Paine/Wetzel • ONCOR International has announced that Edward Wabick, principal; Jerry Sullivan, principal; and Brandon Wright, associate of the firm, have completed the sale of an over 350,000-square-foot industrial building to G&W Electric Co. in Bolingbrook, Ill.
G&W Electric Co., a manufacturer and distributor of high voltage electrical distribution equipment, is relocating its corporate headquarters from Blue Island, Ill to this industrial building located at 305 Crossroads Parkway in Bolingbrook. G&W intends to modify the existing facility to suit their manufacturing processes for medium and high voltage electrical equipment as well as establishing their world headquarters at this site.
“The Village of Bolingbrook is very excited to see such a high quality company locate their new corporate headquarters to the area and bring approximately 320 jobs,” stated Wabick in a release. “G&W primarily chose the building due to its location with easy expressway access, close proximity to several amenities including hotels, restaurants, O’Hare International Airport, Midway Airport as well as the city of Chicago.”
Founded in 1905, G&W Electric is a provider of innovative solutions to the electric power industry. Its product offerings include load and fault interrupting switchgear, automatic circuit reclosers, SCADA and distribution automation products, cable terminations, cable joints and high current limiting system protection devices.
Wabick and Wright of Paine/Wetzel • ONCOR International represented the buyer, G&W Electric, in the transaction and Sullivan of Paine/Wetzel • ONCOR International worked on behalf of the seller, Prudential Real Estate Investors.
Paine/Wetzel • ONCOR International Inc., headquartered in Chicago, is a full-service real estate firm providing comprehensive brokerage services to investors, users and owners of commercial, office and industrial properties.