Commercial Property Group has successfully negotiated a lease on behalf of the Girl Scouts of Wisconsin Badgerland Council for a property located at Northgate Plaza, 3000 Milton Avenue in Janesville, Wisconsin.  CPG represented the Girl Scouts in the transaction,

Commercial Property Group is pleased to announce the sale of the Hooters Restaurant property in Janesville, Wisconsin as an investment property to a local area investor.  CPG represented both the Buyer and the Seller in the transaction.

Commercial Property Group recently assisted Mercy Hospital in locating 15,000 square feet of warehouse space to lease for their file storage needs in the Janesville / Beloit market area.  CPG represented both the Tenant and Landlord in the transaction.

InWisconsin News Release

8.31.15

Janesville-Beloit MSA Ranked No. 1 in US for Job Growth

According to the 2015 Best Cities for Job Growth, which is an index released by NewGeography.com, the Janesville-Beloit Metropolitan Statistical Area (MSA) was ranked #1 in the U.S. – in the small cities category – for Information Sector Jobs.  This index, which measures and calculates industry sector employment data from the U.S. Bureau of Labor Statistics per their North American Industry Classification System (NAICS), provides a snapshot of a MSA’s present and prospective employment outlook.

MSA employment data was measured and weighted according to the following mathematical computation to 1) recent growth trend: the current and prior year’s employment growth rates, with the current year emphasized (two points); 2) mid-term growth: the average annual 2009-2014 growth rate (two points); 3) long-term momentum: the sum of the 2009-2014and 2003-2008 employment growth rates multiplied by the ratio of the 2003-2008 growth rate over the 2009-2014 growth rate (one point); 4) current year growth (one point); and 5) the average of each year’s growth rate, normalized annually, for the last 10 years (two points).

The weighted index score for the Janesville-Beloit MSA was 99.3. Meanwhile, Rochester (MN) was ranked #2 with a total weighted score of 94.3 Of the Top 20 MSA locations in this specific industry sector ranking, four were from Wisconsin. In the Medium Cities category, the Madison MSA was ranked #6. In terms of overall employment growth, according to all NAICS groupings in the small cities category, the Janesville-Beloit MSA was #71 out of 258. This was an improvement from its 2014 index ranking of #94.

These rankings follow a pattern of consistent, upward trending economic indicators for Rock County, WI. For example, the area’s unemployment and industrial vacancy rates continue to fall pre-Great Recession levels. Sales Tax collections remain very strong and tracking along a yet projected year of record-setting collection figures. Residential price points and transaction activities have returned to their pre-Recession levels, respectively. Meanwhile, the number of bankruptcy and foreclosure filings for the area are declining. Growth and usage, as reported by Alliant Energy’s electric meter data, continue to climb upward. Lastly, the number and scope/scale of the commercial and industrial projects announced throughout Rock County is extremely steady. This data, as well as other relevant marketplace information, can be found online by visiting www.RockCountyAlliance.com .

NewGeography.com is devoted to analyzing and discussing economic development, metropolitan demographics, and community leadership. It is a joint venture of Joel Kotkin and the Praxis Strategy Group .

– See more at: http://inwisconsin.com/news/janesville-beloit-msa-ranked-no-1-in-us-for-job-growth/#sthash.IF4P2xAA.dpuf

This article was originally published by the Beloit Daily News on Friday, June 12, 2015 by Whitney Helm whelm@beloitdailynews.com

The old Arby’s restaurant in the Milwaukee Road business corridor will have a new tenant later this summer.

National chain restaurant Noodles and Company will be moving into the building at 2900 Milwaukee Road. The building has been vacant since last July when Arby’s moved to its new location nearby.

“I’m really excited to see another national chain choose Beloit,” said Joel Patch, partner at Commercial Property Group, who brokered the deal.

Patch said the deal had been in the works for the last year and finally closed on Wednesday. Arby’s moved to the 9,000-square-foot retail center in 2014, vacating the free-standing property it had occupied.

There is currently no information on how many jobs the opening would create.

The plan, Patch said, is to do some exterior work which will look similar to the business center and gut the inside. The construction work is being done by Corporate Contractor Inc. (CCI) and is likely to begin next week.

Patch said his kids were really excited for the new place to grub.

“I often ask them ‘what do you want to see?’ My kids were really excited about Noodles and Company,” he said.

Noodles and Company is a Colorado-based restaurant specializing in “fast-casual” dining. The restaurant features sandwiches, salads, soups and of course noodles.

In the Stateline Area there are Noodles and Company restaurants in Janesville, Machesney Park and Rockford.

The restaurant is slated to open in late summer.

This article was originally published by the Beloit Daily News on Tuesday, May 26, 2015 4:37 pm

View Original Article on Beloit Daily News Website

By Whitney Helm whelm@beloitdailynews.com

Trucking company Lynn Transportation of Edgerton will be moving to the Town of Beloit within the coming months.

Owner Mark Neal said he was looking for a new location in Rock County after being forced to move from the property he rented in Edgerton.

“I feel it’s really important for me to own something. It’s the gateway,” he said of the Beloit area.

Neal lives eight miles west of the city and said many of his 19 employees live in the area. Upon moving, he said he would like to hire eight additional people including three truck drivers.

The new property is located at the corner of Townline Road and Waters Road. It was sold for $50,000.

“The Town of Beloit has been great to work with,” Neal said. “With every request that I’ve had, the response has been immediate.”

The deal was brokered through Joel Patch of Commercial Property Group, who said after looking at various locations, he found the perfect one in the town.

“It was the right location, the town’s been great to work with,” Patch said.

Neal started the company in 2008, when it was located in Stoughton, Wis. before moving to Edgerton in 2011.

The deal is expected to be finalized next week and a site plan will be presented to the Town of Beloit’s Planning Commission in June.

This move marks a slow push from new businesses and expansions coming to the town, mostly notably the new $775 Alliant Energy power plant and The Beloit Club.

“I think the business climate is positive,” said Town Administrator Brian Wilson.

CPG is pleased to announce the sale of 1712 Cranston Road in Beloit, Wisconsin.  The property has been home to Voigt’s Music store since 1998, and was sold to a local investor.

Plans call for exterior and interior renovations to prepare for a new tenant.  Commercial Property Group represented the Buyer and the Seller in the transaction.

“We wanted to work with an organization with extensive market knowledge to represent our group in this acquisition” commented the buyer, Jamin Arn of Arn Properties, Inc.  “Commercial Property Group’s intimate knowledge of the market has produced positive results, I would also say it was a perfect timing purchase for us.  “We had a client ready to move in and Joel was able to put together the deal in a matter of days”.

Voigt’s President Tony Farrell Jr. said “Joel Patch and Mike Venable of Commercial Property Group have been an integral part of our store consolidation effort.  Not only were they able to sell our Cranston Road property earlier than expected, they also helped negotiate the successful lease of our future store at the former Rock County Appliance in downtown Janesville.  We simply could not have accomplished any of this without their professional guidance.”

“We are pleased to deliver yet another successful transaction for our clients.  Everyone worked together and we couldn’t be happier for both sides,” stated Joel Patch of CPG.

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