Chemours To Sell DuPont Building To Buccini/Pollin

(RTTNews) - The Chemours Company (CC) said it agreed to sell The DuPont Building to The Buccini/Pollin Group, Inc. (BPG), a privately held, full-service real estate acquisition, development, and management company.

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.

In August 2016, Chemours announced its intent 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, all of whom made it clear that Delaware, and specifically Wilmington, is an attractive venue where 21st century businesses can succeed and grow.