Deal of the Week: Large Milwaukee industrial building sold for $3.3 million

T&M Industrial Properties LLC, a group of real estate investors, recently purchased the 374,736-square-foot multi-tenant industrial building at 6101-05 N. 64th St., Milwaukee, from Jack and Janis Anderson for $3.3 million, or about $8.80 per square foot.

Dave Hazenfield of The Dickman Company represented the sellers and Sam Dickman Jr. of The Dickman Company represented the buyers in brokering the sale.

“The building is about four blocks long," Hazenfield said. "We basically just sold it from one group of investors to another."

Hazenfield was part of a group of investors who sold the building to the Anderson sin 2007.

The building has two tenants: GENCO ATC, which occupies about 200,000 square feet of space and Sun Components, which occupies about 50,000 square feet of space, Hazenfield said. Pittsburgh-based GENCO is a supply chain solutions company with corporate offices in Pittsburgh, Green Bay and the Milwaukee facility at 6101 N. 64th St.

Sun Components provides products for the wheelchair industry and the Milwaukee facility is used for wheel building, spoke production, customer service, and warehousing. The company is a division of Mequon-based HB Performance Systems.

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