Expanding its U.S. headquarters, Nufarm Americas, Inc. has signed the first lease for the recently developed Class A office facility at 150 Harvestor Road in Burr Ridge, DuPage County.
Nufarm Americas is a subsidiary of Nufarm, a Melbourne, Australia-based supplier of agricultural, turf and vegetation management chemicals. It established a presence in the U.S. in the early 1990s and has been growing through a steady stream of acquisitions including, most recently, Agtrol International.
As a result, the company has signed a long-term lease for 18,500 square feet at Mars Equities, Inc.’s 110,000-square-foot facility. Nufarm Americas is currently located in Burr Ridge along Burr Ridge Parkway in Cook County. “Its pending move to Dupage County will result in significant savings for the company,” said Keith Cade, associate director of Newmark, who represented Nufarm in the transaction.
“Nufarm’s lease expires in 2006, but our site search began a year in advance,” Cade said. “When factors such as future growth, workplace design and long-term flexibility were considered, it was determined that the new development best met Nufarm’s needs. Mars Equities is developing a great product.”
Cade added that the pending move from the Burr Ridge location to 150 Harvestor Road will save Nufarm $2 per-square-foot in taxes alone because of the shift from Cook to DuPage County.
“Nufarm’s operations will be located under one roof,” said Wendy Theres, Corporate Services Manager for Nufarm Americas. “It’s a perfect fit. The transaction allows us to design space that meets our demands and gives Nufarm the ability to add space as the company grows.”
Jim Adler of NAI Hiffman represented Mars Equities.
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