Paine/Wetzel/TCN Worldwide has completed an industrial sale transaction on behalf of Chicago Properties LLC in Des Plaines.
Formusa USA has purchased a 25,010-square-foot building located at 2150 Oxford in Des Plaines to accommodate the expansion and relocation of the firm’s manufacturing operations. Founded in Chicago in 1898, Formusa began as a local importer and has grown into a major corporation with a nationwide customer base. The company sells Italian food specialties under the Marconi label.
The company chose the facility primarily because of the excellent O’Hare location and the 6B tax reduction from the city of Des Plaines. Features of the building include: 18-foot clear ceiling height, 3,500 square feet of office space, three docks and ample parking.
Elise Couston, executive vice president and Les Spinner, executive vice president of Paine/Wetzel/TCN Worldwide, worked on behalf of the seller, Chicago Properties LLC. Jay Maher and Larry Goldwasser of Cushman & Wakefield worked on behalf of the buyer.