International. The Chemours Company announced that it has signed an agreement to sell the DuPont building to The Buccini/Pollin Group, Inc. (BPG), a private real estate acquisition, development and management company.
Chemours will lease the office space as a long-term tenant, maintaining its global headquarters and nearly 700 employees in downtown Wilmington. The sale is expected to be completed during the first quarter of 2017 and renovations will begin approximately three months after the completion of the transformation of a major portion of this multi-purpose building into The Chemours Company's world headquarters.
"We follow a disciplined process that decides where to locate our headquarters. We evaluate a number of locations based on a number of criteria, including the convenience of our current employees, our future workforce needs, and the tax impact on the company. Ultimately, our decision to remain in our current building satisfies all of those considerations. And we are very excited to work with BPG to create a modern office environment that will be a reflection of our corporate brand," said Mark Vergnano, CEO of Chemours.
In August 2016, Chemours announced its intention to locate its global headquarters in downtown Wilmington. Throughout the evaluation process that led to this decision, the company received strong support from elected officials at the local, state and federal levels, who made it clear that Delaware, and specifically Wilmington, is an attractive place where twenty-first century businesses can succeed and grow.
