Paine/Wetzel completes industrial sale

September 29, 2010  |  Staff Writer  |  Print Article  |  Email this Article

Paine/Wetzel • ONCOR International announced that Whit R. Heitman, principal, Samuel C. Badger, Jr., senior vice president and Brad Weiner, vice president of the firm have completed the sale of a 63,822-square-foot industrial building located at 1081 Northpoint Blvd in Waukegan, Ill.

Onsrud Cutter, a manufacturer of router bits since 1920, has purchased the industrial facility for the relocation of its manufacturing operations from Libertyville, Ill.

Situated on six acres, the company chose the building primarily due to the  location, the extra land for expansion, and the existing manufacturing components already in the building.

“McShane did a real nice job for the previous owner when they built the building in 2001.  Fortunately Onsrud needed many of the same manufacturing amenities: heavy power, air conditioned warehouse/manufacturing space and 15,000 square feet of office space,” said Sam Badger of Paine/Wetzel • ONCOR International

Whit R. Heitman, Principal, Samuel C. Badger, Jr., Senior Vice President and Brad Weiner, Vice President of Paine/Wetzel • ONCOR International represented the seller, Northpoint ADG, LLC, in the transaction and Steve Trapp of Cushman & Wakefield worked on behalf of the buyer.

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