Universal Beauty Purchases Glendale Heights Warehouse
As seen in RE Journals
Universal Beauty Products, the private label manufacturer of health and personal care products, has purchased a 221,104-square-foot industrial facility in Glendale Heights, Ill. The warehouse, located at 500 Wall Street, is situated on 9.45 acres and includes 35,772 square feet of office space, 16 interior docks, two drive-in doors and parking for 170 cars.
Universal Beauty will relocate from its current Elk Grove Village location after the completion of the construction of its office and lab space.
Brian Colson, executive vice president, and Eric Fischer, senior associate, with NAI Hiffman’s industrial services group, represented Universal Beauty Products in the transaction. David Bercu and Brian Kling with Colliers International, represented the seller, ML Realty Partners.
“Univeral Beauty needed to expand and decided to take advantage of the favorable financing environment by purchasing a building they could claim as their long-term headquarters,” said Colson in a release. “The facility at 500 Wall Street in Glendale Heights fit their location, warehouse and office requirements along with achieving their financial goals.”