C.D. Smith Construction Inc. has purchased a 1.6-acre lot in Reed Street Yards where it will build the first property in what will become a global water technology business park.
The Fond du Lac-based construction company purchased the land from Wisconsin Limited Liability Company, an affiliate of General Capital Group LLP, for $1.4 million, according to state real estate records.
Rexnord Corp announced in June that it plans to move Zurn to the Reed Street Yards, a 17-acre property in the Walker’s Point neighborhood.
The relocation of Zurn, a manufacturer of engineered water solutions, will result in 120 full-time employees by March 2021.
The plan is for Zurn to be located in a three-story, 52,000-square-foot building that is expected to be completed in 2016. Thirty-five full-time employees would initially work in the building.
C.D. Smith Construction Inc. is expected to begin construction next month.
