Reich Brothers
In the News

The CAP Times | June 12, 2019

Wisconsin officials say Oscar Mayer site is poised to be economic engine for the north side

The Oscar Mayer site on Madison’s north side is poised to become of hive of commercial activity, according to city and state officials with 700,000 square feet of office space and light industrial ready for tenants.

That’s almost half of the 1.8 million total square feet of building space on the sprawling 72-acre property, which was vacated by Oscar Mayer in 2017 after nearly a century.

“We are very much just at the beginning of this story of Oscar Mayer’s second chapter for this site,” said Madison Mayor Satya Rhodes-Conway. “I’m very excited for the future.”

Read more about it here.

CoStar May 31, 2019 | MAKARY ZAKI

New York Firm Plans to Renovate SPX Facility in Tulsa, Pitch to New Manufacturing Tenants

Reich Brothers Buys 228,000-SF Industrial Facility for $5 Million

National Industrial real estate firm Reich Brothers purchased a heavy manufacturing facility in Tulsa, Oklahoma, that it plans to renovate for new manufacturing tenants.

The White Plains, New York-based firm acquired the property from SPX Corp., which hosted its main manufacturing and warehousing location at the 228,000-square-foot complex. The SPX plant is currently separated into a 160,000-square-foot warehouse, a 40,000-square-foot fabrication building, and a 28,000-square-foot stand-alone office building.

Reich Brothers is planning to renovate the facility to attract new manufacturing tenants, the company said in its statement announcing the sale…

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CoStar May 13, 2019 | Nicoletta Winning

New York Investor Buys Nashville Industrial Facilities for $8.4 Million

Cardinal Industrial Sells Wright Industries

White Plains, New York-based Reich Brothers purchased four industrial facilities totaling 182,200 square feet in Nashville from Cardinal Industrial. Wright Industries sold for $8.37 million, or about $46 per square foot.

The property at 707 Spence Lane comprises a total of five loading docks, 10 drive-in bays and a 38-foot clear ceiling height. Built in 1960, the facilities span 9.6 acres less than five miles from Nashville International Airport.

The buyer plans to renovate the buildings and convert them to allow for multiple tenants…

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WMTV Madison WI May 07, 2019

A look inside the former Oscar Mayer plant

MADISON, Wis. (WMTV) — It’s been a staple of the Madison area for decades, and now changes are underway at the former Oscar Mayer building.

 NBC15 News has been following the progress of what’s now called OM Station since the Oscar Mayer plant closed its doors in 2017. In October 2017, Reich Brothers and Rabin Worldwide purchased the 72 acre site. Since then crews have been working to revamp the building.

Last week, NBC15 spoke with the CEO of The Bodgery, OM Station’s newest tenant. Now, NBC15 is taking a look inside the building.

“It’s hard to understand,” says Nate Ellis, Senior Vice President of Rabin who is overseeing the project. “You drive by, and new wires in the ground, you don’t see it.”

Read about it and see the video

Milwaukee Journal Sentinel Feb 22, 2019

South Milwaukee’s former long-time Bucyrus/Caterpillar buildings begin redevelopment for new uses

SOUTH MILWAUKEE — Since 1893, some of the world’s biggest construction and mining equipment, including massive steam-operated shovels that dug the Panama Canal, have been built in South Milwaukee.

Now, a large chunk of those former manufacturing operations are being redeveloped —bringing new industrial companies and other businesses to a site that has been underused for years.

“It’s exciting for the city,” said Mayor Erik Brooks. “There’s been a lot of good, positive momentum there.”

Read about it and watch the video

Commercial Real Estate News April 17, 2019

Columbus-Area Quad Graphics Facility Will See Multi-Tenant Use

A former Quad/Graphics facility in Columbus, OH will be repurposed for multi-tenant use, Reich Brothers said Tuesday. The New York City-based firm acquired the 142,223-square-foot production and warehouse facility at 4051 Fondorf Dr. for an undisclosed sum.

Located on 7.17 acres, the facility served as Quad’s main production and warehousing location in the region until 2017. It’s directly adjacent to Walmart’s distribution and logistics hub, as well as other prominent distribution/warehousing sites in the tight Franklin County submarket…

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PR Newswire Apr 16, 2019

Reich Brothers Announces Purchase of Infill Quad Graphics Manufacturing and Distribution Facility

NEW YORK and LOS ANGELES, April 16, 2019 /PRNewswire/ — Reich Brothers is pleased to announce the acquisition of the 142,223 square foot production and warehouse facility located on 7.17-acres in Columbus, OH. The facility served as Quad Graphics main production and warehousing location in the Columbus market with proximity to major highways I-70 and I-270, and just 12 miles from John Glenn International airport…

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Milwaukee Journal Sentinel Feb 22, 2019

South Milwaukee’s former long-time Bucyrus/Caterpillar buildings begin redevelopment for new uses

SOUTH MILWAUKEE — Since 1893, some of the world’s biggest construction and mining equipment, including massive steam-operated shovels that dug the Panama Canal, have been built in South Milwaukee.

