News Summary
Milwaukee-based LCM Funds Real Estate LLC has acquired an industrial building in Mukwonago for $16.1 million. The property is currently occupied by GS Global Resources, which recently expanded its facility and announced plans to add 100 new jobs. This acquisition highlights the growth in the regional economy, driven by industrial investments. Additionally, GMR Marketing is renovating its headquarters and expanding its operations, further contributing to local job creation and development.
Mukwonago – Milwaukee-based private equity real estate firm LCM Funds Real Estate LLC has completed the acquisition of an industrial building in Mukwonago, occupied by GS Global Resources, for a reported price of $16.1 million, as confirmed by state records. The property, which is located at 912-926 Perkins Drive, marks a significant investment in the region’s industrial sector.
Earlier this year, GS Global Resources, which has been an integral part of the Mukwonago industrial park since 2016, expanded its facility by 80,000 square feet. The company recently celebrated the completion of its expansion with a ribbon-cutting ceremony for its new headquarters, which included the announcement of plans to add 100 new jobs to the local workforce. Noteworthy attendees at the ceremony included government officials and community leaders, reflecting the local significance of the company and the event.
GS Global Resources, which has operated in the Mukwonago area for over fifty years, is partnering with Campbell Construction for the ongoing expansion of their machine performance solutions factory. This project will further extend their operations by an additional 69,000 square feet of warehouse and office space. Construction is set to begin in July 2024 and is projected to be completed by June 2025. Oversight of the project is being handled by Campbell Construction’s project manager and superintendent, ensuring that the expansion meets its intended goals.
In addition to its growth strategies, GS Global Resources is dedicated to maintaining employee well-being. The company collaborates with COR Wellness, a Milwaukee-based entity, to provide employee wellness programs aimed at counteracting rising healthcare costs. GS Global Resources currently employs approximately 180 people and leverages COR Wellness services to enhance employee health and productivity among its workforce.
In a related development within the region, GMR Marketing, which was founded in Milwaukee in 1979, is undertaking a renovation of its headquarters in New Berlin. As part of this initiative, the company has leased a 75,000-square-foot warehouse to facilitate its growth, with intentions of adding 50 new jobs. This new warehouse location is strategically situated near GMR Marketing’s global headquarters, enabling a more efficient on-site digital content production process.
Currently, the GMR Marketing headquarters accommodates around 450 employees. Post-renovation, this space is expected to accommodate 550 employees, reflecting the company’s ambition in scaling its operations. With a footprint spanning across 16 offices in nine countries, GMR Marketing employs nearly 1,000 people globally and is a subsidiary of the Omnicom Group Inc., specializing in experiential marketing for major global clients.
The surge in real estate transactions and expansions within Mukwonago and neighboring areas illustrates a growth trend in the local economy, fueled by industrial investments and job creation. As companies like GS Global Resources and GMR Marketing continue to expand, the implications for job growth and regional development remain substantial.
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Additional Resources
- BizTimes: Milwaukee-based private equity firm buys Mukwonago industrial building
- Jsonline: COR Wellness aims to improve workers’ health
- BizTimes: GMR Marketing to add dozens of jobs
- Wikipedia: Mukwonago
- Encyclopedia Britannica: Milwaukee
Author: STAFF HERE MILWAUKEE WRITER
MILWAUKEE STAFF WRITER The MILWAUKEE STAFF WRITER represents the experienced team at HEREMilwaukee.com, your go-to source for actionable local news and information in Milwaukee, Milwaukee County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Summerfest, Milwaukee Film Festival, and the Milwaukee Boat Show. Our coverage extends to key organizations like the Metropolitan Milwaukee Association of Commerce and Visit Milwaukee, plus leading businesses in manufacturing and brewing that power the local economy such as Harley-Davidson and MillerCoors. As part of the broader HERE network, we provide comprehensive, credible insights into Wisconsin's dynamic landscape.
