About Newlane

For Tom McCrossin, it all started in 2006 at the age of 19 when he purchased a condominium. With the opportunity to join the condo association’s board of directors, Tom learned about large scale property management. His professional background includes serving as a property manager as well as managing restoration of fire/water damaged buildings.

Tom has extensive experience rebuilding homes and renovating building, which started in 2010 through buying duplexes with his wife.

The first industrial warehouse acquisition in 2019 inspired the business to buy vacant buildings with tenants in place to lease space once the property is acquired. In 2020 he added a duplex and a single-family home to the portfolio, while 2021 brought the addition of 100,000 square feet of industrial warehouses, along with a duplex and a whole home revitalization in Milwaukee.

Newlane Management

Mission Statement

To create long-term client relationships by providing needed commercial space to support business growth.

Timeline

2006

  • Purchased a two-bed and two-bath condominium in Milwaukee

2009

  • Completed renovation on the condo and sold the property.

2010

  • Acquired a duplex in Washington Heights, Milwaukee.

2012

  • Procured a vacant duplex in Washington Heights, Milwaukee; completed a full renovation of all mechanicals and fully renovated the building interior.

2019

  • Refinanced the duplex purchased in 2012 and used the funds to partner on buying the company’s first industrial building in New Berlin, WI, a vacant 18,500 square foot building.
  • Renovated the New Berlin industrial building and divided the space into four tenant units.

2020

  • Purchased a duplex in Washington Heights, Milwaukee and renovated the property. Refinanced the property, which is still held in the company portfolio.
  • Acquired a single-family home in Washington Heights, Milwaukee behind the duplex with private money and renovated the residence.

2021

  • Procured and renovated a fire damage single-family home in Washington Heights, Milwaukee.
  • Purchased and renovated a duplex in Washington Heights, Milwaukee.
  • Acquired a 15,000 square foot industrial flex building in Butler, WI; replaced all mechanicals, painted the exterior, renovated the interior and leased the space (currently have one vacancy of 2,400 square feet).
  • Procured a 12,800 square foot industrial flex building in Milwaukee, WI with four acres of land.
  • Purchased a 71,000 square foot Class A building in Pewaukee WI, with four tenants occupying the building.

2022

  • Purchased a 17,500 square foot industrial building in Menomonee Falls; 9,000 office/warehouse square feet available for lease; plan to replace the parking lot and roof.
  • Acquired a 15,000 square foot building in Milwaukee with two acres and billboard along freeway; new lessee has signed a 10-year contract for the entire space.
  • Sold 71,000 square foot Class A building in Pewaukee, WI.
  • Procured a 42,139 square foot building in Brookfield, WI at 12600 Burleigh Road. The primary tenant is Captivate Exhibits, specializing in trade show and event marketing solutions. Newlane Management is occupying 1,400 square feet of the building.
  • In May, Waukesha, WI was added to our portfolio, as we purchased an 82,401 square foot industrial building. Green Bay Packaging – Baird Division is the tenant at 507 Springdale Road.
  • Delta T Systems is the sole tenant at a 20,000 square foot building purchased in May at 2171 State Hwy 175 in Richfield, WI.
  • Newlane Management acquired a nearly 100,000 square foot building in Menomonee Falls, WI at 14700 Commerce Drive.M&M Quality Solutions is the tenant.