Newmark Grubb Knight Frank (NGKF) announced that Adam Marshall, CCIM, recently completed the 110,343-square-foot building sale of 2545 Northwest Parkway in Elgin, Illinois. Marshall represented the property owner, Zilber Property Group, as well as the buyer, Bucher Hydraulics.
Marshall and co-broker, Joe Bronson, SIOR, executive vice president of NAI Hiffman, represented the property owner, Zilber Property Group, in the transaction. The 110,343-square-foot industrial facility is located in Northwest Corporate Park and is adjacent to several retail, restaurant, hotel and child care facilities. Built in 1999, the building features high-end, two-story offices that are 23,200 square feet. Additional features include 24′ clear ceilings, seven docks, eight drive-in doors as well as 2,400 amps power.
Marshall also represented the buyer of 2545 Northwest Parkway, Bucher Hydraulics, an international provider of innovative hydraulic drive and control technologies for mobile and industrial hydraulic applications. Bucher Hydraulics is relocating from 1331 Davis Road, also in Elgin, where they occupied 42,531 square feet.
“Bucher Hydraulics was in need of a larger facility in Elgin to house their expanding manufacturing operations,” Marshall said. “2545 Northwest Parkway was ultimately selected due to its modern environment and high-profile image which provides the infrastructure, square footage and corporate office space needed to sustain their current and future growth.”
