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Bradley Corp. breaks ground Wednesday on new Germantown plant

Land and Space

Journal Sentinel business reporter Tom Daykin talks about commercial real estate and development.

April 11, 2011
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By Tom Daykin of the Journal Sentinel

April 11, 2011 0

Bradley Corp. will break ground Wednesday on its new Germantown plant, a project that's receiving up to $800,000 in village financing assistance.

Menomonee Falls-based Bradley, which makes washroom accessories and other parts, is building a 190,000-square-foot manufacturing facility in Germantown Business Park.

The new building will replace a 1970s-era, 119,000-square-foot building Bradley leases at 7020 W. Parkland Court, Milwaukee.

The Germantown building, once completed by early next year, will house around 100 employees, with most of those jobs transferring from Milwaukee.

The Village Board has approved a plan that allows Bradley to keep up to $800,000 in property tax payments generated by the new development, said David Schornack, village administrator. That rebate covers 67% of the company's annual property tax payments.

The property tax payments that are being refunded to Bradley are being channeled through a tax incremental financing district at the business park. A portion of the Bradley development's property tax payments will be used to help pay off the tax district's debt, which is scheduled to happen in about 10 years, Schornack said.

Bradley might build an addition to the plant, bringing the total size to over 300,000 square feet, Schornack said. If that happens, the additional property taxes would pay off the tax district's debt within four to six years, he said.

The new building will be on a parcel that Bradley has owned for several years in the southern portion of Germantown Business Park.

Bradley also has operations in  Marion, Ohio; Upper Sandusky, Ohio; Ontario, Calif., and Chicago.  The family-owned company employs close to 600 people nationwide, with about 400 jobs in southeastern Wisconsin.

The Wednesday groundbreaking ceremony begins at 10 a.m., and includes a scheduled appearance by Lt. Gov. Rebecca Kleefisch, and other state and local officials.

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About Tom Daykin

Tom Daykin covers commercial real estate and development.

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Helpful Links and Resources

Check the Milwaukee Assessor’s Office website, which includes tools to look up property assessments.

Find property assessments for other communities throughout the state at AssessorData.org.

The Milwaukee Department of City Development website includes information on the city Plan Commission and Redevelopment Authority.

The Commercial Association of Realtors Wisconsin offers information on commercial realtors and real estate.

The Milwaukee chapter of the Institute of Real Estate Management serves the needs of real estate management professionals

The Wisconsin chapter of the NAIOP Commercial Real Estate Development Association aims to serve developers and owners of commercial real estate.

Awards

The Land and Space blog was recognized by the Society of American Business Editors and Writers in the blog category for dailies with circulation between 200,000 to 500,000.

The judges said, "Daykin’s aggressive reporting and accessible, explanatory writing make him a must-read for his tight-knit and highly engaged audience."


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