STAG Capital Partners recently purchased a 261,560-square-foot manufacturing facility on a 15-acre property at 4077 N. 1st St., Milwaukee, as part of a sale-leaseback transaction with Bentley World Packaging Ltd. The building is 100 percent leased to Bentley. Kevin Barry of Colliers Barry brokered the transaction for both STAG and Bentley.
Buyseasons Inc. is leasing 359,625 square feet of office and industrial space in a plant that will be built at 5915 S. Moorland Road, New Berlin, by WT New Berlin I LLC. That building is expected to be complete next spring. Buyseasons also recently leased 100,000 square feet of industrial space at 1930-60 Calhoun Road, New Berlin, from James Luterbach. The company will use the Calhoun Road space until the new building on Moorland Road is complete. The Moorland Road building will be the company’s new headquarters. Buyseasons had considered moving from New Berlin to city-owner proerty in the Menomonee Valley in Milwaukee, but some politicians including U.S. Rep. Gwen Moore and Alderman Robert Donovan protested saying the city should not sell property to Buyseasons because the company has too many seasonal workers and doesn’t pay its workers high enough wages. So, Buyseasons chief executive officer Jalem Getz decided to move the company to a new building in New Berlin instead. Trent Poole of CB Richard Ellis represented Buyseasons in brokering both leases. The landlords represented themselves.
