Savills : Chemical Company Acquires its Suburban Chicago Headquarters

Savills Studley, the leading commercial real estate firm specializing in tenant representation, is pleased to announce the purchase of 1500 East Lake Cook Road in Buffalo Grove on behalf of long-time client ANGUS Chemical Company. The international chemical company was represented by Savills Studley in a lease renewal and restructure at this facility in 2004, and has been a client with the firm's Chicago office since 1990. The 62,201-square-foot headquarters supports both lab and office space that ANGUS has significantly invested in throughout its term as a tenant.

'This transaction marks the culmination of an 18-month process that explored relocation, lease renewal and redevelopment of alternative properties,' noted Savills Studley Executive Vice President John Goodman, who led the team for this project.

'In consideration of favorable market conditions, an upcoming lease expiration date and the significant investment ANGUS has already made in lab functions at the Buffalo Grove headquarters, buying the facility that the company has called home since 1992 made the most sense. We are extremely satisfied with the terms agreed upon with the seller.'

1500 East Lake Cook Road was sold by the Fritz Duda Company. The facility is within close proximity to the Buffalo Grove Metra station and the I-94/I-294 junction.

ANGUS Chemical Company ('ANGUS') is a specialty and fine chemical company dedicated to the development of novel chemistry that helps customers deliver enhanced product and process performance. Since its original patent application in 1936, ANGUS has developed and manufactured nitroalkane-based chemicals. ANGUS is committed to constantly improving products and services by mastering science and technology.