Paine/Wetzel/TCN Worldwide has announced that the firm recently completed four industrial transactions.
Micromatic Spring and Stamping Co. Inc., a manufacturer of springs, wireforms and stamped products, has purchased the 72,000-square-foot building located at 45 N. Church St. in Addison. The former occupant of 9325 King St. in Franklin Park was drawn to the property due to the heavy power and low DuPage County taxes. Phil Reiff Sr., senior vice president, and Phil Reiff Jr., associate of Paine/Wetzel/TCN Worldwide represented the buyer. Dan Brown, president, and Mike Antonelli, sales associate of Brown Commercial Group Inc. represented the seller, Lillypad Development Inc.
United Packaging Products has purchased a 52,326-square-foot building at 854 Fairway in Bensenville. The packaging company is relocating from 1090 Pratt in Elk Grove and chose the building due to the 24-foot clear ceiling height, eight exterior docks and modern office space. Phil Reiff Sr. and Phil Reiff Jr. represented the seller, Interstate Wrapping Products. Jonathan Kohn, senior vice president of Colliers International, represented the buyer.
Paulsen Pipe LLC, a distributor for carbon steel pipe, leased a 30,000-square-foot space within an 80,000-square-foot building at 511 W. Armory in South Holland. The company is starting a new business and will use the large yard area for pipe storage. Phil Reiff Sr. and Phil Reiff Jr. represented the landlord, Small Brothers LLC. Matt Minik of Jupiter Realty Services LLC represented the tenant.
VKF Renzel, USA Corp., a distributor and manufacturer of widespread sales advertising products, has leased a 22,282-square-foot space at 1400 Devon in Elk Grove Village. The company is expanding from its previous location in Arlington Heights. Samuel Badger, senior vice president of Paine/Wetzel/TCN Worldwide, Phil Reiff Sr. and Phil Reiff Jr. represented the tenant, and Patrick Shannon along with Rick Daly of Darwin worked on behalf of the landlord, ProLogis.