MILWAUKEE — Gov. Scott Walker announced that Foxconn Technology Group chose the former Northwestern Mutual Life Insurance Co. building at 611 E. Wisconsin Ave. in downtown Milwaukee as the company’s North American headquarters.

Northwestern Mutual says Foxconn is buying the old, seven-story Northwestern Mutual Life building to serve as its North American headquarters, according to sources and published reports.

Northwestern Mutual spokeswoman Betsy Hoylman stated Monday: “With the opening of our Tower and Commons last summer, our workforce has settled into new work spaces across our inter-connected downtown campus, and our building located at 611 E. Wisconsin Ave. is no longer needed. Our Real Estate Investment team has a signed letter of intent to sell the office building to Foxconn. We welcome our new neighbor to downtown Milwaukee.”

Walker’s news conference was held at the new, 32-story Northwestern Mutual Life building at 805 E. Mason St. in downtown.

Taiwan-based Foxconn is planning to build an approximately $10 billion manufacturing campus in the southwestern part of Mount Pleasant. The campus is expected to employ about 3,000 people by 2020, and possibly up to as many as 13,000 at the peak.

Foxconn manufactures liquid crystal display panels, finished monitors and other technologies.