Badger Meter facility in Mount Pleasant sells for $13.3 million

Leased building assessed at almost $9.7 million

Badger Meter Inc. headquarters
Badger Meter Inc.'s headquarters in Brown Deer.

Last updated on May 15th, 2019 at 04:54 pm

Badger Meter’s Mount Pleasant facility has been sold by an affiliate of Denver-based Prologis Inc. for $13.3 million, according to state records.

The 134,000-square-foot facility at 8635 W. Washington Ave. is leased by Brown Deer-based Badger Meter. It is the former headquarters of Racine Federated, which Badger Meter acquired in 2012. The lease runs through the end of 2025, according to securities filings.

Prologis sold the facility, which sits on 24 acres and is assessed at $9,655,900, to Bre Alpha Industrial Property Owner LLC.

A Badger Meter spokesperson said in an email the deal won’t have an impact on operations.

Rich Meeusen, Badger Meter’s chairman, president and chief executive officer, recently told BizTimes the company is in the process of moving about 35 jobs from Arizona to the Racine County facility.

Sign up for BizTimes Daily Alerts

Stay up-to-date on the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin

Arthur covers banking and finance and the economy at BizTimes while also leading special projects as an associate editor. He also spent five years covering manufacturing at BizTimes. He previously was managing editor at The Waukesha Freeman. He is a graduate of Carroll University and did graduate coursework at Marquette. A native of southeastern Wisconsin, he is also a nationally certified gymnastics judge and enjoys golf on the weekends.

No posts to display