Real estate deal of the week

Oconomowoc-based MSI General Corp. was selected to design and build a new 160,000-square-foot manufacturing facility for Charter Wire in Milwaukee’s Menomonee Valley. The construction project is expected to begin in August and be complete in late 2009. Charter Wire, a division of Mequon-based Charter Manufacturing, will move to a site in the Menomonee Valley Industrial Center, located next to the Miller Park parking lot, from its current location at 114 N. Jackson St. in the Historic Third Ward. The move will create another redevelopment opportunity in the Third Ward. Charter Wire is buying a 7.8-acre site in the valley from the city of Milwaukee for $936,000, or $120,000 per acre. The Menomonee Valley is attracting several other businesses.

Prolitec Inc. announced that it will move from Wauwatosa to the 144,000-square-foot Canal Street Commerce Center in the valley. The building, built by Ziegler Bence, is anchored by Proven Direct Inc., which moved there from Menomonee Falls. Construction of the 500,000-square-foot, $240 million expansion to Potawatomi Bingo Casino in Milwaukee’s Menomonee River Valley is nearly complete. The first phase of the expansion at 1721 W. Canal St. will open to the public on Thursday, June 19.

Glendale-based HSI Development Partners LLC will build a 160,000-square-foot facility in the valley for Derse Inc., which will move there from Wauwatosa.

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