Menomonee Falls manufacturer moving HQ, 50 jobs to New Berlin
Cassidy Turley Barry
Milwaukee Broach's new building is south of Interstate 43 near South Moorland Road.
Manufacturer Milwaukee Broach Co. is moving its headquarters and 48 jobs to New Berlin under a lease that more than doubles the space of its manufacturing operations.
Also this week, the city of Milwaukee financing support for Northwestern Mutual’s[5] downtown office tower gained a needed approval from other area governments.
Milwaukee Broach has been in Menomonee Falls since the mid-1990s, but needs more space for new production equipment to meet increasing demand, said accounting manager Beth Koehn[6]. The company signed a 28,000-square-foot lease in the Westridge Business Park in New Berlin and plans to move there by September, she said.
“We have new machinery we have ordered and we had no place to put it,” she said. “With the move we now have room to place more machinery, and there will be employment opportunities available as early as next year.”
Milwaukee Broach makes cutting tools used to make metal parts for airplane turbines, automobiles and Snap-on and Craftsman tools.
The company, established in 1985, has 48 employees, Koehn said. The company has 12,000 square feet in Menomonee Falls, 5,000 of which are for office operations, she said.
The new building is at 5660 S. Westridge Court[7] in New Berlin, according to an announcement from Milwaukee-based brokerages Cassidy Turley Barry[8] and NAI MLG Commercial[9].
“This further demonstrates that certain manufacturers are steadily improving their businesses and looking for expansion space,” said Kevin Barry[10], Cassidy Turley Barry broker who represented Milwaukee Broach in the deal.
NML TIF OK’d
Even though Milwaukee officials approved a $73.3 million tax incremental financing district for Northwestern Mutual in April[11], the proposal did not gain a needed final approval until this month.
Sean Ryan reports on real estate, construction and public transit in southeast Wisconsin
References
- ^ Sean Ryan (feeds.bizjournals.com)
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- ^ Twitter (twitter.com)
- ^ Google+ (plus.google.com)
- ^ Northwestern Mutual’s (www.bizjournals.com)
- ^ Beth Koehn (feeds.bizjournals.com)
- ^ 5660 S. Westridge Court (maps.google.com)
- ^ Cassidy Turley Barry (www.bizjournals.com)
- ^ NAI MLG Commercial (www.bizjournals.com)
- ^ Kevin Barry (feeds.bizjournals.com)
- ^ in April (www.bizjournals.com)