Construction and demolition materials recycling company Sorce Services LLC, Franksville, Wisconsin, has reportedly purchased a 32,400-square-foot building in Waukesha, Wisconsin.
According to an online report by the Milwaukee Business Journal, Sorce Services paid $1.1 million for the building, which had been on the market since early July 2015.
The building was formerly owned by Waukesha County, which had used it to operate a recycling center for paper, bottles and cans collected throughout the County. Earlier in 2015, Waukesha County consolidated its recycling sorting and processing with the city of Milwaukee, according to the Business Journal.
A real estate broker quoted in the article says there were two bidders for the building, which sold quickly in a market where demand for 20,000-to-40,000-square-foot industrial buildings is exceeding supply.
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