For Immediate Release
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MLG Capital’s Private Fund II Announces Latest Acquisition
Milwaukee Airport Distribution Campus – Milwaukee, WI
Milwaukee, WI- June 8, 2016 – MLG Private Fund II, as managed by MLG Capital is pleased to announce the purchase of Milwaukee Airport Distribution Campus, a ±370,972 square foot multi-tenant industrial property. Barry Chavin and Mitch Starczynski of NAI MLG Commercial represented the buyer, MLG Capital. Scott Furmanski of CBRE represented the seller.
The property benefits from its location in Milwaukee, near interstate I-94 General Mitchell Airport. These factors allow the property to draw tenants from a large radius. The surrounding airport submarket is approximately 94% occupied. NAI MLG Commercial will be retained to handle the property’s leasing. The Milwaukee Industrial Market has experienced 22 quarters of positive absorption dating back to Q2 2010.
“We believe this property is strategically located and will be able to provide tenants with quality space in the Milwaukee Market. This industrial portfolio will provide additional product diversity for the investors in MLG’s real estate investment fund” said MLG Capital Principal Andy Bruce.
MLG Capital is a sponsor of private real estate equity funds. Investors in MLG funds benefit from investment in a collection of assets with both geographic diversity and property type diversity.
MLG has acquired over 7,700 multi-family units and approximately 9.95 million square feet of investment property.