Milwaukee business executive and philanthropist Ted Kellner has purchased an aircraft hangar at Mitchell International Airport from Northwestern Mutual Life Insurance Co.
Kelgen Hangar LLC, which is registered to Kellner, executive chairman of Milwaukee-based Fiduciary Management, Inc., purchased a property at Mitchell International Airport from Northwestern Mutual for $550,000, according to state records.
The location is where the aircraft hangar is located.
In September 2016, Northwestern Mutual purchased a 47,000-square-foot building on a 6.5-acre lot, located at 530 E. College Ave. for $3.3 million. The deal gave the company a second hangar that is located is in a less congested area of the airport than the Howell Avenue hangar is in. Th College Avenue hangar is also more efficient for servicing and maintenance of Northwestern Mutual’ s airplane, said company spokeswoman Betsy Hoylman.
Kellner had previously based his airplane at Signature Flight Support, 923 E. Layton Ave.
“I’ve had planes for 25 years,” Kellner said. “I travel a lot and it is a very useful tool and makes a certain amount of economic and business sense to own a plane and a hangar.”