Clear Height Properties and investment partner Buligo Capital Partners have completed the sale of a large single-tenant manufacturing and distribution facility at 10200 55th Street in Kenosha, Wisconsin. The industrial property encompasses approximately 354,000 square feet and is configured to support specialized production and logistics operations. The disposition concludes a hold period in which Clear Height focused on enhancing the building’s income profile and long-term stability.
Ryan Bain and Joe Horrigan of CBRE served as the sole brokers on the transaction. Their engagement covered marketing and sale execution for the Kenosha facility, which is positioned within the southeastern Kenosha submarket. The asset benefits from direct highway accessibility and sits between the Chicago and Milwaukee metropolitan areas, offering convenient reach into both regional population and employment centers.
The building is designed as a single-tenant manufacturing and distribution hub and includes integrated laboratory space, lighting paint lines, and other customized production infrastructure. This combination of industrial and specialized production features is intended to support the operational needs of the existing tenant while preserving flexibility for long-term industrial use. The facility’s size and configuration position it as a significant industrial asset within the southeastern Wisconsin logistics corridor.
In advance of the sale, Clear Height executed a long-term lease extension with the existing tenant that includes a corporate guarantee. This lease initiative was aimed at strengthening the credit profile of the income stream and reducing lease rollover risk at the property. By locking in longer-duration tenancy with enhanced credit support, Clear Height sought to align the asset with the underwriting criteria of institutional buyers focused on stable, cash-flowing industrial investments.
Commenting on the disposition, Kevin Bufalino, Managing Director of Asset Management at Clear Height Properties, described southeastern Wisconsin’s industrial market as a strategic logistics corridor that has “fundamentally proven out.” He noted that the credit-enhancing lease extension helped reposition the Kenosha facility for long-term institutional ownership and expressed satisfaction with the outcome achieved for the firm’s investment partner, Buligo Capital Partners. The transaction underscores ongoing investor interest in well-located, fully leased industrial assets that provide access to both Chicago and Milwaukee regional markets.
