The Village of Menomonee Falls sold the former Kohl’s Corp. Distribution Center to Milwaukee moving and storage company C.H.Coakley & Co. for $7.2 million.
CMK Inc., the corporate structure for Michael Coakley, managing partner of C.H. Coakley & Company, purchased the 388,000-square-foot building at N54 W13901 Woodale Drive.
Mark Fitzgerald, Menomonee Falls village manager, said Coakley is planning to use the building primarily for data storage.
The Milwaukee Sting Volleyball Club is also proposing to lease a portion of the space to use as its headquarters.
The village has owned the building since 2011, when it obtained it from Kohl’s Corp. in exchange for a building in the Woodland Prime business park in Menomonee Falls, Fitzgerald said.
Kohl’s had been leasing back space until the end of October.
The company no longer needs the space since expanding its headquarters in Menomonee Falls. In June, the Kohl’s Innovation Center opened in a 366,000-square-foot converted factory warehouse.