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Real Estate

Grede sells Wauwatosa foundry in sale-leaseback deal

Hunter Turpin
By Hunter Turpin
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Brennan Investment GroupGrede

Michigan-based Grede, a manufacturer of iron casting and automotive components, sold its original Wauwatosa foundry to an Illinois real estate investor for $5.5 million. Grede, which dates back to its founding in 1920 as Grede Foundries Inc. in Wauwatosa is owned by New York-based private investment firm Gamut Capital Management. The Wauwatosa property, which spans

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