UGL Services, a division of UGL Limited, has announced that it has represented TK Simplex, a manufacturer of positioning and lifting products, part of Actuant Corp., a diversified industrial firm, in the disposition of a manufacturing facility and office relocation.
Consolidation of facilities within Actuant resulted in the need to dispose of its 104,000-square-foot facility located at 2525 Gardner in Broadview, and at the same time relocate the administrative, accounting, sales and product/lab-testing offices of TK Simplex to new office space in the East-West Corridor.
Actuant engaged Timothy Cahill, Robert Tamillo and Chase Macleod of UGL Services, to secure a buyer for the Broadview property and to lease approximately 7,000 square feet of new office space for TK Simplex.
The client preferred an office location relatively close to the existing facility to ensure employee retention and close proximity to a main highway in order to accommodate their global customers. The team identified an office location at Executive Place 1 at 777 Oakmont Lane in Westmont, a single-story property situated in the Oak Brook area.
The landlord is UBS REIT, represented by Jim Whiteside, president of Heartland Commercial.
TK Simplex already has relocated into the new space. The sale of the Broadview property closed in December.
Additional terms of the agreement were not disclosed.
