Milwaukee-based Zilber Property Group has secured leases on two build-to-suit projects totaling 160,500 square feet at Salem Business Park in the village of Salem Lakes in Kenosha County, the company announced Thursday. According to a news release, Bristol-based Stabio North America, a producer of cold-formed fasteners and components, will occupy a roughly 110,500-square-foot building. Meanwhile,
Already a subscriber? Log in
To continue reading this article ...
Subscribe to BizTimes today and get immediate access to our Insider-only content and much more.Learn More and Subscribe Now
Zilber Industrial 2 at Salem Business Park. Rendering courtesy of Zilber Property Group[/caption]
Stabio North America, formerly known as Anderson Manufacturing, was acquired by Switzerland-based Ferriere Di Stabio.
Tim Cash, president of Stabio North America, said the company will more than double its space with the new facility and as a result plans to hire an additional 35 employees over the next three years.
He said the company did not want to move too far from its current Bristol location, in order to not lose any employees.
"We do recruiting all over the country ... and the core of our best employees come from the Racine and Kenosha area," he said.
John Kersey, executive vice president of Zilber Ltd., noted the new facilities will improve the operations and support long-term growth goals for each company.
"Additionally, we are excited about the potential shown to attract users to the Salem Business Park and look forward to working with KABA, the village of Salem Lakes staff and elected officials to continue building on these successful projects," he said in the release.
