DUPAGE COUNTY

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GLOBAL BUSINESS LOCATION

 

Choose the business-friendly environment, where commerce flourishes.
Choose the high quality-of-life, where a skilled workforce thrives.
Choose the globally accessible location, where opportunity arrives from every direction.

 

Choose the people, the place, the prosperity of DuPage County.

 

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Spotlight on Carol Stream

Carol Stream, Illinois

In the last year, Carol Stream economic development has been booming. Several projects (listed below) have resulted in over 1 million square-feet of new or expanded industrial building space. These projects have either been completed, are currently under construction, or under review.

 

Mercedes Benz Parts Distribution Center

Construction has been completed in October 2016 on an 84,000 square-foot addition to the company’s existing 210,000 square-foot Parts Distribution Center. Future plans call for further expansion of the Parts Distribution Center, and possible construction of a Central-US Technical Learning and Performance Training Center. 

 

DCT Industrial/CoreCentric Solutions

In October 2016, DCT Industrial completed the teardown and redevelopment of a 20-acre property on North Avenue (IL-64) with a new 350,000 square-foot build-to-suit for CoreCentric Solutions. The reverse logistics supply chain company, serving the appliance and other industries, consolidated its three previous locations in Carol Stream, Glendale Heights and Hanover Park into this single, modern building. For more information, click here.

 

Packaging Personified

Construction is currently underway on a 33,000 square-foot addition to Packaging Personified’s 81,000 square-foot headquarters facility. Packaging Personified is a flexible packaging manufacturer serving the food service, consumer products, medical, lawn and garden, and pet care industries. Work is scheduled to be completed in July 2017, and the company will add 5 new jobs in the near term, with plans to add 25 jobs over the next few years.

 

Antunes

Antunes, a custom solutions provider of countertop cooking equipment and water filtration systems for restaurants, is expanding their headquarters facility in Carol Stream. Construction is currently underway to bring their existing facility’s footprint to 144,000 square-feet (a 40,000 square-foot addition). Construction will be completed in August 2017, and the company plans to add 30-50 jobs as a result of the expansion. 

 

Dermody Properties

Dermody has demolished a 240,000 square-foot, obsolete building on North Avenue to make way for a modern, 381,000 square foot LogistiCenter, designed specifically to accommodate a future e-commerce tenant. As the largest new construction opportunity in the Central DuPage submarket, this state-of-the-art building is anticipated to be completed in Spring 2017. 

 

S&S International

S&S International, a specialty sheet metal fabricator, is currently in permit review for a 100,000 square-foot addition to its existing facility, located at St. Paul Boulevard in Carol Stream.

 

Devanco Foods

Devanco Foods, a manufacturer of gyros, chicken, Italian beef, Italian sausage, hamburgers and other meat products, moved to Carol Stream from Elk Grove Village in 2016. The company has already started construction of a 30,000 square-foot addition to their new facility.

 

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Chinese Power Tool Manufacturer Moving its North American HQ to DuPage from Michigan

Chervon Naperville

 

A Chinese power tool manufacturer is moving its North American headquarters to Naperville from Michigan, taking over an empty new building developed for a Swedish manufacturer. 

 

Grand Rapids, Mich.-based Chervon North America has subleased a 124,000-square-foot building at 1203 E. Warrenville Road, according to people familiar with the deal. The company is the North American arm of Nanjing, China-based Chervon Holdings. 

 

The company plans to bring more than 200 jobs over the next three years. It will relocate 75 workers from Grand Rapids and the Chicago suburbs of South Barrington and Geneva. Also moving there will be 37 employees who were added when Chervon completed its acquisition of Mount Prospect-based Robert Bosch Tools' Skil and Skilsaw brands on January 1. The company also plans to hire 25 new workers this year and another 75 over the next three years.

 

The Naperville building along Interstate 88 was developed for Swedish manufacturer SKF Group, which planned to have offices and research and development there. Gothenburg, Sweden-based SKF signed a 15-year lease with suburban developers Daniel Murphy and William Krug but decided not to move there in 2015.

 

Instead, SKF sought a tenant to sublease the building. Murphy confirmed that Chervon is taking over the SKF space but otherwise declined to comment.

 

The Chervon deal is good news for the west suburban economy, bringing jobs to Naperville and filling one of several big empty spaces in the area. Though the suburban Chicago office market is as strong as it has been in at least 15 years, the former OfficeMax headquarters in Naperville is empty, and ConAgra recently vacated another Naperville office building when it moved its headquarters downtown. In nearby Lisle, Navistar International is seeking a tenant to lease at least half of its campus along Interstate 88.

 

It is not known how many people Chervon will employ in the Naperville building, or when it will move in. Chervon is expected to use the facility for offices and product development.

 

Chervon representatives did not respond to requests for comment.

 

SKF declined to comment through one of its brokers on the sublease, Cushman & Wakefield Senior Director Bruce Hopple. Another Cushman & Wakefield broker, Executive Director Lou Hall, represented Chervon in the deal.

 

Workers from several Chicago suburbs and from the current Grand Rapids headquarters are expected to move to the Naperville building, which will become the firm's new North American headquarters, according to the people familiar with the lease.

 

Chervon makes power tools such as saws and drills, many of which are battery powered, with brand names including Ego and Hammerhead. It also makes outdoor equipment such as lawn mowers, blowers, trimmers and chain saws. Last year, Chervon bought the Skil tool brand from Mount Prospect-based Robert Bosch Tool.

 

Article originally published by: Crain's Chicago Business | Ryan Ori

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