Real estate deals of the week

Briggs & Stratton Port Washington facility is sold. Harken purchases land for new headquarters.

Briggs & Stratton Port Washington building sold
Chris Coakley, the owner of Milwaukee-based C. Coakley Relocation Systems Inc., recently purchased the 407,000-square-foot Briggs & Stratton facility at 500 N. Spring St. in Port Washington from Briggs & Stratton Yard Products Group. The sale price was $1.8 million. Grubb & Ellis|Apex Commercial broker Jeff Horn represented the buyer and seller in brokering the deal. Briggs & Stratton Corp. is now leasing the building from Coakley, and plans to close the plant by the end of the year. The plant is the former Simplicity Manufacturing Co. outdoor power equipment plant. Coakley said his company will use about a third of the building and he will lease the remaining two-thirds to other tenants.

Harken buys land for new HQ
Harken Inc. recently purchased 28 acres at N15 W24887 Bluemound Road, Pewaukee, from ASG General Partnership. The sale price was not disclosed. Harken, a manufacturer of high-end yachting and sailing hardware and accessories, plans to build a new 100,000-square-foot corporate headquarters on the site. Construction will begin this fall. David Buckley of Colliers Barry represented Harken and ASG General Partnership in brokering the sale.

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