Interstate Partners

Name

Interstate Partners

Legal name

Interstate Partners LLC

Website

https://interstatepartners.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Waukesha

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Commercial Property Leasing: Interstate Partners generates revenue primarily through leasing commercial, industrial, office, medical, and retail properties that they develop and own. Revenue is derived from rental income across their portfolio of over 50 buildings totaling more than 5.5 million square feet.
2. Property Development Services: The company develops commercial real estate properties for their own account and manages the entire development process including site selection, government entitlements, project design, construction, and asset management. Development creates value through property appreciation and rental income generation.
3. Asset Management and Disposition: Interstate Partners oversees overall management of developments as well as asset and property management when buildings are complete. Through dispositions, they identify prospective buyers and complete transactions.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Interstate Partners acquires, develops, leases, and manages Class A commercial real estate properties in the Midwest, including office, industrial, medical, retail, and multifamily assets. The company operates a portfolio of more than 50 buildings totaling over 5.5 million square feet across master-planned business parks in Wisconsin, Illinois, and Minnesota, and provides full-service real estate development from site selection through property disposition.

Product overview

Interstate Partners is a commercial real estate acquisition, development, and management firm operating across Illinois, Wisconsin, and Minnesota. The company operates through a platform of master-planned business parks and individual Class A properties, offering site selection, development, leasing, and property management services. Key products include business parks (RidgeView Corporate Park, PARK 151, Prairie Business Park, Boulder Lakes Business Park, Bridge Point Business Center, Muskego Commerce Center East, Bluemound Corporate Park), mixed-use developments (The Grove at Randall), Class A office properties (Two Park Plaza), and comprehensive real estate services covering the entire development lifecycle from site selection through disposition.

Differentiator

Problem solved

Functional benefit

Products and services

• RidgeView Corporate Park A 300-acre architecturally and landscape-controlled business park in Pewaukee, WI, featuring Class A office and industrial buildings with wooded terrain and campus amenities. The signature development of Interstate Partners' Wisconsin operations.
• PARK 151 A master-planned Class A light industrial business park in Sun Prairie, WI featuring multiple commerce buildings totaling over 700,000 SF with excellent I-94/90/39 access. Developed starting in 2017 and reached 100% developed and leased by the end of 2023.
• Prairie Business Park A 60-acre mixed-use business park in Gilberts, IL along the I-90 corridor featuring industrial buildings with up to 276,000 SF and park-like amenities including pedestrian trails.
• Boulder Lakes Business Park A 95-acre master-planned business park in Eagan, MN on Lake Shanahan offering up to 773,500 SF of office and office/tech space with build-to-suit options.
• Bridge Point Business Center A 30-acre master-planned business park in South Saint Paul, MN featuring office/warehouse buildings with excellent I-494 access.
• Muskego Commerce Center East A Class A light industrial business park in Muskego, WI featuring multiple buildings with excellent I-43 access and proximity to retail amenities.
• Bluemound Corporate Park A Class A light industrial park in Pewaukee, WI featuring multiple buildings totaling 175,000 SF with excellent I-94 access.
• The Grove at Randall A 45-acre mixed-use destination development in Elgin, IL featuring restaurant, retail, office and hotel spaces at the Randall Road and I-90 interchange.
• Two Park Plaza A 12-story Class A office tower in Milwaukee, WI offering 197,600 SF with amenities including on-site property management, fitness center, and 10-acre lake with walking trail.
• Commercial Real Estate Development Services Full-service real estate development including site selection/acquisition, government entitlements, finance and investment analysis, project design, construction management, leasing/marketing, asset management, and disposition services for commercial real estate clients.

Named customers12 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Ryan Companies US, Inc. National commercial real estate developer, designer, builder, and property manager headquartered in Minneapolis with deep Midwest presence. Competes with Interstate Partners for build-to-suit office, industrial, medical, and retail tenants across WI, IL, and MN.
• Hammes Partners: Midwest-based commercial real estate developer with significant healthcare, office, and mixed-use activity in Wisconsin and Illinois. Comparable as a regional full-service developer targeting similar enterprise tenants.
• Irgens: Milwaukee-based commercial real estate developer and investment manager with an office, industrial, and healthcare portfolio across the Midwest. Directly comparable vertically integrated model and geographic footprint.
• Trammell Crow Company: Major U.S. commercial real estate developer and investor; previous employer of CEO Francis Brzezinski and Partners Heller and Ebacher. Highly comparable vertically integrated CRE platform with a similarly diversified product mix.
• HSA Commercial Real Estate: Midwest-focused commercial real estate developer, owner, and manager headquartered in Chicago with significant office, medical, and industrial activity. Direct competitor for build-to-suit and business-park tenants in Interstate Partners' core WI/IL/MN markets.
• Wispark Corporation: Former parent/subsidiary of Wisconsin Energy Corporation and prior employer of CEO Francis Brzezinski and multiple current Interstate Partners partners. Operates a similar Midwest commercial real estate acquisition, development, and management model, making it the closest historical comparable.
• McGough Development: Midwest-headquartered commercial real estate developer and construction firm with offices in Minnesota and other regional markets. Comparable as a vertically integrated developer/builder serving similar enterprise tenant bases in the Upper Midwest.

Broad incumbents

• JLL (Jones Lang LaSalle): Global commercial real estate services and investment firm providing brokerage, property management, and development services. Operates as both an indirect competitor (in-house leasing vs. outsourced brokerage) and an institutional capital source relevant to firms of Interstate Partners' size.
• CBRE Group: Largest global commercial real estate services firm, providing investment sales, leasing, and property management. Competes with Interstate Partners for tenant relationships through brokerage channels and benchmarks Midwest submarket economics.
• Prologis (formerly Duke Realty): Global industrial REIT that acquired Duke Realty in 2022, becoming the dominant institutional owner of industrial/logistics real estate in the U.S. Sets market rents, capital cost benchmarks, and tenant expectations that Interstate Partners competes against in Midwest industrial submarkets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/InterstatePtnrs
• Facebookfacebook.com/Interstate-Partners-167826923279140
• LinkedInlinkedin.com/company/interstate-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Interstate Partners