X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NILES, IL-IPP Lithocolor has bought a 64,024-square-foot warehouse at 7300 Natchez. The film and electronics solutions company paid $4.1 million to purchase the facility from temperature measurement product manufacturer IRCON, based in Santa Cruz, CA. The building will serve as the new headquarters for IPP Lithocolor, which was formerly based out of Chicago.

Stephen J. Connolly, EVP with NAI Hiffman’s Industrial Services Group, represented IPP Lithocolor in the sale, while Matt Mulvihill with Grubb and Ellis represented IRCON. “The purchaser needed a facility with close proximity to downtown Chicago, heavy power for their operation, and a fully air-conditioned warehouse,” Connolly said. “This building allowed for that as well as a site with land for future expansion.”

IPP Lithocolor was founded in 1956. IPP and its sister company, Randolph Street Press, produce multicolor sheet-fed printing for catalogs, direct mail, point-of-purchase items and posters. Founded in 1962, IRCON manufactures products to that address difficult temperature measurement and monitoring challenges, requiring precise temperature measurement and control.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.