News Summary
TDC Beloit LLC is set to commence construction on a new $20 million warehouse and distribution center in Beloit’s Gateway Business District. The facility will span 200,000 square feet and is expected to create between 50 and 150 jobs over the next decade. The project signifies growth potential in the area, which is already home to major employers. Construction is anticipated to start this October, with TDC Beloit responsible for relocating a water main as part of the development agreement.
Beloit, Wisconsin – A Milwaukee-based developer, TDC Beloit LLC, is set to start construction on a new $20 million warehouse and distribution center in the city’s Gateway Business District this October. The facility will be located at 1505 Gateway Blvd and is expected to span 200,000 square feet as part of an initial phase, with plans for a potential future expansion of an additional 200,000 square feet.
The Greater Beloit Economic Development Council (GBEDC) disclosed that TDC Beloit has entered a preliminary agreement with Central Land Company III for the purchase and development of 42.5 acres within the business district. TDC Beloit has acquired 39.4 acres of this land for $389,000. The project is projected to create between 50 and 150 new jobs over the next decade, although the identity of the company that will occupy the warehouse has not yet been revealed.
Drew Pennington, the president and CEO of the GBEDC, noted that this project reflects the economic growth potential in the Greater Beloit area. Notably, the city of Beloit will not be providing any financial incentives for this development. As part of the development agreement, TDC Beloit is also responsible for relocating a water main at their own expense.
This project marks the second land sale in the Gateway Business District in 2023, following the April sale of 13 acres to Blackhawk Transport for expansion purposes. Established in 2001, the Gateway Business District aims to attract businesses with “shovel ready” sites located near Interstate 39/90. To date, nearly 600 acres in the district have been developed, resulting in over 3.5 million square feet of space and creating more than 3,000 jobs.
The Gateway Business District currently has 15 sites covering 176.4 acres available for sale, positioned east of the interstate near the Illinois-Wisconsin border. Major employers in Beloit include Amazon, Kerry Inc., Staples, NorthStar Medical Radioisotopes, Ecolab, and Kettle Foods, contributing to the area’s economic landscape.
In summary, the construction of the new warehouse by TDC Beloit LLC signifies a noteworthy investment in Beloit’s economic future, promising new job opportunities and further development in the Gateway Business District.
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- WIFR News
- Wikipedia: Beloit, Wisconsin
- Beloit Daily News
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MILWAUKEE STAFF WRITER The MILWAUKEE STAFF WRITER represents the experienced team at HEREMilwaukee.com, your go-to source for actionable local news and information in Milwaukee, Milwaukee County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Summerfest, Milwaukee Film Festival, and the Milwaukee Boat Show. Our coverage extends to key organizations like the Metropolitan Milwaukee Association of Commerce and Visit Milwaukee, plus leading businesses in manufacturing and brewing that power the local economy such as Harley-Davidson and MillerCoors. As part of the broader HERE network, we provide comprehensive, credible insights into Wisconsin's dynamic landscape.
