SPANISH MANUFACTURER BUYS MILWAUKEE PLANT FOR $1.7M

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MILWAUKEE — Spanish manufacturer Sic Lazaro U.S. Inc. has purchased the former Rexcon Building in Milwaukee for $1.7 million. The company signed a short-term lease at the 138,870-square-foot plant last May to manufacture industrial counterweights. The lease deal included an option to buy the factory, which is located at 7044-7100 N. Teutonia Ave. Russ Sagmoen and Steve Sewart of Inland Co. represented the seller, Rose Industries, in the transaction.

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