Chemours Stays in Wilmington

The chemical spinoff of Dupont and the company that created Teflon is keeping its world headquarters in Downtown Wilmington.

The decision was accompanied by the announcement that Chemours will sell the building to the The Buccini/Pollin Group, who will make a significant investment in the renovation of the building to retail, residential and office space.

 DuPont Building. (Scott Lewis/Bloomberg)

Chemours will lease back office space as a long-term tenant, thereby keeping 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 close to transform a major portion of this multi-use building into The Chemours Company world headquarters.

Stay Up-To-Date on Wilmington’s Business News.
Sign up for our Weekly Newsletter!

[contact-form-7 id=”2651″ title=”Subscribe to WilmToday’s Weekly Newsletter”]

original article: Delaware Business Times

feature image: Delaware Business Now

Get in touch!

Share your email to receive monthly updates on all the best stuff in Wilmington! You know you wanna.