GERMANTOWN, Wis. – August 12, 2026 – F Street has broken ground on Phase 2 of Town 9 Industrial, a 142,295-square-foot Class A, multi-tenant industrial development along Donges Bay Road in Germantown, Wisconsin.

The new building will rise directly adjacent to Town 9 Industrial Phase 1, which is fully leased. Phase 1 demonstrated strong demand for modern industrial space in the Germantown market, and Phase 2 is designed to build on that momentum with flexible configurations for tenants occupying approximately 18,000 square feet or more.

Strategic industrial location serving four counties

Town 9 Industrial sits at the intersection of Washington, Waukesha, Ozaukee, and Milwaukee counties, with convenient access to I-41 and I-45. The location gives manufacturers, distributors, logistics operators, and other industrial users efficient access to the Milwaukee metropolitan area and southeastern Wisconsin.

The Class A facility is planned as a multi-tenant building, allowing F Street to accommodate a range of space requirements while giving growing businesses room to establish or expand operations in Germantown.

Experienced financing, construction, and leasing partners

F Street closed the project’s construction loan with financing partner CoVantage Credit Union. Keller, Inc., the construction partner behind the successful first phase, has returned to lead construction of Phase 2.

Jeff Hoffman and the Cushman & Wakefield | Boerke team will lead leasing efforts. Delivery is scheduled for March 1, 2027.

F Street expands its industrial development pipeline

F Street’s industrial momentum extends beyond Wisconsin. The company intends to break ground in September 2026 on River West Commerce Center, a 110,000-square-foot speculative industrial building in the Phoenix, Arizona market.

With construction underway in Germantown and another industrial project approaching groundbreaking in Phoenix, F Street continues to pursue strategically located commercial real estate opportunities in growing markets.

Shovels are in the ground. Let’s build.

For leasing details and additional information about Town 9 Industrial, visit germantownindustrial.com.

About F Street

F Street is a privately held investment firm focused on real estate, lending, and related operating businesses. The firm identifies opportunities, builds strong partnerships, and creates long-term value across its portfolio.

MILWAUKEE BUSINESS NEWS

The City of West Bend is working with Milwaukee-based real estate company F Street to develop a new business park with potentially more than 1 million square feet of industrial space on the southeast side of the city.

Earlier this week, the city’s Plan Commission rezoned approximately 107 acres near the southwest corner of Rusco and River roads for manufacturing uses. Earlier this year, the city annexed the land from the Town of West Bend in order to connect it to city sewer and water systems, according to city documents.

The development will be known as Crossrail Commerce Center, according to F Street.

F Street is working with commercial real estate firm Colliers to market the property for sale or lease. with concept plans showing up to 10 built-to-suit lots available. A 10-acre lot is shown as having a pending sale.

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ONMILWAUKEE

This has been a bad year for churches designed by architects Brust & Brust.

Over the past few months, St. Bernard in Wauwatosa Village – built in 1955 – came down remarkably quickly, especially considering that former Brust employee and later buyer of the firm, Gary Zimmerman, says the firm’s churches were built like battleships.

Next to fall is Brust & Brust’s St. Aloysius, 1405 S. 92nd St., in West Allis, which was completed in 1957.

Both sites will be filled with apartments. While the ones in Tosa are already underway, clearance of the West Allis site has not yet begun.

The parish was merged, along with two others – Immaculate Heart of Mary and Mary Queen of Heaven – into Mother of Perpetual Help Congregation in 2018 and they all began worshipping at one building, 2322 S. 106th St., three years later.

(A second site at 1121 S. 116th St. includes a secondary worship site, Mary Queen of Saints Catholic Academy, parish offices and an outreach center.)

St. Aloysius hosted its final Mass in May 2021. The school had closed a year earlier.

At that time, Cardinal Capital Management purchased the site, but its plans for the site did not move quickly enough, and now F Street is in the process of buying the site via the City of West Allis.

“The idea is that all the existing buildings will come down and then working our way from the south to the north, we would probably do two-story garden-style apartments,” says F Street’s Director of Project Delivery E. J. Herr. “Those would be walkups with garages and things like that.”

One row of the houses would face 92nd Street and the other, at its back, would face 93rd.

“We’re working with Rinka Architects right now, developing the site plan,” Herr says. “We have preliminary diagrams of how things are to layout, but it’s still pretty early on. Right now we’re looking at about 52 units between those two (garden-style) buildings and another 100 units in the multi-family.”

It’s possible that some of the units could be used as student athlete housing for a nearby college, Herr says.

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MILWAUKEE BUSINESS JOURNAL

Milwaukee real estate firm F Street is taking over the planned redevelopment of a former church site and adjacent properties in West Allis under a plan to transform the site into housing.

The former St. Aloysius church at 1405 S. 92nd St. has been vacant for nearly four years after the parish merged with two other congregations. The city has sought to remove the blighted former church building and replace it with a development such as housing that could help grow the city’s tax base.

F Street, which will be conveyed equitable title to the property by the CDA, is planning a multifamily apartment development that’s expected to increase the site’s assessed value to at least $28.88 million, according to the CDA documents.

The conceptual plan from F Street calls for a $40 million project with 54 townhomes and a 100-unit apartment building with underground parking, Schloss said.

“We think F Street is a reliable, proven developer,” Schloss said.

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