An industrial building spanning 21,760 square feet located at 764 N Oaklawn Ave, Elmhurst, IL, 60126, was recently acquired by Component Products, Inc. The property features two interior docks, two drive-in doors, air conditioning, outdoor storage, and ample car parking. It provides easy access to I-294 and I-290, making it a desirable location for the manufacturer of structures for lighting and traffic signals.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not provided
• Buyer: Component Products, Inc.
• Seller: GSI Partners, LLC
• Buyer's Representative: Mike Antonelli - Brown Commercial Group
• Seller's Representative: Michael (Mike) Magliano - Cushman & Wakefield

Brown Commercial Group, based in Elk Grove Village, Illinois, was instrumental in representing Component Products, Inc. in this acquisition. Mike Antonelli, the vice president of sales at Brown Commercial, facilitated the deal for the buyer. On the other side, Michael (Mike) Magliano from Cushman & Wakefield served as the seller's representative, working on behalf of GSI Partners, LLC. The relocation from Cook County to DuPage County will not only benefit Component Products with lower taxes but also provide the company with a strategic consolidation opportunity.