The Milwaukee Business Journal reports Briggs & Stratton's former 1.2 million-square-foot plant in Wauwatosa, Wis., is transitioning to manufacturing space for other companies.
The article says company sold the plant for $24 million in February 2022 to an affiliate of Milwaukee commercial real estate firm Phoenix Investors and leased back the factory space. Briggs already terminated the lease for the northern portion of the plant, the article quotes Phoneix Investors chairman and founder Frank Crivello saying, adding that the company will exit the southern portion of the plant by the end of February 2024 while keeping about 150,000 square feet for a large engineering and testing area.
According to the article, Phoenix Investors is renovating the plant and having discussions with multiple prospective tenants.
Operations remaining in Wauwatosa are the headquarters, go-kart engines assembly, a lab for developing new battery technologies and a test lab for home standby generators, light towers and zero-turn mowers, a company spokeswoman was quoted as saying in the article.
The Wauwatosa site also is the home of engineering and research-and-development teams that design, program and test generators, batteries and software.
