Fresenius Kabi

    Fresenius Kabi
    Posted on 03/11/2019
    In August of 2018, the Village Board considered and approved a Development Agreement between the Village of Pleasant Prairie and Riverview Group, LLC. The company plans to develop approximately 308 acres of property generally located between 110th Street and 122nd Street, and along the east side of the I-94 East Frontage Road (120th Avenue) for construction of five industrial buildings.

    The developer, Venture One, announced the first building to be constructed in Stateline 94 Corporate Park to be a 590,525 square foot office, processing, and assembling facility. The occupant will be Fresenius Kabi, a global healthcare company that specializes in lifesaving medicines and technologies for infusion, transfusion, and clinical nutrition.

    “Pleasant Prairie congratulates Fresenius Kabi on its growth,” said Village Administrator Nathan Thiel, “Another excellent example of Pleasant Prairie as an attractive location for new businesses.”

    It is estimated that there will be 100 full-time employees at this facility. The project will also bring hundreds of construction jobs to the area as the site is developed and the facility is being built. Venture One plans to begin construction during spring of 2019 with anticipated completion during the spring of 2020.

    In April of 2018, the Village approved the project plan and boundaries for Tax Incremental District #7 for the developer, Venture One, to fund public infrastructure and roadway improvements, and other utilities for this development. Venture One is responsible for financing several area public improvements, and will be reimbursed through tax increment generated by the project. Public area improvements along 120th Avenue, 122nd Street, and 116th Avenue include; street upgrades, sanitary sewer extensions, watermain, street trees, sidewalks, street lights, and sitework. A permanent sanitary sewer lift station will also be installed.
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