Now, a large chunk of those former manufacturing operations are being redeveloped —bringing new industrial companies and other businesses to a site that has been underused for years…

Read about it at forbes.com or download the PDF

Milwaukee Business Journal Jan 13, 2019

Renovations begin to open South Milwaukee Bucyrus campus to new businesses

That property on Milwaukee Avenue most recently housed mining office and manufacturing operations for Caterpillar Inc., which acquired Bucyrus-Erie in 2011. Caterpillar has moved out of the campus, ending its history as a one-company mining equipment campus that stretches back to the 1800s.

Reich Brothers LLC bought the campus in August, and now will transform it into a more traditional, urban business park with offices and manufacturing space for multiple companies, said Michael Reich, director of acquisitions and business development for the New York firm. City officials are working with Reich to design new public infrastructure to weave the campus into the surrounding city street grid and open it to the general public.

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 Milwaukee Business Journal October 26, 2018

CARW crowns its 2018 real estate deals of the year

The Commercial Association of Real Estate Wisconsin Judge’s Choice award went to the $13.27 million sale of the former Caterpillar/Bucyrus-Erie campus in South Milwaukee to New York investors Reich Brothers LLC. The large campus has eight buildings with a combined 750,300 square feet…

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Milwaukee Business News August 1, 2018

Southern half of South Milwaukee Caterpillar site sold for $13.5 million

Reich Brothers completes planned acquisition

A large portion of the Caterpillar Inc. campus in South Milwaukee was sold Tuesday to Reich Brothers Holdings LLC for $13.5 million.

The White Plains, New York-based firm told BizTimes in June that it planned to acquire the 32.5-acre southern portion of the industrial campus from Great Neck, New York-based One Liberty Properties Inc. The eight-building campus at 1022 and 1100 Milwaukee Ave. totals 750,300 square feet.

“Reich brothers specializes in the purchase of intact manufacturing facilities and specifically industrial campuses, so this checked all the boxes in terms of our investment criteria,” said Michael Reich, co-director of business development and acquisitions at Reich Brothers. “We typically buy distressed properties in former campuses and our goal typically, especially in this situation, is to revitalize the campus and bring new life to the downtown South Milwaukee area”…

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Milwaukee Business Journal, Wednesday August 1, 2018

Former Bucyrus campus in South Milwaukee sold, revitalization planned

New York investors Reich Brothers LLC on Tuesday acquired the large office and manufacturing campus that Caterpillar Inc. leases in South Milwaukee for $13.27 million, with plans to refill it after the company moves out.

The large campus has eight buildings with a combined 750,300 square feet in the center of South Milwaukee, said Tom Shepherd, partner in Colliers International | Wisconsin, who listed the property for sale. One Liberty Partners Inc. of New York state sold the property…

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Milwaukee Business News August 01, 2018

Reich Brothers plans to buy southern half of Caterpillar campus in South Milwaukee

New York-based firm also bought former Oscar Mayer plant in Madison

A New York-based company specializing in acquiring closed factories and redeveloping them has a large portion of the Caterpillar campus in South Milwaukee under contract to purchase.

Reich Brothers Holdings, LLC plans to buy the 32.5-acre site, the southern portion of the Caterpillar campus in South Milwaukee, from Great Neck, New York-based One Liberty Properties Inc. for an undisclosed price within the next few weeks, said Michael Reich, vice president and director of acquisitions and business development…

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Bensenville, Illinois (PRWEB) JULY 31, 2018

Aaron Equipment Company Announces Bidding Close Date for Biofuels Plant Liquidation Sale

On May 7, 2018, Aaron Equipment Company, on behalf of Tenaska Commodities, LLC, opened bidding on the assets of a Clinton, Iowa biodiesel plant. The auction has been taking place in conjunction with Reich Brothers, LLC, which specializes in complex asset dispositions and liquidity enhancements for companies undergoing structural changes. The sale marks Aaron Equipment Company’s second biofuels liquation this year and bidding is now in the homestretch. Interested buyers have until 5:00 p.m. Pacific Standard Time this upcoming Friday, August 3, 2018, to get in their bids. An asset purchase and sales agreement can be downloaded from Aaron Equipment’s website…

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Milwaukee Business Journal Wednesday June 19, 2018

Caterpillar’s soon-to-be-vacant South Milwaukee complex being sold to New York company

The large complex Caterpillar Inc. will soon vacate in South Milwaukee is under contract for sale to Reich Brothers LLC, a New York company with about 5 million square feet in holdings that include property in Wisconsin.

Company co-CEO Jonathan Reich confirmed the contract to buy the property, which has about 29 acres of office and manufacturing buildings between Rawson and Milwaukee avenues. He said the sale is scheduled to close in the last half of July, and declined to comment on future plans for the property…

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Wisconsin State Journal June 8, 2018

Former Oscar Mayer offices come back to life

The former Oscar Mayer complex has its first occupants — at least, for now.

