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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.

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