MILWAUKEE, WI, April 7, 2023 — F Street has announced that we have completed the funding for F Street Germantown, LLC after raising $4,910,000 through private investors. The initial phase for this project will include the purchase of 38.15 acres, 22.55 acres of which will be used for the construction of a 375,000 sq. ft., 36 ft. clear Class A building. Construction is scheduled to begin later this month.
Currently, the industrial market in Germantown is hovering around 2% vacancy levels. Quality product is being demanded by companies in the Germantown/Washington County industrial sub-market. We are building Class A industrial buildings to meet pent-up and existing demand.
Germantown boasts a robust industrial market with a diverse tenant base of manufacturing, warehousing, and logistic companies. The specific location in Southeastern Wisconsin, access to the highway, safety of the community, and strong labor pool in Germantown and the surrounding areas/counties makes Germantown a desirable place to conduct business.
F Street has partnered with Keller Construction and CBRE for this project, as leasing initiatives have already been underway. The construction timeline is estimated to be 9-10 months, with expected delivery in Q4 2023. Pre-leasing marketing efforts have already begun in conjunction with CBRE, Inc.
Additional development phases for this project are currently under consideration.