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IPP Lithocolor Acquires Warehouse for New HQ

NILES, IL-The film and electronic solutions company is purchasing the facility at 7300 Natchez from temperature measurement product manufacturer IRCON for $4.1 million.

By Cari Brokamp | Updated on November 23, 2008

NILES, IL-IPP Lithocolor has bought a 64,024-square-foot warehouse at 7300 Natchez. The film and electronics solutions company paid $4.1 million to purchase the facility from temperature measurement product manufacturer IRCON, based in Santa Cruz, CA. The building will serve as the new headquarters for IPP Lithocolor, which was formerly based out of Chicago.

Stephen J. Connolly, EVP with NAI Hiffman’s Industrial Services Group, represented IPP Lithocolor in the sale, while Matt Mulvihill with Grubb and Ellis represented IRCON. “The purchaser needed a facility with close proximity to downtown Chicago, heavy power for their operation, and a fully air-conditioned warehouse,” Connolly said. “This building allowed for that as well as a site with land for future expansion.”

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