High Point Office Park 11 Properties in Madison, WI

CBRE, as the exclusive advisor to the owner, is pleased to present a rare opportunity to acquire a 15.07-acre infill site ripe for redevelopment or repositioning. Located on the vibrant west side of Madison, Wisconsin, High Point Office Park currently features 216,621 square feet of rentable space in 11 single and multi-story flex and office buildings. Nearby employer demand drivers include Exact Science, University Research Park, TruStage Insurance, UW-Madison, UW Health and Epic Systems. The property location boasts frontage on the Beltline Highway, with ~69,000 vehicles per day. Nearby uses include the newly developed 191-unit Revely Apartments, Marcus Theatres, an adjacent REI Co-op and immediate proximity to the thriving 829,719 square foot super regional West Towne Mall, anchored by Von Maur department store and others, including JC Penny, Hobby Lobby, Dick’s, Nordstrom Rack, Barnes & Noble, Total Wine, Dave & Buster’s, Athleta, and numerous dining options.
The property could be redeveloped into a residential community, resurrected as an office park, or a combination of the two by retaining the single-story buildings along Zor Shrine Place on the eastern portion and developing residential around the pond on the west side.
West Madison features one of the oldest multifamily submarket inventories in the Madison market, with 59% of housing stock built prior to 1980. Over the past decade, West Madison saw only a 30% inventory growth, compared to an average of 50% across Dane County. In the face of an anticipated addition of 115,000 new residents by 2050, the City of Madison is promoting more aggressive development strategies for housing.
Madison’s multifamily fundamentals have consistently been among the best in the country for the last several years and is one of the most supply-constrained markets in the United States.
Visit http://www.highpointofficeparkcbre.com/ for additional information