News

From Nashville to Janesville

Jan 12, 2021

Rock Energy Systems, LLC a manufacturer of waste oil heaters founded and headquartered in Janesville, Wisconsin, purchased a competitor located in Nashville. With that acquisition came a new challenge—should they manage the new company as a satellite operation or should they consolidate both companies inside their current manufacturing and warehouse facility in Janesville? After an evaluation of existing floor space, Rock Energy opted for consolidation but realized that they would need more square footage and engaged Coldwell Banker Commercial McGuire Mears & Associates for assistance.

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305,000 SF Hufcor Facility Sells for $7.9 Million

Aug 25, 2020

Coldwell Banker Commercial McGuire Mears & Associates is pleased to have represented ownership in the sale of the 305,000 square foot industrial manufacturing building in Janesville, Wisconsin. Hufcor Inc, founded in 1900, designs and manufactures operable partitions worldwide. The Hufcor business was sold to a private equity firm in 2017, but then-current owner, the Borden Family Trust, retained the real estate.

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Accelerating & Pumping the Brakes: Report Signals Tale of Two Economies

Aug 21, 2020

The Rock County Development Alliance has released its Rock Ready Index for the second quarter. Notable highlights from the economic development dashboard include:

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Two Deals, One Stone

Aug 17, 2020

Increasing e-commerce and food distribution demand was stressing manufacturer Pratt Industries’ production capabilities. Pratt, the fifth largest corrugated packaging company in the United States, had outgrown its satellite distribution facility and needed to expand into at least 100,000 square feet. Finding that space close enough to the production facility was difficult; at the time, the vacancy rate for the Janesville/Beloit market was less than 5%. In addition, Pratt still had more than 12 months remaining on its warehouse lease.

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