Pleasant Prairie, Wisconsin based Dermody Properties, a diversified private equity investment management company focused on the national logistics real estate sector, announced that WestRock has signed a build-to-suit lease at LogistiCenter at Pleasant Prairie. WestRock is establishing a Great Lakes regional corrugated operations hub and will require more than 580,000 square feet within Wisconsin’s newest rail-served logistics park.
“We are pleased that WestRock is entrusting Dermody Properties to build its advanced manufacturing facility in southeast Wisconsin,” said Neal Driscoll, Midwest Region Partner at Dermody Properties. “We could not have scripted a better partner to kick off the park, and we look forward to working closely with WestRock and the Village of Pleasant Prairie to complete what we believe will be a best-in-class project.”
The Village of Pleasant Prairie sits at the southern doorstep of Wisconsin and has witnessed considerable expansion in the past decade as local companies have grown. Businesses have been attracted to the state’s friendly business climate, availability of labor and high quality of living. LogistiCenter at Pleasant Prairie — Wisconsin’s only rail-served, build-to-suit logistics park — is part of Dermody Properties’ growing portfolio in the thriving Midwest market.
WestRock announced in January 2024 that it would begin building a new corrugated box plant in Pleasant Prairie to meet growing demand from customers in the Great Lakes region.
“WestRock’s new corrugated converting facility in Pleasant Prairie will use state-of-the-art automation and enhanced capabilities to improve product quality and customer satisfaction,” said David B. Sewell, Chief Executive Officer of WestRock.
“Efficient manufacturing operations generate less waste and reduce energy consumption, contributing to sustainability and further solidifying WestRock’s position as the supplier of choice.”
The logistics park was previously home to a power plant and sits adjacent to substations that can deliver power capacity and provide freshwater service from Lake Michigan.
“Dermody Properties is committed to creating state-of-the-art logistics spaces for our customers, and we are proud to be collaborating with WestRock to fulfill that promise through this build-to-suit project,” said Elizabeth Kauchak, Chief Operating Officer for Dermody Properties.
The new facility is a planned three-building logistics center that will total 2,384,765 square feet of building space with flexibility to accommodate build-to-suits from 250,000 square feet to 1.8 million square feet. This logistics facility offers Wisconsin’s newest and only rail-served BTS site with unmatched power capabilities. Leasing opportunities are available.
“WestRock’s reputation for innovation and sustainability makes it a perfect fit for Wisconsin,” said Missy Hughes, Secretary and CEO of the Wisconsin Economic Development Corporation. “We are pleased they are joining our thriving paper, packaging, and forest products sector, and we are excited by their move to Pleasant Prairie.”
