Bradley Corp. breaks ground Wednesday on new Germantown plant
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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Commercial Real Estate News
Milwaukee Development Commissioner Richard "Rocky" Marcoux is being recommended for a fourth term by city officials.
The Zoning, Neighborhoods and Development Committee voted 4-0 Tuesday to recommend confirmation to the full council.
Ald. Milele Coggs abstained, saying she wants more effort to improve conditions for those portions of her district that include some of Milwaukee's poorest residents.
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.
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