For the past decade, momentum has grown along the I-94 north-south corridor, with several companies from Illinois moving north of the state line and bringing hundreds of jobs with them. What brokers and developers are beginning to discover is the I-43 corridor from New Berlin to Janesville could offer employers the same benefits.
Milwaukee-based Zilber Property Group has been bullish on the I-43 corridor for some time. In late March, the company bought out its partner, the Luterbach family, to acquire full ownership of the Towne Corporate Park in New Berlin in a $29.2 million deal. The six-building business park, at I-43 and South Moorland Road, totals 430,000 square feet and is fully occupied.
In fall 2017, Zilber purchased the former John Deere distribution center in Janesville. The 489,000-square-foot industrial building sits on 61 acres and can be expanded to 1.1 million square feet, said Michael Kleber, director of leasing for Zilber. “We have bookends with the New Berlin park and 61 acres in Janesville,” Kleber said.