Getting the job done for our clients.
In Q2 of 2024 Twelve2 Commercial Group completed 18 Industrial transactions for our clients.
5 Industrial Sold transactions for over $9.7 million in sales.
Those transactions totaled over 170, 000 square feet with an average sale price of almost $84/SF.
A highlight of the sold transactions in Q2 was the building located at 10920 Lincoln Avenue in West Allis. The 109,372 SF building was purchased by the West Allis Commerce Center LLC and White Box Renovations commenced immediately to devise the space into a multi-tenant warehouse/flex unit building. Additional information on the West Allis Commerce Center can be found by clicking below.
On the leasing side, 13 separate leases/renewals on over 140,000 square feet.
The average lease rate on these transactions was just over $8/SF.
Those leases amounted to Gross Volume in excess of $4 million.
The largest of those lease transactions was a 39,594 square foot building located at 13505 Louis Sorenson Road in Mount Pleasant. We were able to secure a favorable lease rate for our client as well as negotiate Landlord improvements to the space prior to occupancy.
