of development.
Conceptual Rendering courtesy of Becknell Industrial
About Lee & Associates
Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog.
About Becknell Industrial
Becknell Industrial specializes in the development, investment and management of industrial properties across the United States. The company currently owns interests in 193 properties totaling more than 34 million square feet. Vertically integrated, Becknell is responsible for every aspect of the project providing the decision-making authority and expertise to meet client expectations for a high-performance facility delivered on time and on budget. More information about Becknell is available at www.becknellindustrial.com.