American TV & Appliance old distribution
center buildings currently house Zero Zone Inc.
and Quad/Graphics and can be seen from Redford
Boulevard in the City of Pewaukee.
OF PEWAUKEE — A real estate investment trust out of
Boston purchased a parcel of land in the city with two
warehouse buildings on the property for $14.3 million,
according to state records.
Stag Industrial Management LLC purchased the 24 acres of
land at W227-N2837 and W228-N2801 Duplainville Road.
State records indicate the company made the acquisition
through a subsidiary.
land is assessed at $12.7 million with an estimated fair
market value of $14.1 million, according to Waukesha
County property records.
two warehouses are approximately 288,000 square feet —
both were previously occupied by American TV &
Appliance before the company closed several locations
across the state in February of 2014. Quad/Graphics Inc.
occupies the 100,000 square foot building while Zero
Zone Inc., headquarters in North Prairie, is leasing the
approximately 188,000-square-foot building.
more iconic City of Pewaukee American TV & Appliance
buildings at W229-N1400 Westwood Drive were converted
into Point Burger Bar, Veloce Indoor Speedway, SABR
Laser Tag Pizzeria & Pub and Sky Zone Trampoline
to its website, Stag Industrial Management acquires and
operates single-tenant industrial properties throughout
the U.S. As of Sept. 30, the company is valued at $4.5
billion, owning 381 buildings in 37 states. A company
representative did not respond to a request for comment.
Industrial Management purchased the property from
Westmoreland Co. Inc., a Huntsville, Alabama-based
company. A company representative did not respond to a
request for comment.