Waukesha-based W.M. Sprinkman Corp. sold the building where its headquarters is located for $3.3 million to Madison-based SARA Investment Real Estate, according to state records.
The company’s president Brian Sprinkman, who owned the building personally, said nothing is changing with the company as a result of the sale.
Located at 404 Pilot Court in Waukesha, the property is assessed at approximately $2.5 million, according to state records. The building is 52,000-square-feet.
Sprinkman Corp. is a manufacturer of food and beverage processing equipment that was founded in 1929. The company has found a niche in manufacturing equipment for microbreweries, but also assists large global food and beverage customers.
Sprinkman Corp. moved its headquarters from Franksville to Waukesha in 2016. In 2018, the company was acquired by Franklin-based Krones, Inc. Following the acquisition, Sprinkman Corp. kept its employees, name, management and facilities, which includes an manufacturing plant in Elroy, Wisconsin.
Krones Inc. is the U.S. subsidiary of Krones AG, a German manufacturer of packaging and bottling line systems, brew house and processing systems, IT solutions and warehouse logistics systems.
SARA has offices in Madison, Milwaukee, Minneapolis and St. Louis. The firm attains, develops, leases, finances and manages properties throughout the Midwest. It manages properties valued at more than $260 million.
