MLG Capital has grabbed a fully occupied industrial portfolio spread across Wisconsin and Minnesota, anchored by an 11-acre warehouse complex leased to Wantable and a FedEx operation. The deal hands the Brookfield-based firm another logistics foothold in the Midwest and delivers immediate rental income from a mix of national and local tenants. The sale price and the seller have not been disclosed in early reporting.
According to the Milwaukee Business Journal, the acquisition covers multiple properties across both states, with the 11-acre complex specifically identified as part of the package. Reporter Addison Lathers notes that Wantable and FedEx are among the tenants filling that site.
MLG Keeps Doubling Down on the Midwest
MLG has been busy across the region this spring, adding industrial properties to its private funds as part of a broader capital deployment plan. In an April press release through GlobeNewswire, the firm said acquisitions of this type “align with our strategy of investing in well-located, functional industrial assets below replacement cost,” a comment attributed to MLG’s investment team. The company also highlights industrial holdings in the Minneapolis area on its website, reinforcing its continued focus on the Upper Midwest.
Why Investors Are Zeroing In on Midwest Logistics
Market coverage indicates that investor demand for Milwaukee-area industrial real estate is still running strong, even as vacancy pressures start to ease and institutional players stay active. Marcus & Millichap’s Milwaukee midyear outlook, summarized by WisBusiness, points to limited new large-bay supply and growing institutional interest, a combination that tends to favor fully leased, income-producing portfolios. That climate helps explain why funds like MLG’s are lining up for regional logistics assets.
Tenants and Local Impact
The largest building named in coverage houses Wantable’s Milwaukee fulfillment operation at 5315 S. 3rd St., an address that appears in local business directories and job listings for fulfillment roles. A site listing on MapQuest confirms the Wantable fulfillment center location, while the Milwaukee Business Journal notes a FedEx presence at the same complex. With parcel and e-commerce users in place, the property is positioned to keep warehouse jobs and nearby support services in steady circulation…