Home Industries Real Estate Grede sells Wauwatosa foundry in sale-leaseback deal

Grede sells Wauwatosa foundry in sale-leaseback deal

By
Hunter Turpin
-
Image from Google Maps

Michigan-based Grede, a manufacturer of iron casting and automotive components, sold its original Wauwatosa foundry to an Illinois real estate investor for $5.5 million. Grede, which dates back to its founding in 1920 as Grede Foundries Inc. in Wauwatosa is owned by New York-based private investment firm Gamut Capital Management. The Wauwatosa property, which spans

Already a subscriber? Log in

To continue reading this article ...

Subscribe to BizTimes today and get immediate access to our Insider-only content and much more.

Learn More and Subscribe Now
  • Critical Milwaukee and Southeastern Wisconsin business news and analysis updated daily.
  • 16 issues per year delivered in print or digitally
  • Unlimited access to all insider only content on our website, on any device.
  • Free email alerts.
  • Extra bonus issues (STUFF and Giving Guide)
  • Discounted in-person event registration

Click here to purchase a sharable paywall bypass link for this subscriber-only article.

Hunter Turpin
Hunter covers commercial and residential real estate for BizTimes. He previously wrote for the Waukesha Freeman and Milwaukee Journal Sentinel. A graduate of UW-Milwaukee, with a degree in journalism and urban studies, he was news editor of the UWM Post. He has received awards from the Milwaukee Press Club and Wisconsin Newspaper Association. Hunter likes cooking, gardening and 2000s girly pop.
Mail

RELATED ARTICLES

Copyright ©2024 BizTimes Media, LLC. All Rights Reserved.
Michigan-based Grede, a manufacturer of iron casting and automotive components, sold its original Wauwatosa foundry to an Illinois real estate investor for $5.5 million. Grede, which dates back to its founding in 1920 as Grede Foundries Inc. in Wauwatosa is owned by New York-based private investment firm Gamut Capital Management. The Wauwatosa property, which spans about five acres, is located at 6432 W. State St. in Wauwatosa. A company spokesperson said that Grede has entered into a long-term lease with the property's new owner, Brennan Investment Group, which owns a majority of the company's other manufacturing facilities. "The sale-leaseback, a standard corporate transaction, has no impact on Grede’s long-term strategy for our Wauwatosa foundry," the spokesperson said. Grede has foundries and machining locations in seven states, with four in Wisconsin: Menomonee Falls, Reedsburg, Browntown and Wauwatosa.

Stay up-to-date with our free email newsletter

Keep up with the issues, companies and people that matter most to business in the Milwaukee metro area.

By subscribing you agree to our privacy policy.

No, thank you.
Exit mobile version