Liberty Property Trust to build 172,000-square-foot building in Oak Creek

Special to The Freeman

April 3, 2014

OAK CREEK – A 172,000-square-foot industrial building with easy access to Interstate 94 is being planned by Liberty Property Trust for Oak Creek.

The project would be the largest speculative industrial development in Milwaukee in more than five years, and will be available for occupancy in late fall, according to the announcement.

“We are very excited to be first out of the gate on a large, Class A industrial speculative building in Milwaukee. Wisconsin's commitment to its transportation infrastructure, particularly its rapid reconstruction and improvements to Interstate 94, prove its ‘Open for Business’ statement,” said Neal Driscoll, vice president of leasing and development in the region, in a statement. “Bisected by I-94, Oak Creek is an excellent location for regional distribution to the Milwaukee metropolitan market, as well as its proximity to the continuously growing Chicago footprint. We look forward to delivering a high-quality industrial building to fill a hole in the current marketplace.”

The new building will feature advanced fire suppression systems, 200-foot depth, 30-foot clear height, 50 by 50 column spacing, the ability to accommodate high levels of office build-out, a shared 200-foot truck court and extensive parking.

“This investment is yet another indication of the momentum and strength of the Oak Creek market,” said Oak Creek Mayor Steve Scaffidi in a statement. “We look forward to working with Liberty Property Trust as they join the growing list of companies choosing to do business in Oak Creek.”

The architect for the development project is Stephen Perry Smith Architects, Inc., the engineer is R.A. Smith National, Inc. and the general contractor has yet to be named. Neal Driscoll, vice president of development, is Liberty’s project manager.

Liberty Property Trust is a commercial real estate firm, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior office and industrial properties.

http://phx.corporate-ir.net