Brown Commercial Group represented the buyer, IP Automation, Inc., in its purchase of a 50,632-square-foot industrial facility in Chicago’s west suburban market.
The facility at 400 E. Fullerton Ave. in Carol Stream, Illinois, will serve as the company’s new headquarters. The buyer will be relocating from its existing location in Downers Grove in 2025.
Brown Commercial Group Partner Mike Antonelli represented the buyer as part of a two-year site selection and market analysis that included evaluating existing buildings as well as new construction opportunities throughout the Chicago market.
The buyer was one of several bidders on the property and was able to close by year-end 2024, which helped secure the deal. The Carol Stream facility also included a larger office space build out and existing power supply to support the company’s operational needs. The seller was represented in the transaction by Savills.
