A subsidiary of Minneapolis-based Endeavor Development recently purchased a 13-acre site southeast of SE Frontage Road and Louis Sorenson Road in Mount Pleasant, state records show. The company plans to build a 204,000 square foot industrial building…
A Minneapolis subsidiary based Effort Development recently purchased a 13-acre site southeast of SE Frontage Road and Louis Sorenson Road in Mount Pleasant, according to state records. The company plans to construct a 204,000 square foot industrial building on the site, said Brian Schack, director of development for Endeavor Development. Construction is expected to begin in the spring and be completed in the first quarter of 2023, he said. The farmland was sold to Endeavor by Thomas S. Hall of Racine for $1 million, according to state records. The site is near I-94 and just northeast of the I-94 and Highway 11 interchange. Schack said his company likes the site because it’s highly visible from I-94 and provides easy access. easy to highway. “It’s a great area for this type of product,” he said. Endeavor Development specializes in the development, investment and management of industrial real estate. The company is working to acquire other sites in the Milwaukee area for specific industrial development projects, Schack said. The I-94 north-south corridor between Milwaukee and the Illinois state line, a corridor that includes Mount Pleasant, remains a hot sport for industrial development with many projects that are either planned, under construction or have been completed recently. The site purchased by Endeavor Development is near Enterprise Business Park, located northeast of Highway 11 (Durand Avenue) and International Drive. New York-based real estate investment firm Ashley Capital recently announced that it plans to begin construction in April on two more speculative industrial buildings at Enterprise Business Park, where it has already constructed three buildings with more than 1.2 million square feet of space.
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