-->

Colbert Packaging sells Kenosha HQ to REIT for $19 million

Colbert Packaging sells Kenosha HQ to REIT for $19 million

Image from LoopNet.

Colbert Packaging Corp. has sold its headquarters facility in Kenosha to Dallas-based real estate investment trust Spirit Realty for nearly $19 million, according to state records. Colbert Packaging is a manufacturer of packaging and many of its customers are in the pharmaceutical, health care and consumer goods industries. Founded in 1959, the company was previously

Want to Read the Entire Article?

Become a BizTimes Insider today and save 40% for the holidays. Get immediate access to our subscriber-only content and much more.

Become an Insider Now

Already an Insider? Log in

Andrew is the editor of BizTimes Milwaukee. He joined BizTimes in 2003, serving as managing editor and real estate reporter for 11 years. A University of Wisconsin-Madison graduate, he is a lifelong resident of the state. He lives in Muskego with his wife, Seng, their son, Zach, and their dog, Hokey. He is an avid sports fan and is a member of the Muskego Athletic Association board of directors.

No posts to display

Colbert Packaging Corp. has sold its headquarters facility in Kenosha to Dallas-based real estate investment trust Spirit Realty for nearly $19 million, according to state records. Colbert Packaging is a manufacturer of packaging and many of its customers are in the pharmaceutical, health care and consumer goods industries. Founded in 1959, the company was previously headquartered in Lake Forest, Illinois. in 2016, the company announced it was moving its flexographic packaging operations and 100 jobs from Illinois to Kenosha. It was offered up to $1.6 million in incentives from the state, city and county to do so. At the time, the company planned to keep its headquarters in Lake Forest, but later moved the headquarters to its 173,165-square-foot Kenosha facility. Located on a 7.2-acre site at 9949 58th Place in Kenosha, the building was built in 2015 on speculation by Milwaukee-based Zilber Ltd.which sold it in 2017 to Colbert Packaging. Today, Colbert has 350 employees at two manufacturing facilities, its Kenosha headquarters facility and a facility in Elkhart, Indiana. Officials with the company could be reached for comment Friday.

Comments are closed.