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ELGIN, IL-Nearly 60,000 sf of industrial space here has changed hands in separate deals for more than $3 million. Wisdom Adhesives bought a 31,050-sf building at 1575 Executive Way from CenterPoint Properties while computer company Elarasys Properties LLC bought a 26,500-sf building, which includes showroom space, at 180 Corporate Dr.

Although the purchase price was not disclosed, the asking price for Franklin Park-based Wisdom Adhesives’ new building was $1.675 million. Likewise, the purchase price for Elarasys Properties LLC’s new location also was not disclosed, but property records indicate it was acquired with a $1.615-million mortgage from American Chartered Bank, at a 6.75% interest rate.

Grubb & Ellis SVP Brian Carroll represented Wisdom Adhesives while fellow Grubb & Ellis SVP Bruce Granger represented CenterPoint Properties. “Nate Rexroth of CenterPoint approached the team about marketing the building for sale or lease, and we were able to have the property under contract within 75 days,” Granger says.

Paine/Wetzel-ONCOR International SVP G. Pat Ryan represented Eastern Development Group, while Raymond Zawacki of Action Realty represented the new owner.

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