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ST. CHARLES, IL-Local industrial refrigeration company H.A. Phillips & Co. has paid $2.065 million for a 41,712-sf building on 3.8 acres in St. Charles Business Park. Meanwhile, Omron Manufacturing of America acquired a 50,400-sf building on three acres at 3632 Stern Ave. for an undisclosed price.

Financing for H.A. Phillips & Co.’s acquisition of 1775 Wallace Ave. came from First American Bank, which according to property records provided a $1.2-million mortgage.

Property records indicate the seller of 3632 Stern Ave., Chicago-based First Industrial Realty Trust acquired the building in 2000 for $1.78 million.

NAI Hiffman’s Stephen M. Masters represented Burgundy Products, seller of the property, at 1775 Wallace Ave. Coleman Land Co. VP Mark Coleman represented H.A. Phillips & Co.

Jane Robins of Arthur J. Rogers & Co. represented Kyoto, Japan-based Omron Manufacturing of America in its purchase. Greg Pacelli and Keith Stauber of Colliers, Bennett & Kahnweiler Inc. handled negotiations for First Industrial Realty Trust.

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