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ROSELLE, IL-Sternberg Vintage Lighting has paid $6.34 million for 555 Lawrence Ave., a 153,072-sf building that includes office as well as showroom space. Giftware distributor Roman, Inc. sold the building, located on a 5.8-acre site east of this northwest suburb’s Downtown area.

The Northern DuPage County industrial market has seen direct vacancy rates drop two full percentage points in 2004 to 8.2% starting the fourth quarter, according to Delta Associates, Transwestern Commercial Service’s research arm. When sublease space is factored in, vacancy is 8.8%, still healthier than the entire market.

Dan Fanelli of Darwin Realty and Development represented Sternberg Vintage Lighting while NAI Hiffman executive vice president and managing director John Cash, SIOR and executive vice president Anthony Burns handled negotiations for Roman, Inc.

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