CenterPoint Properties Signs Seven Year Lease with Cree Lighting
Posted By Staff Writers On May 3, 2017 @ 5:18 pm
CenterPoint Properties Signs Seven Year Lease with Cree Lighting in Pleasant Prairie, WI
PLEASANT PRAIRIE, WI –CenterPoint Properties is proud to announce the long-term lease for Cree Lighting at 8505 100th Street. Cree will occupy 147,877 SF of the 256,240 SF facility whose footprint incorporates room for future growth and expansion. Karl Weidenman, of CBRE, represented Cree in the transaction.
Cree is a market-leading innovator of lighting-class LEDs, LED lighting and semiconductor solutions for wireless and power applications. The company is uniquely positioned to innovate new ways in which lighting will serve as a platform for emerging technologies and capabilities that will enrich lives, improve society and safeguard our planet.
“We are excited to add Cree to our existing list of tenants and look forward to a long partnership together for years to come,” said Jim Shields, Vice President, Regional Manager at CenterPoint Properties.
The building was rehabbed in 2010 and features 239 parking spaces, 28’ clear heights, 25 exterior doors, four drive-in doors, insulated pre-cast concrete panels on the exterior, 40’ x 50’ typical bay size, wet sprinkler system, gas heat and electric cooling.