Paine/Wetzel TCN completes two Elk Grove deals
Wednesday, December 04, 2013 3:11 PM
CHICAGO -- Paine/Wetzel TCN Worldwide reccently completed two industrial sale transactions in Elk Grove Village.
E.J. Welch & Company has purchased a 75,072 square foot industrial building located at 2601 Lively Boulevard. The flooring company is relocating their operations from Morse Avenue in Elk Grove Village. Built in 1973, the building has undergone extensive remodeling and features 5,864 square feet of office space, six interior docks, one drive-in door and parking for 56 cars. Theresa Gleason, CCIM, vice president of the Paine/Wetzel PCN, represented the buyer in the transaction. Mike Sedjo, Kevin Segerson and Chris Zubel of CBRE worked on behalf of the seller, Prologis.
Eleganza Tiles has acquired a 36,323 square foot building at 2200 West Devon Ave. The company is a leading distributor of ceramic and porcelain tiles in North America for residential and commercial use. After leasing the property for five years, Eleganza Tiles made the decision to buy the facility based on the excellent location with immediate expressway access making it easy for clients as well as the great visibility on Devon Avenue. Gleason represented both the buyer and the seller, Sitex Group, in the transaction.