Home Industries Real Estate Mount Pleasant industrial building sells for $15 million

Mount Pleasant industrial building sells for $15 million

13315 Globe Drive. Image from LoopNet

A Mount Pleasant industrial building sold for $15 million, according to state property records. Built in 2016, the 156,000-square-foot building at 13315 Globe Drive is the headquarters of Oterra, a manufacturer of natural food coloring. The building was also previously occupied by Foxconn on a temporary basis before it started construction on its facilities in

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
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.
A Mount Pleasant industrial building sold for $15 million, according to state property records. Built in 2016, the 156,000-square-foot building at 13315 Globe Drive is the headquarters of Oterra, a manufacturer of natural food coloring. The building was also previously occupied by Foxconn on a temporary basis before it started construction on its facilities in Mount Pleasant. State records list the buyer as a New York City-based entity called NHNR Hold Co. LLC, which shares an address with a company called Mesa West Capital. Mesa West Capital is a commercial real estate debt fund manager and portfolio lender, according to its website. It was not clear if Mesa West Capital was the buyer of the property or if it was working on behalf of another entity. The company did not respond to request for comment. Hawaii-based investment company James Campbell Co. sold the building. James Campell Co. acquired the building in 2018 for nearly $13.7 million. Last week, Milwaukee-based Zilber Property Group announced that it had acquired four buildings in metro Milwaukee from James Campbell Co. as part of a portfolio deal. That deal totaled $33.8 million.

Holiday flash sale!

Limited time offer. New subscribers only.

Subscribe to BizTimes Milwaukee and save 40%

Holiday flash sale! Subscribe to BizTimes and save 40%!

Limited time offer. New subscribers only.

Exit mobile version