Key Takeaways
- • LCM Funds Real Estate LLC, a Milwaukee-based private equity real estate firm, acquired an industrial building at 912-926 Perkins Drive in Mukwonago for $16.1 million, according to state records.
- • The property is currently occupied by GS Global Resources, an electro-hydraulic systems integration manufacturer that completed an 80,000-square-foot expansion earlier in 2025, bringing the facility's total size to 195,000 square feet.
- • GS Global Resources, which relocated its headquarters to the Mukwonago location in 2016 from a 61,000-square-foot facility in New Berlin, sold the property through an affiliate entity to LCM Funds while continuing operations at the site.
- • The transaction reflects continued institutional investment in Southeastern Wisconsin's industrial real estate market, with LCM Funds acquiring a recently expanded manufacturing facility in an active operational state.
Summary
Milwaukee-based private equity real estate firm LCM Funds Real Estate LLC has completed the acquisition of a 195,000-square-foot industrial building in Mukwonago for $16.1 million. The property, located at 912-926 Perkins Drive, is currently occupied and operated by GS Global Resources, a manufacturer specializing in electro-hydraulic system integration products.
The facility underwent significant expansion this year, with GS Global Resources completing an 80,000-square-foot addition that increased the building's size from approximately 115,000 square feet to its current 195,000-square-foot footprint. This recent capital investment by the tenant underscores the operational viability and strategic importance of the location to the manufacturer's business.
GS Global Resources has maintained a substantial presence in the Mukwonago industrial corridor since 2016, when the company relocated its headquarters from a 61,000-square-foot facility in New Berlin. At that time, GS Global Resources consolidated operations by moving to the Perkins Drive location and subsequently acquiring an adjacent facility with plans to connect the two buildings—a consolidation strategy that has culminated in the current property configuration.
The transaction was facilitated through an affiliate entity of GS Global Resources that sold the property to LCM Funds. Neither company provided immediate comment on the transaction details or future operational arrangements. The deal represents a significant private equity real estate investment in Southeast Wisconsin's industrial market, particularly given the asset's recently expanded footprint and active manufacturing occupancy.
The facility underwent significant expansion this year, with GS Global Resources completing an 80,000-square-foot addition that increased the building's size from approximately 115,000 square feet to its current 195,000-square-foot footprint. This recent capital investment by the tenant underscores the operational viability and strategic importance of the location to the manufacturer's business.
GS Global Resources has maintained a substantial presence in the Mukwonago industrial corridor since 2016, when the company relocated its headquarters from a 61,000-square-foot facility in New Berlin. At that time, GS Global Resources consolidated operations by moving to the Perkins Drive location and subsequently acquiring an adjacent facility with plans to connect the two buildings—a consolidation strategy that has culminated in the current property configuration.
The transaction was facilitated through an affiliate entity of GS Global Resources that sold the property to LCM Funds. Neither company provided immediate comment on the transaction details or future operational arrangements. The deal represents a significant private equity real estate investment in Southeast Wisconsin's industrial market, particularly given the asset's recently expanded footprint and active manufacturing occupancy.
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