486 Baer Dr
Hudson, WI 54016

CALL FOR OFFERS! Ownership has requested that all offers be submitted by close of business on Friday, October 21, 2016. Please submit your offer in the form of a letter of intent and send it to Steve Lysen. CBRE has been retained as the exclusive marketing advisor for the disposition of the Gartner Studios distribution center located in Hudson, Wisconsin. This 147,000 square foot building is leased for 10 years to Gartner Studios, a leader in the print and social stationery, greeting card, licensed digital design, party goods, and specialty food industries, offering more than 18,000 products through more than 15,000 major retail and specialty stores in North America. This warehouse facility features 23' -26' clear height and was designed for single or multi tenancy. Dock high and drive in access along with rail access make this outstanding property attractive to a wide variety of tenants. Gartner Studios has recently renewed their commitment to the property for an additional ten years through the year 2025. Located near I-94 in Hudson, Wisconsin, this property is just minutes east of the Twin Cities Metro Area. The 11th largest industrial market in the U.S. with 333.3 million square feet, Minneapolis/St. Paul has strong market momentum with 23 consecutive quarters of positive net absorption. As of the first quarter 2016, the market is 95.6% occupied and posted 633,840 square feet of positive net absorption. Home to 18 Fortune 500 companies, the Minneapolis metropolitan area benefits from a diverse economy and an unemployment rate of 3.9%, significantly lower than the national rate of 4.9%. Hudson, Wisconsin is part of the greater Eastern Twin Cities Metro Area which currently has a direct vacancy rate of 2.96% which is well below the MSA' s average of 4.9%.