Featured Deal: Mount Pleasant industrial facility

Mount Pleasant industrial facility
Mount Pleasant industrial facility Credit: Newmark Knight Frank

Last updated on March 17th, 2020 at 01:36 pm

An affiliate of Oakbrook Terrace, Illinois-based ND Paper, a manufacturer of paper and paper products, recently purchased the vacant 350,300-square-foot warehouse and distribution facility at 7601 Durand Ave. in Mount Pleasant. The deal is the latest example of Illinois companies either relocating or expanding their operations across the Wisconsin border.

The building was constructed in 1972 and formerly used by Promotions Unlimited, according to village assessment records.

ND Paper manufactures various types of pulp, paper and paper-based packaging materials. It bought the building from Illinois-based Venture One Real Estate. The firm had made major renovations to the building after first acquiring it in January 2018. Renovations included a new roof, tearing out the second-floor mezzanine and adding new offices, installing a new parking lot, updating the front facade, repairing the docks and replacing lighting.

Brokers with Newmark Knight Frank’s Chicago office represented Venture One in the deal.

Address: 7601 Durand Ave., Mount Pleasant
Buyer: Badger Solutions LLC
Seller: Venture One Real Estate
Price: $15.5 million

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Alex Zank, former BizTimes Milwaukee reporter.

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