Featured Deal: Kohl’s Sells Woodland Prime office building

Woodland Prime office building
52,000-square-foot office building at W127 N7564 Flint Drive,

An affiliate of Brookfield-based Milwaukee Electric Tool Corp. in August bought a 52,000-square-foot office building in Menomonee Falls’ Woodland Prime office park from Kohl’s Corp.

A Milwaukee Tool spokesperson said the company was still determining what operations will be moved into the vacant building. The rapidly expanding tool maker is in need of space even as it moves forward with a 114,500-square-foot expansion of its Brookfield headquarters. Milwaukee Tool president Steve Richman hinted at a Milwaukee 7 conference earlier this year that the company would need to expand its campus even further.

Kohl’s had originally planned to move into the office park as part of expansion plans for its Menomonee Falls headquarters. The company instead opted to acquire and renovate existing buildings near its campus on Ridgewood Drive.

Address: W127 N7564 Flint Drive
Buyer: Schwer, Pflicht & Werkzeug Properties LLC
Seller: Kohl’s Department Stores Inc.
Price: $4.7 million

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Alex Zank, former BizTimes Milwaukee reporter.

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