BROKAW (WAOW) - The former Wausau Paper mill in Brokaw has been sold again.
Niagara Worldwide LLC and its subsidiary Brokaw Development said Monday it sold the 50-acre site for an undisclosed amount.
Don Jacobsmeyer, director of real estate for Niagara Worldwide, said Brokaw Holdings LLC, a subsidiary of B & B Metals, a metal scrap company located near Manitowoc owned by Bob Burrows, purchased the property.
"Hopefully, there will be jobs created," Jacobsmeyer said. "There was some good warehouse and manufacturing space. He will be able to use most of that."
In February 2012, Wausau Paper closed its oldest mill in Brokaw, which made paper for printing and writing for more than 100 years. The move eliminated 450 jobs.
Brokaw Development acquired the property last fall and had planned an auction sale of some of what it salvaged from the plant. The company said Monday the auction has been canceled.
In mid-March, the Village of Brokaw sued Brokaw Development because it claims the company violated an ordinance related to clearing out the vacant buildings.
Jacobsmeyer said that dispute played a role in the latest sale.
"We had been working with this guy since last September," he said, referring to Burrows. "It had something to do with it but it didn't cause it or really change it."
Jacobsmeyer said owning the property for a relatively short period of time was not unusual.
"You have to think smart and be quick these days to run a profitable operation," he said.