Kenosha’s massive Kenall headquarters quietly changed hands this week in a $35.5 million sale, shifting ownership of one of the city’s most prominent industrial campuses without much fanfare.
The Deal
The transaction was first reported May 4 by the Milwaukee Business Journal, which listed the sale price at $35.5 million. County deed and transfer documents tied to the purchase are expected to be filed with Kenosha County officials in the coming days, which should confirm the details now circulating in real estate circles.
Property And Ownership
The Kenosha complex was built as a custom, build-to-suit facility and wrapped construction in 2014, when Kenall moved its operations from Gurnee, Illinois. It remains the company’s primary U.S. manufacturing base.
Kenall is now a brand of Legrand, which acquired the company in 2018, according to a Legrand press release. Kenall’s website lists the headquarters address as 10200 55th Street and describes the property as a vertically integrated manufacturing and distribution hub with on-site office space.
Local Market Context
The building, at roughly 354,000 square feet, last sold in 2019 for about $29.3 million, according to reporting by BizTimes Milwaukee. The new price tag comes amid a steady stream of out-of-state cash targeting Kenosha commercial properties this year, including a recent Walgreens deal in which a Florida buyer, as detailed in Florida investor snaps up Kenosha Walgreens, paid millions for the Green Bay Road store.
What To Watch
Once deed filings, mortgage records and any permit applications hit the public record, they will reveal who bought the Kenall campus, how the purchase was financed and whether any changes are planned for the site. For now, Kenall and Legrand continue to list the Kenosha address as an active manufacturing location in their company materials, signaling business as usual inside even as the name on the property records prepares to change.
