Milwaukee Tool eyes downtown expansion
Milwaukee Tool announced the expansion of its corporate operations into downtown Milwaukee, Wis.
The company’s current global headquarters in Brookfield, Wis., will remain the central location for the company’s corporate operations.
The new expansion will provide increased space to accommodate the company’s rapid growth. Anticipated to open in October, the building will house 1,200 employees within the next 3 years.
“Over the past 10 years we’ve grown at an incredible rate, not just across the country and the world, but also at our global headquarters in Wisconsin,” said Steve Richman, Milwaukee Tool group president. “By extending our corporate presence into downtown Milwaukee, we are poised for continued growth.”
Milwaukee will invest more than $30 million to purchase and renovate a vacant 333,000-square-foot building in downtown Milwaukee.
The building will act as an extension of the company’s global headquarters in Brookfield. While the plan calls for housing at least 1,210 employees, the company has the option to expand the office space by adding 150,000-square-feet, for up to an additional 790 employees.
Over the last decade, the company redeveloped 190,000-square-feet of space in Brookfield to accommodate research and development, product development, proto-typing, packaging design, marketing, sales, training facilities, and administrative offices.
In 2017, Milwaukee Tool completed construction and took occupancy of a new 200,000-square-foot, four-story office building on the campus, and took occupancy of an additional 116,300-square-foot building in January 2020.
With a recent announcement of a new campus in Menomonee Falls, a West Bend-based manufacturing plant, and this new expansion into downtown Milwaukee, the company said that it is positioned to stay in the heart of Wisconsin long-term,
By the end of 2021, the company will have over 3,100 employees located in Wisconsin.
