Growth and expansion fuel building
transition:

Adam Shultz of Coldwell Banker Commercial McGuire Mears & Associates represented the seller in a transaction for the buildings located at 946 & 966 Center Ave in Janesville The sale brought neighbor Buzz Impressions across the street, purchasing the building from the seller, a holding company of Avondale Roofing

Situation

Avondale Roofing purchased the buildings in 2022, setting up their first field office
outside of Illinois. After an extensive office renovation and exterior painting of the
buildings, Avondale set to work growing its presence in the southern Wisconsin
market. After one year of occupancy, however, faster-than-anticipated growth and
staff hiring quickly made the operation tight on space. Ownership then got
together with Adam Shultz to discuss future options.

ACTION

Ownership decided that the only way to keep up with company growth was to
purchase a new property. The Coldwell Banker Commercial team assisted in
completing a southern Wisconsin market search for both suitable buildings and
vacant land in order to analyze the costs of a build-to-suit project. In the end, an
existing 15,000 square foot on market property sitting adjacent to city of
Edgerton owned vacant land was selected as the ideal new location. Once the
new property was under contract, Adam set to work listing 946 & 966 Center Ave.

RESULTS

• Thirty day seamless closing with a sale price of $81.63 per square foot.
• Less than six months on market and the property laid out turn key for
the neighbor to move right in and make it their own.
• Avondale Roofing found a new home in the Rock County market,
providing the perfect amount of office, warehouse, and yard space for
their growing company with opportunities for future expansion on the
adjacent vacant land.

"Adam has helped me multiple times with transactions. Found me a great spot
on Center Ave two years ago and when we outgrew that location he helped
find our new home in Edgerton and sell Center Ave to new buyers! Highly
recommend!"

- Ryan Collett, Avondale Roofing