Market Insights

Coldwell Banker Commercial McGuire Mears & Associates has negotiated the sale of a 488,000-square-foot industrial facility in Freeport

The Kwik Trip store at 3155 Prairie Ave., Beloit, is shown above. South Beloit may be home to a new Kwik Star truck stop near Interstate 90.

The commercial real estate team of Shultz & Mears worked through negotiations as the tenant representative to help Catholic Charities successfully realize their dream of a larger southern Wisconsin presence.

The Beloit City Council approves an affordable housing project with the funds awarded from the The Rock County HOME Consortium.

This architectural rendering shows the exterior of the proposed Woodman’s Sports and Convention Center, the ice arena and indoor sports complex the city and a private-sector group hopes to build adjacent to Uptown Janesville at the site of the former Sears department store.

A preliminary rendering shows hockey players playing on the main ice sheet and the stands at a proposed indoor sports complex at Uptown Janesville. Woodman’s Food Market, the project’s main private sponsor, has kicked in an additional $1 million, boosting the $50 million project’s private-side funding to $5.6 million. Woodman’s previously had committed $2 million for main naming rights for the arena.

A preliminary rendering shows hockey players playing on the main ice sheet and the stands at a proposed indoor sports complex at Uptown Janesville. An updated timeline for approval of the Woodman’s Sports and Convention Center showed the Janesville City Council is not likely to vote on a construction plan until after the spring 2023 election, where four council seats will be up for grabs

Phoenix Investors, which is developing 500,000 square feet of industrial space in Beloit, is just one of several institutional investors that are putting their money into industrial development projects in the Janesville-Beloit corridor.

The commercial real estate team of Shultz & Mears represented the buyer and seller in a transaction for the buildings located at 946 & 966 Center Ave in Janesville. The sale has given a renaissance to the former Babcock Outdoors property, becoming the new home of contractor Avondale Roofing.

(Rock County, WI) No doubt, the elements of uncertainty and skepticism weaved their way into the economy during the third quarter of this calendar year. Despite those macro-level conditions, the local economy managed to generate a few noteworthy benchmarks. These items, as well as others, are highlighted in today's release of the Q3 2022 Rock Ready Index.