Waukesha Foundry building sold real estate investment group

Freeman Staff

July 11, 2015

The Waukesha Foundry building, 1300 Lincoln Ave., has been sold to an Arizona-based real estate investment group.
Charles Auer/Freeman Staff

WAUKESHA - The Waukesha Foundry building has been sold according to the foundry’s CEO.

Ken Kurek said the building, 1300 Lincoln Ave. in Waukesha, had been sold to the Glendale, Ariz.-based real estate investment group STORE Capital. The building was purchased by United Stars Holdings Inc. — a Beloit metal company —last September.

“The business is healthy and we are doing well and we plan to be here for a long time,” Kurek said.

The building is approximately 230,000-square-feet and employs 140 workers, Kurek said. While the building is in new hands, Kurek said it will still be “business as usual” at the foundry — there won’t be any operational changes, and the business will stay in the same markets.

“In terms of the day-today operating of the business,” he said, “nobody here is going to notice any difference in what we do.”