Home Industries Real Estate Rite-Hite buys Mount Pleasant industrial building for $17.5 million

Rite-Hite buys Mount Pleasant industrial building for $17.5 million

Photo courtesy of Cushman & Wakefield | Boerke.

Milwaukee-based manufacturer Rite-Hite is spending $17.5 million to purchase a new industrial building in Mount Pleasant. State records show an LLC affiliated with Rite-Hite purchased the property at 13505 Louis Sorenson Road. The building, located 1.5 miles from the I-94/Highway 20 interchange, is 204,594 square feet. A little over 2,000 square feet of the area

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Ashley covers startups, technology and manufacturing for BizTimes. She was previously the managing editor of the News Graphic and Washington County Daily News. In past reporting roles, covering education at The Waukesha Freeman, she received several WNA awards. She is a UWM graduate. In her free time, Ashley enjoys watching independent films, tackling a new recipe in the kitchen and reading a good book.
Milwaukee-based manufacturer Rite-Hite is spending $17.5 million to purchase a new industrial building in Mount Pleasant. State records show an LLC affiliated with Rite-Hite purchased the property at 13505 Louis Sorenson Road. The building, located 1.5 miles from the I-94/Highway 20 interchange, is 204,594 square feet. A little over 2,000 square feet of the area is office space. The building sits on 12.7 acres. Last February, an affiliate of Minneapolis-based Endeavor Development purchased the site with plans to build a new speculative industrial building. Endeavor Development specializes in industrial real estate development, investment and management. In March, Rite-Hite completed construction of its new headquarters in Milwaukee's Walker's Point neighborhood, consisting of a four-story 159,000-square-foot north building and a two-story, 119,000-square-foot south building. Both buildings sit on a 9.5-acre campus at 195 S. Rite-Hite Way. Representatives from the company, which makes loading dock equipment, industrial doors, safety barriers and more, were not immediately available for comment on the Mount Pleasant building purchase.

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