MAG Capital Partners, LLC, purchased a 36,799-square-foot manufacturing facility at 1735 Mitchell Boulevard in Schaumburg, Illinois, in a sale-leaseback transaction with Summit Interconnect Intermediate, Inc., which acquired long-time tenant Eagle Capital Group in 2021. Terms of the transaction were undisclosed.
Built in 1980, the 3.263-acre property includes office space and approximately 2.8 acres of excess land used for truck/trailer parking, which is fully leased. The site is ideally located within the Chicago MSA with direct highway access to the “Golden Corridor,” a stretch along I-90 that runs from Bensenville, Illinois, to Elgin, Illinois, and contains some of the world’s most significant manufacturers.
Summit Interconnect is a leading provider of complex printed circuit boards focused on fast growing defense and high-performance commercial sectors in the North American market. Through its manufacturing facilities and global sourcing services, Summit offers solutions ranging from advanced cutting-edge prototyping to complex high mix, low-to-mid volume production. It is an industry leader in quick-turn manufacturing and has expertise with a wide range of materials including high speed digital, RF and mixed constructions.
Plans for improvements on the highway corridor are being coordinated by county, state, and regional agencies to further leverage its access to a multi-modal transportation network, world class research labs and universities, and quality infrastructure.
Both buyer and seller were represented by Krupa Shah of Stream Capital Partners’ Chicago office.