Naperville City Council voted Tuesday night to sell 5 acres of land the city doesn’t need so it can become the future home of the Perma-Seal Basement Systems national headquarters. The council sold the vacant site at 1720 Quincy Ave. to the company for $770,000, which is about 81 percent of the $945,000 valuation the land was given in an appraisal in February.
Perma-Seal plans to move its headquarters to Naperville from Downers Grove, where it currently hosts 190 of its 250 employees. Continue reading