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The former Tailored Label Products headquarters building in Menomonee Falls has been sold for $4.7 million to an affiliate of Elm Grove-based real estate company Luther Group, according to state records.
Despite activist investor WM Argyle Fund’s campaign, Broadwind shareholders re-elected all seven board members last month.
Elm Grove real estate and development firm Luther Group has acquired a 5.47-acre site at W134N5450 Campbell Drive just south of Silver Spring Drive in Menomonee Falls with plans to construct a 79,200-square-foot spec industrial building at the site.
A $31 million residential and commercial development is planned for Wauwatosa that will include apartments for adults with developmental disabilities, a bank branch, retail space and opportunities for its residents to explore assistive technology.