The Foundry

Jones Lang LaSalle Americas, Inc. ("JLL"), a licensed real estate broker, is pleased to present The Foundry, an 82-home mid-rise apartment community and the adjacent, fully entitled 143-unit development parcel, located in Middleton, Wisconsin, just outside downtown Madison. Built in 2016, The Foundry offers well-appointed studio, one- and two-bedroom homes averaging 919 SF, featuring quartz countertops, wood-style plank flooring, stainless steel appliances, in-unit washers and dryers, and balconies or patios throughout. Residents enjoy amenities including a courtyard terrace with bocce ball court, fire pit, and gas grilling stations, fenced dog park, fitness center, community room, bike storage, and underground parking. Included in the offering is Aspen Commons, a fully entitled, shovel-ready 1.08-acre parcel approved for a 143-unit, 13-story building immediately adjacent to the Foundry. The Foundry offers investors immediate income upside through a light value-add unit renovation program and the launch of new revenue streams including utilities and cable/internet billback and parking fees all currently included in base rent.

The Foundry overlooks Greenway Station, a 46-acre outdoor shopping center including national retailers like Home Goods, World Market, and Michaels and nine restaurants, and is just a 9-minute drive to West Towne Mall and 20 minutes to downtown Madison. Named a Top 20 Best Place to Live for Families by Fortune Magazine in their last ranking (2024), Middleton is known for its top-ranking school district, affluent neighborhoods, access to Lake Mendota, and suburban employers like Thermo Fishers and Fiskars. Beyond Middleton, the larger MSA Madison is not only the state capital but one of the Midwest's most resilient economies—anchored by Epic Systems, UW-Madison (Time’s #2 US Public University, 2026), UW Health, and American Family Insurance. Time Magazine ranked Madison #5 Best College Town in America and #6 Best Place to Live in the U.S. for Quality of Life in 2026.

The Foundry presents a unique opportunity to acquire a strong-performing, well-located mid-rise with value-add upside along with a fully entitled development opportunity in one of Madison's most desirable suburbs. This opportunity is offered on a free and clear basis. For additional scale, the Foundry is available to purchase with its sister property, The Deco, a 173-unit community built in 2016 that is located 7 minutes away and features an accretive HUD Loan.