An affiliate of Lincolnshire, Ill.-based Venture One Real Estate recently purchased a 17.8-acre site at 111 W. Oakview Parkway in Oak Creek for $1.55 million from Milwaukee-based Wispark LLC, the real estate development division of Wisconsin Energy Corp.
The site is located in the OakView Business Park, a 220-acre business park that is being developed by Wispark southwest of West Oakwood Road and South Howell Avenue.
Venture One will build a 164,007-square-foot plant on the site for Stella & Chewy’s, which plans to lease the building and will move its operations there from Milwaukee. Stella & Chewy’s is a producer of natural pet food for dogs and cats.
The building will have 90,000 square feet of production space, 24,000 square feet of office space, 20,000 square feet of dry storage space and 20,000 square feet of freezer storage space.
Stella Chewy’s will have an option to purchase the building in 5 to 5.5 years.
The site has enough space that the building could be expanded to 280,000 square feet of space in the future.
Founded in 2003, Stella & Chewy’s moved in 2011 from a 17,000-square-foot space in Muskego to a 48,862-square-foot space at 2842 S. 5th Ct. on the south side of Milwaukee.