Milwaukee-based producer
Rite-Hite is spending $17.5 million to buy a brand new industrial constructing in Mount Nice.
State data present an LLC affiliated with Ceremony-Hite bought the property at 13505 Louis Sorenson Street. The constructing, positioned 1.5 miles from the I-94/Freeway 20 interchange, is 204,594 sq. toes. A bit over 2,000 sq. toes of the realm is workplace house. The constructing sits on 12.7 acres.
Last February, an affiliate of Minneapolis-based Endeavor Development bought the location with plans to construct a brand new speculative industrial constructing. Endeavor Improvement makes a speciality of industrial actual property growth, funding and administration.
In March, Ceremony-Hite accomplished development of its new headquarters in Milwaukee’s Walker’s Level neighborhood, consisting of a four-story 159,000-square-foot north constructing and a two-story, 119,000-square-foot south constructing. Each buildings sit on a 9.5-acre campus at 195 S. Ceremony-Hite Manner.
Representatives from the corporate, which makes loading dock tools, industrial doorways, security boundaries and extra, weren’t instantly obtainable for touch upon the Mount Nice constructing buy.
