Podolsky|Circle Advises Sanco in Industrial Building Sale
Sanco Industries Sells Single User Industrial Building in Lincolnshire
Sanco Industries, the original user/investor of a facility in Lincolnshire, Ill., has sold its building. Adam J. Tarantur, CCIM, represented the seller in the transaction.
The single tenant building sold by Sanco is located at 555 Bond Street in Lincolnshire. It was acquired by Hwacheon Machinery America for an undisclosed purchased price.
Sanco is a telecommunications firm that supplies a custom locking mechanism system to prevent vandalism and improve the reliability of critical phone service. Hwacheon is a Korean manufacturer and distributer of machinery.
The Bond Street building totals 13,768 square feet of space, including 3,989 square feet of office space. Other characteristics of the high image building, developed in 1990, include 18’ clear ceiling heights, one (1) interior dock w/leveler, one (1) drive-in door and parking for 25 automobiles. Additionally, as part of the property acquisition, Hwacheon also purchased the adjacent lot which totals just under an acre and is suitable for future building expansion.
With the sale of this building, Sanco Industries will be relocating to a different space in the area that better accommodates their evolving needs.