X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WHEELING, IL-Wood Brothers Steel Stamping has acquired a 30,300-square-foot building at 2211 Foster Ave. The property was acquired from Marathon Cutting Die Inc. for $1.1 million. Marathon was represented in the deal by Avrum Levin of Chicago-based Diamond Realty Group Inc., while Wood Brothers was represented by Frederick Block, president and managing broker of Lake Bluff, IL-based Block Realty Advisors Inc.

“Besides excellent access to the Tri-State Tollway and the company’s employee base, the Wheeling building provides the truck docks and drive-in doors they need to facilitate shipping and receiving of product,” Block says. “The company also qualified for Cook County’s 6b Tax Reduction program.”

Wood Brothers relocated and expanded its metal-stamping operations from a smaller building in Chicago to the Wheeling building. Built in the mid-’70s, the two-acre property is expandable to 45,000 square feet, currently offering 4,000 square feet of office, 25-foot clear ceilings, two truck docks, four drive-in doors and parking. The move came as part of a strategic business growth plan for the company and its divisions – Panther American and Midwest Perforating.

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
  • 1 free article* every 30 days across the ALM subscription network
  • 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 © 2021 ALM Media Properties, LLC. All Rights Reserved.