Quad sells extra Sussex facility to Generac in $20 million deal
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Quad sells extra Sussex facility to Generac in $20 million deal. Subscribe to BizTimes Daily - Local news about the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin. Sussex-based marketing experience company Quad has sold one of its Wisconsin facilities to generator manufacturer Generac. Quad sold the building at N64 W23110 Main St. in Sussex to Generac Power Systems for $20 million, state records show. The building sits on 34 acres of land. Quad listed the 200,000-square-foot building sale in October to help generate "future cash proceedings," said CEO Joel Quadracci. The building has been used throughout the years for a mix of administrative and manufacturing support functions, according to a representative from Quad. "The building Quad sold was built in 1990 and supported a mix of administrative and manufacturing work," according to a Monday statement from the company. "Over time, some of those functions moved to other locations - like our QuadMed corporate function, which relocated to our West Allis facility, where we have one of our premier health care clinics. As a result, the building had become underutilized and therefore no longer needed." Quad employs approximately 4,500 people across its eight other Wisconsin facilities. "The building that was sold is situated directly across the street from Quad's global headquarters...
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