Two suburban businesses relocate

Truck Tire Express is buying a 31,059-square-foot industrial warehouse at 1001 Fargo Ave., Elk Grove Village, where it will double its space and move its corporate headquarters from Addison, according to Brown Commercial Group.

In addition, Krumwiede Home Pros, a home remodeling business that will be moving from a 5,000-square-foot space in Bensenville, has purchased a 20,000-square-foot industrial building at 361-365 Balm Court in Wood Dale, the commercial real estate agency said.

Both transactions were negotiated by Trinity Scurto, Brown Commercial Group partner.

Scurto represented the seller, Innovative Rack & Gear Co., in the sale of the Wood Dale building.

Terms of the two deals were not disclosed.

"Chicago's O'Hare submarket is seeing record industrial demand and a shortage of space right now, particularly for trucking related uses," Scurto said. "We have not seen demand this high in the O'Hare market since before the 2008-09 recession. Pricing has increased as well, reflecting the lack of supply and low interest rates."