Inc. co-owner and founder Peter Harken talks about his
company in this file photo.
OF PEWAUKEE — Harken, Inc. has sold its City of Pewaukee
headquarters to a private real estate investment group, which
founder Peter Harken says will help the manufacturer
“accelerate” its growth.
to the Friday announcement, Harken entered into a long-term
leaseback of its headquarters at N15-W24983 Bluemound Road to HRKN
LLC., which is not affiliated with Harken, Inc.
170,000-square-foot industrial building with 30,000 square feet of
second- floor office space was constructed in 2012 for Harken.
this transaction will help accelerate our company’s growth. We
will certainly continue to focus on organic growth and plan to
stay right here in our home community of Pewaukee, WI. With this
sale, we may consider some strategic acquisition opportunities in
our marine and industrial markets that will put this capital to
work,” said Harken, Inc. co-owner and founder Peter Harken in a
Inc. is a manufacturer and marketer of quality marine hardware and
accessories that dominate such events as the America’s Cup and
Inc. has sold its City of Pewaukee headquarters, N15-W24983
Bluemound Road, to a private real estate investment group,
but which it will lease.
to Friday’s announcement, Harken has invested in “new markets
outside of the marine industry to chart a strong growth trajectory
for the future in the safety and rescue markets.”
for Harken is done in the United States and Italy, and it has
offices in 48 countries with group offices located in Australia,
France, Italy, New Zealand, Poland, Sweden, the United Kingdom,
and the United States (Rhode Island, California and Florida).
sale-leaseback transaction is indicative of the strength of the
industrial and investment markets in southeast Wisconsin,” said
David Buckley of The Barry Company, who brokered the transaction.
“We’re proud to have a relationship with Harken, Inc. and that
we could structure a deal that satisfied all parties involved.”
Inc. CEO Bill Goggins was not in the office Friday to comment on
plans for the company’s growth.