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PRESS RELEASE:Paine/Wetzel TCN Worldwide Completes Major Land Acquisition For Sunstar Americas

Chicago - Paine/Wetzel / TCN Worldwide is pleased to announce that the team of, Gregory Wright,  Les Spinner  and Adam Naparsteck,  have completed a land acquisition of nearly 80 acres on behalf of their client, Sunstar Americas, Inc. in unincorporated Cook County, Illinois.

Sunstar Americas has purchased the land from the Archdiocese of Chicago with plans to break ground later this month on a 300,000 square foot North American headquarters and manufacturing facility. The new building will accommodate the expansion and relocation of their operations from Foster Avenue in Chicago. Located north of I-90 and east of Medieval Times Dinner & Tournament and Roselle Road, the new site will be annexed into Schaumburg, Illinois.

“This is the culmination of a 4 ½ year search for the appropriate North American headquarters site befitting this significant client,” stated Greg Wright of Paine/Wetzel / TCN Worldwide. “While we regard every client as special, with this assignment we put our heart and soul into achieving the perfect opportunity for them.”

Originally founded in 1932 as a manufacturer of rubber glue for bicycle tires and metal tubes, Sunstar has grown into a global company. Today Sunstar is widely known in a variety of industries, ranging from Oral Care and Health & Beauty to the Automotive and Motorcyle components markets. The company, headquartered in Etoy, Switzerland has businesses worldwide.

Wright, Spinner, and Naparsteck of Paine/Wetzel / TCN Worldwide worked on behalf of Sunstar Americas Inc. in the transaction. The seller was not represented.

Paine/Wetzel / TCN Worldwide, headquartered in Chicago, is a full-service real estate firm providing comprehensive brokerage services to investors, users and owners of commercial, office and industrial properties.

TAGS: Investment