Wangard Partners, Inc. (WPI) is underway on another brownfield development to be revitalized; this time in West Allis on the former Yellow Freight trucking site at the corner of Rogers and 116th Streets. The development will utilize New Market Tax Credits as well as TIF monies in order to clean-up and redevelop the site. Wangard has also sealed a lease deal with a national distributor that will locate a new office, showroom and warehouse within the development.
Wangard has closed acquisition for the site and is now planning a groundbreaking for two new buildings on the 9.6-acre site located at 11406 and 11528 West Rogers Street.The development abuts Greenfield Park and West Allis Cross Town Connect Recreation Trail and is within three miles of three main interstate arteries within Metro Milwaukee.
The larger building will consist of 72,000 sq. ft. of space and will be located to the east of the smaller building off of West Rogers Street. As the largest distributor of residential and commercial plumbing supplies and pipe, valves and fittings (PVF) in the country, Ferguson Enterprises (Ferguson) will lease the building for a new office and warehouse space. This location will complement Ferguson’s more than 1,350 branches and 19,000 employees throughout the country, while focusing specifically on serving customers in the SE Wisconsin region.
The smaller building will consist of 50,000 sq. ft. and further details are forth coming. This area is home to numerous distributors, manufacturers and building supply companies. Many of whom are interested in the smaller building. Since the location provides phenomenal access to SE Wisconsin it is the perfect place for an industrial “cluster”.
“Wangard seeks development opportunities that inspire the creation of better communities. The former Yellow Freight trucking site provided us with the opportunity to accomplish improvement, while also creating an industrial corridor that will meet the City’s needs as well as promote economic development. With Ferguson locating within the larger building on site, it will spur additional attentiveness to and further development of the area,” stated Stewart Wangard, CEO of Wangard Partners, Inc.
In partnership with The City of West Allis and First Ring Industrial Redevelopment Enterprises, Inc., Wangard Partners structured contributions towards West Allis-based organizations as part of the New Market Tax Credit Program. Receiving organizations promote achievement, development and community foundation programs including the Little League of West Allis ($50,000) and West Allis Community Improvement Foundation ($20,000).
“The City of West Allis is pleased that Wangard Partners has successfully closed the financial package for the properties at 116th and Rogers”, stated Mayor Dan Devine. Devine, added “This important step will start the process to transform an important area of the City with a modern $14 million development that adds new tax base, creates jobs, and provides the quality we are looking for in our community.”
Mayor Devine shared “Thank you to the team of PNC Bank, PyraMax Bank, WHEDA, the US EPA, and the Community Development Authority of the City of West Allis, on working diligently to create a financial package that will result in a successful project.”
View the Milwaukee Business Journal article.
View the BizTimes.com article.