About 80 employees of TASC — Total Administrative Services Corp. — began working Monday in a small portion of the nine-story office building at 910 Mayer Ave. that housed Oscar Mayer’s headquarters for nearly 60 years.

TASC is renting 13,000 square feet of office space for one year, with options to renew, TASC spokesman Bruce Stein said…

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Columbus, Ohio WSYX/WTTE April 28, 2018

Realty company gets jump start on marketing former Columbus Castings site

The current owners of the former Columbus Castings property in south Columbus aren’t wasting time marketing the 77-acre parcel along Parsons Avenue.

For lease signs from commercial realty company CBRE began popping up in the past few days at the former steel foundry site.

Jon Reich, of Reich Brothers, who bought the property when Columbus Castings closed, said Monday even though demolition and EPA testing could take a year to complete, he’s optimistic.

Southside Area Commission member Curtis Davis agrees.

“Now’s the time to start having those conversations on land acquisition and buildings and design,” Davis said while visiting the abandoned site Monday.

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 Portland Business Journal Mar 27, 2018

Reich Brothers Announces Purchase of State-of-the-Art Panasonic Manufacturing Facility in Salem, OR

This former Panasonic Class-A Manufacturing/Warehouse facility will be repurposed to generate jobs and stimulate the Salem, OR economy

NEW YORK and LOS ANGELES and CHICAGO, March 27, 2018 /PRNewswire/ — Reich Brothers is pleased to announce the acquisition of a state-of-the-art 129,850 square foot , production and warehouse facility located on 19.66-acres in Salem, OR. The facility was constructed in 2009 by Sanyo Solar, a subsidiary of Panasonic Corporation, for roughly $80,000,000 and was designed to manufacture silicon ingots for solar power cells…

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Salem Statesman Journal March 15, 2018

Former Panasonic solar plant in Salem sells to New York firm for $7.7 million

In a deal that closed this week, Japanese electronics company Panasonic Corp. sold the property at 5475 Gaffin Road SE to White Plains, New York-based Reich Brothers Holdings.

The sale price was $7.7 million, Marion County records show.

Curt Arthur, managing director of SVN Commercial Advisors, said Salem’s industrial vacancy rate is below 2 percent, illustrating a clear need for more manufacturing space at a time when demand is far surpassing the supply of available buildings…

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Equipment Finance Advisor February 05, 2018

Reich Brothers Closes Capital Lease for Dry Van Trailers

Reich Brothers Business Solutions, LLC (“RBBS”) closed a $1.28MM capital lease facility backed by dry van trailers for a Texas-based regional trucking company operating out of terminals in Dallas, TX, Oklahoma City, OK, and Denver, CO. RBBS has extensive experience with tractor trailer fleets and was brought into the transaction by a company advisor due its responsiveness and ability to meet the lessee’s structural considerations. Due to the success in funding the initial equipment schedule, RBBS is currently working with the company to structure a $2.7MM capital lease for another group of trailers in the company’s fleet…

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WMTV Madison WI November 6, 2017

Exclusive interview with new owners of Oscar Mayer property

Reich Brothers and Rabin Worldwide purchased the 72 acre site on October 18. They’re in town this week for meetings with government and community stakeholders.

“This project has been a year in the making,” says Shira Weissman, COO and general counsel of Rabin Worldwide, “There’s been a lot of work on the front end. We have big power, big water, big sewer, but making sure those are going to be accessible for all of the buildings on site is the work we’ve been doing.”

“There really is so much to do. We have 60,000 square feet of industrial space over there. That space we can in effect lease out tomorrow,” explains Marc Esrig, Senior Vice President of real estate development with Reich Brothers, “We have this beautiful warehouse space, about 143,000 square feet that we effectively have to re-engineer part of it”…

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Monitor Daily October 26, 2017

Reich Brothers Closes $2.6MM Lease for Textile Manufacturing Equipment

Reich Brothers Business Solutions partnered with another lender to close a $2.6 million capital lease facility backed by the textile manufacturing equipment of a North Carolina-based manufacturer of dobby and jacquard fabrics for upholstery, bedding, wall covering and drapery applications…

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Wisconsin State Journal October 11, 2017

Reich Brothers says it will buy shuttered Oscar Mayer property

Reich Brothers Holdings, a company that buys shuttered factories and sells their assets, says it has agreed to purchase the former Oscar Mayer headquarters and hopes to bring manufacturing back to the East Side site.

The transaction is expected to close at the end of October, said co-CEO Adam Reich.

“We firmly believe anything we do with the property should be in concert with local and state officials, with the infrastructure, the economy and with the job base,” Reich told the Wisconsin State Journal. “We are looking to do something that’s going to attract jobs.”

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 WISC TV Madison October 11, 2017

Reich Brothers Holdings agrees to buy Oscar Mayer plant

MADISON, Wis. – Reich Brothers Holdings, a company that buys and repurposes old manufacturing plants, has agreed to buy the Oscar Mayer plant on Madison’s northeast side.

Madison Mayor Paul Soglin said he expects the new ownership will bring 600 to 3,000 jobs to the area…

VIEW THE VIDEO