GE Healthcare building in Oak Creek sells for $31.1 million

Company moved to building in 2016, will remain

GE harvests and reuses parts from its systems.

Last updated on May 15th, 2019 at 04:52 pm

An affiliate of Pennsylvania-based Exeter Property Group has sold GE Healthcare’s repair operations facility in Oak Creek for $31.1 million, according to state records.

GE Healthcare will continue to occupy the facility.

The building at 120 W. Opus Drive sold to Thomson Logistics Assets LLC, which is registered to an address in Delaware but lists Mapletree Investments Pte Ltd in Singapore as its principal office.

Mapletree is a real estate development, investment and capital management firm based in Singapore with $39.5 billion in assets under management.

As a 280,000-square-foot facility the building was assessed at $12 million in 2016. Exeter submitted plans to the city of Oak Creek last year for a 48,000-square-foot expansion.

GE Healthcare relocated its repair operations to the facility in 2016, consolidating several facilities under one roof in the process.

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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.

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