New Berlin industrial building sold for $4.275 million

Boston-based STAG Industrial recently purchased a 81,500-square-foot industrial building at 5150 S. Towne Dr., New Berlin, for $4,275,000, according to state records.

The building sits on a 6.9-acre site. The property has an assessed value of $3.5 million, according to Waukesha County records.

It was sold to STAG Industrial by Plymouth, Mich.-based Demco Wisconsin 3 LLC.

STAG acquires and manages single tenant industrial real estate assets. This was the second building in the region acquired by the firm recently. STAG also purchased a 149,600-square-foot industrial building at 2761 Buell Dr. in East Troy for $6,935,750, according to state records. That building is occupied by Aptargroup Inc., a Crystal Lake, Ill.-based manufacturer of consumer pacakaging for beauty, food and pharmaceutical products.

Sign up for BizTimes Daily Alerts

Stay up-to-date on the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin

No posts to display