Last updated on May 15th, 2019 at 05:03 pm
The Germantown building that houses the headquarters of Satisloh North America Inc., located at N106 W13131 Bradley Way, was sold by Bradley Way Partners, LLC recently to a Minneapolis real estate investment firm for $4.25 million.
According to Satisloh’s website, the company manufactures machines that produce optics for ophthalmic and precision. The Germantown location distributes these machines.
In May, the Germantown plan commission approved building plans for a 13,544-square-foot warehouse addition to the existing office building at the site. The total square footage is now 54,633-square-feet.
Minneapolis-based Founders Properties LLC has a portfolio of approximately 60 properties across the United States including office, industrial, retail and mixed-use.
Tom Shepherd and Steve Sewart, both of Colliers, handled the listing and sale on behalf of the seller. Colliers was the only broker involved in the transaction. Bradley Way Partners was led by managing partner Michael Goetz.
“Satisloh has a great local growth story, and they are a pleasant hidden secret in Germantown,” Shepherd said. “This is the headquarters of a growing high tech company that is bringing in clients from all over the world to train on their equipment. Founders recognized the accretive value in Satisloh’s business and their real estate.”