Home Industries Real Estate California investor buys Milwaukee industrial building for $16.4 million

California investor buys Milwaukee industrial building for $16.4 million

Carmen Ave. building built as spec now houses Materion operation

By
Cara Spoto
-
A California real estate investment firm has paid $16.4 million for a 150,000-square-foot industrial building at 12255 W. Carmen Ave. on the city’s far northwest side. (Photo courtesy of Loopnet.com)

A California real estate investment firm has paid $16.4 million for a 150,000-square-foot industrial building on the city’s far northwest side. A limited liability company affiliated with San Diego-based on Realty Income Corporation purchased the building late last week from Indiana industrial developer, Scannell Properties who constructed the building at 12255 W. Carmen Ave. in

Already a subscriber? Log in

To continue reading this article ...

Become a BizTimes Insider today and get immediate access to our subscriber-only content and much more.

Learn More and Become an Insider
  • Critical Milwaukee and Southeastern Wisconsin business news and analysis updated daily.
  • 16 issues per year delivered in print or digitally
  • Unlimited access to all insider only content on our website, on any device.
  • Free email alerts.
  • Extra bonus issues (STUFF and Giving Guide)
  • Discounted in-person event registration

Click here to purchase a sharable paywall bypass link for this Insider-only article.

Cara Spoto
Cara covers nonprofits, healthcare and education for BizTimes. Cara lives in Waukesha with her husband, a teenager, a toddler, a dog named Neutron, a bird named Potter, and a lizard named Peyoye. She loves music, food, and comedy, but not necessarily in that order.
Linkedin Mail Twitter

RELATED ARTICLES

Copyright ©2024 BizTimes Media, LLC. All Rights Reserved.
A California real estate investment firm has paid $16.4 million for a 150,000-square-foot industrial building on the city’s far northwest side. A limited liability company affiliated with San Diego-based on Realty Income Corporation purchased the building late last week from Indiana industrial developer, Scannell Properties who constructed the building at 12255 W. Carmen Ave. in 2019 as a spec industrial property. Mayfield Heights, Ohio-based Materion Corp. announced in September that it planned to move some of its operations to the new building. The industrial chemical manufacturer said it intended to use the building for offices, storage and synthesizing inorganic materials going into the electronics market, according to plans filed with the city at that time. The company also said it planned to bring 30-90 employees to the new site; a considerable number of which would be new hires. Materion’s other location in the city of Milwaukee – Materion Advanced Materials – is located in a 71,129-square-foot building at 407 N. 13th St.

BIZEXPO | EARLY BIRD PRICING | REGISTER BY MAY 10TH AND SAVE

Stay up-to-date with our free email newsletter

Keep up with the issues, companies and people that matter most to business in the Milwaukee metro area.

By subscribing you agree to our privacy policy.

No, thank you.
Exit mobile version