Real estate brief: 17 more properties for Foxconn sell

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Foxconn bill signed

The Village of Mount Pleasant is continuing to acquire land for the first phase of Foxconn Technology Group’s 22-million square foot manufacturing campus.

The Foxconn campus will include multiple buildings totaling 22 million square feet on a 1,000-acre parcel. The project is expected to generate $31 million per year in new property tax revenue, which is expected to pay for all of the public improvements and development costs incurred by the tax increment district.

Read more about the project: Foxconn building in Mount Pleasant.

The total project investment for the building project is $764 million, which is funded by Foxconn through TIF-related payments. This includes $168 million for land acquisition, of which Foxconn is paying $60 million to complete the land purchase.  The company plans to make Thin Film Transistors (TFTs), which help improve the image quality of Liquid Crystal Displays (LCDs) for the electronics industry.

Here’s what the Village of Mount Pleasant purchased between April 23 through April 27:

  • 4330 90th St., a two-acre property with a single-family home, sold for $443,500.
  • 4436 90th St., a four-acre property with a single-family home, sold for $959,000.
  • 11310 Durand Ave., a one-acre property with a single-family home, sold for $333,200.
  • 11326 Durand Avenue, a one-acre parcel with a single-family home, sold for $269,200.
  • 4429 90th St., a four-acre parcel with a single-family home, sold for $562,500.
  • 4444 90th St., a one-acre parcel with a single-family home, sold for $665,000.
  • 5138 90th St., a 14-acre parcel with a single-family home, sold for $1.055 million.
  • 11609 Bruan Rd., a one-acre parcel with a single-family home, sold for $539,300.
  • 11820 Braun Rd., a one-acre parcel with a single-family home, sold for $392,000.
  • 11838 Braun Road, a two-acre parcel of land with a single-family home, sold for $445,200.
  • 21 acres of agricultural land on Highway 41 sold for just over $1 million.
  • 9144 County Line Road, a three-acre parcel with a single-family home, sod for $517,000.
  • 4529 Highway 41, a 19-acre parcel of agricultural land, sold for just over $1 million.
  • 4529 Highway H, an 18-acre parcel of agricultural land, sold for $933,000.
  • 5142 Highway H, a one-acre parcel with a single-family home, for $392,000.
  • Vacant land on Wheaton Lane, which has a seven-acre parcel with a single-family home, sold for $1.4 million.

Also, Minnetonka, MN-based FM6 WI MP LLC sold an industrial building at 13315 Globe Drive to Hawaii-based James Campbell Company LLC for about $13.7 million.

Foxconn started leasing the building in the fall for assembly operations. The electronics manufacturer just placed a sign with its name on the building, according to a story by the Journal Sentinel.