A Florida-based real estate investment company purchased the 78,000-square-foot Federal Manufacturing Co. building in RidgeView Corporate Park in Pewaukee for $8.2 million, according to state records.
[caption id="attachment_138045" align="alignright" width="323"] This building in RidgeView Corporate Park in Pewaukee sold for $8.2 million.[/caption]
An affiliate of Palm Beach Gardens, Fla.-based Noble Properties purchased the building at N15 W 23500 Stone Ridge Drive from Zilber Ltd.
Interstate Partners LLC and Zilber Property Group developed the site for Federal Manufacturing in 2013.
The property is assessed at $6.06 million, according to the Waukesha County tax assessors office.
The manufacturing company moved to the building from Milwaukee and currently leases the space. A company official said Federal Manufacturing doesn’t plan on leaving.
Noble Properties is a privately-owned real estate investment company that focuses on shopping centers, single-tenant net-leased properties and commercial development, according to the company’s website.