CRE Midwest

Sanco Industries sells single user industrial building in Lincolnshire

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Sanco Industries, the original user/investor of a facility in Lincolnshire, has sold its building. The single tenant building sold by Sanco is located at 555 Bond St. in Lincolnshire. It was acquired by Hwacheon Machinery America for an undisclosed purchased price.

Sanco Industries, the original user/investor of a facility in Lincolnshire, has sold its building. The single tenant building sold by Sanco is located at 555 Bond St. in Lincolnshire. It was acquired by Hwacheon Machinery America for an undisclosed purchased price.

Sanco is a telecommunications firm that supplies a custom locking mechanism system to prevent vandalism and improve the reliability of critical phone service. Hwacheon is a Korean manufacturer and distributor of machinery.

The Bond Street building totals 13,768 square feet of space, including 3,989 square feet of office space. Other characteristics of the high image building, developed in 1990, include 18-foot clear ceiling heights, one interior dock with leveler, one drive-in door and parking for 25 automobiles. Additionally, as part of the property acquisition, Hwacheon also purchased the adjacent lot, which totals just less than an acre and is suitable for future building expansion.

With the sale of the building, Sanco Industries will be relocating to a different space in the area that better accommodates their evolving needs.

Adam Tarantur, principal, Podolsky|Circle CORFAC International, represented the seller in the transaction; the buyer was represented by Stephen Sullivan with NAI Hiffman. The seller’s attorneys were Kelly Bufton and Scott Schonfeld of Seyfarth Shaw. The buyer’s attorney was Gus Apostolopoulos of Lucas and Apostolopoulos.