Two North American HQ deals signed

 
Daily Herald Report
Updated 10/5/2018 9:53 AM
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  • Bystronic's planned 162,874 square-foot experience center & North / South American corporate headquarters will be located within Huntington 90 West Corporate Park in Hoffman Estates.

    Bystronic's planned 162,874 square-foot experience center & North / South American corporate headquarters will be located within Huntington 90 West Corporate Park in Hoffman Estates.

  • The 73,000 square-foot building at 2555 Decade Court in Elgin will be Faber-Castell Cosmetics' first North American manufacturing plant.

    The 73,000 square-foot building at 2555 Decade Court in Elgin will be Faber-Castell Cosmetics' first North American manufacturing plant.

Lee & Associates in Rosemont recently completed two transactions involving new North American headquarter facilities which will incorporate manufacturing / assembly into their new U.S. operations.

In both transactions, their clients are moving a portion of their manufacturing / assembly operations from Europe to Illinois. The combination of the strong skilled U.S. workforce and vibrant economy was attractive to these companies, officials said.

The two transactions include Bystronic's new advanced 162,874-square-foot experience center in Hoffman Estates and Faber-Castell Cosmetics' first North American manufacturing plant which is a 73,000-square-foot facility in Elgin.

The Bystronic facility will serve as the new hub for their North & South American business operations; including sales, service, spare parts and the refurbishing of used machines. Bystronic is a worldwide organization with their parent company based in Zurich, Switzerland.

Faber-Castell is headquartered in Stein, Germany and was founded in 1761. Their facility will serve as its North American headquarters and manufacturing plant for production of cosmetic pencils and other product lines.

Jeff Janda and Mike Plumb, principals of Lee & Associates, brokered both transactions.

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