Industrial N Illinois

CBRE assists Helm Tool Company in purchase of 93,000-SF Schaumburg HQ

CBRE assists Helm Tool Company in purchase of 93,000-SF Schaumburg HQ,ph1

CBRE recently represented Helm Tool Company in the acquisition of 1420 S. Wright Boulevard in Schaumburg, Illinois, a 93,477-square-foot property that will serve as the company’s new headquarters. The firm will relocate from three area properties—two in Elk Grove Village and one in Des Plaines—after completing significant renovations to the new Schaumburg location.

Founded in 1977, Helm Tool Co. specializes in tool building for the plastics industry, die making and plastic injection molding. Cal Payne, Matt Mulvihill, Kevin Segerson and Philip DeBeor of CBRE represented Helm Tool Co. in the transaction. Jason Talanian of Glenwood Commercial represented ownership.

“This new facility will be an excellent centralized location for Helm Tool to combine all of its area operations,” said Payne. “With its new workspace and all of its employees under one roof, the firm will recognize many new efficiencies.”