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Condiment Manufacturer Trades One Facility for Larger One
E. Formella & Sons, a global condiment manufacturing company, sold its 32,880-square-foot facility at 411 E. Plainfield Rd. in Countryside, IL and then purchased a new 45,594-square-foot facility at 16425 S. Kilbourn Ave. in Oak Forest, IL.
Transwestern EVP Terri Alexander represented E. Formella in the sale of its former facility and, with Transwestern VP Alex Genova, also represented the company in purchasing its new facility.
“We negotiated a competitive price for a facility that offers incentives from the city and will enable our client to double their production, all within a convenient location,” said Alexander.
Countryside KC LLC acquired E. Formella’s’ former facility in Countryside. American Blue Ribbon Holdings, LLC, the previous owner of the Oak Forest property, was represented by Hilco Real Estate’s Chet Evans and Kiefer Price.
- ◦Sale/Acquisition