MILWAUKEE - Milwaukee-based Dorner Company, a manufacturer’s representative specializing in equipment for water & wastewater treatment plants, power plants, industrial processing facilities and original equipment manufacturers, recently purchased the 20,031 square foot industrial facility located at N61W23043 Silver Spring Dr., Sussex, Wis. from Sussex Investments Group, LLP.
Dorner Company will relocate to the Sussex, Wis. property from its existing headquarters location in Milwaukee.
The space Dorner will occupy currently houses the operations of Allora Inc., formerly TPS International, a manufacturing solutions company. Allora will relocate to a nearby multi-tenant facility in June, according to James Young of Milwaukee-based Cassidy Turley Barry, who represented the seller in the transaction.
“The building is one-third leased to another tenant, and has 50% office in the remaining area, which somewhat limited the audience for prospective buyers,” said Young. “Dorner Company saw the long-term existing lease as a benefit and could also fit well into the former TPS space.”
Mike Kleber of Towne Investments represented Dorner Company in the transaction.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,400 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $18 billion in 2010, manages 455 million square feet on behalf of private, institutional and corporate clients and supports more than 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. In 2010, the firm enhanced its global service delivery outside of North America through its partnership with GVA. Please visit www.cassidyturley.com for more information about Cassidy Turley.
Cassidy Turley provides regional real estate services with local Milwaukee market leader Cassidy Turley Barry. Cassidy Turley Barry is the winner of four consecutive Deal of the Year awards from the Commercial Association of Realtors-Wisconsin (2008-2011), three consecutive Best Deal/Lease of the Year awards from The Business Journal (2009-2011) and was awarded the 2010 Brokers of the Year honor by Riverworks Development Corporation.
James M. Young