03-Jan-2001 - DuPont

DuPont Sells Undeveloped Land at Chestnut Run Plaza

DuPont today announced the sale of 6 acres of land at the company's 241-acre Chestnut Run facility, located at routes 141 and 48 in New Castle County. The land's developer, Commonwealth Group of New Castle, plans to construct a 100,000-square-foot Class A office building and parking lot. Terms of the sale were not disclosed.

DuPont will lease a portion of the building, which is designated for office space only. Completion is set for October 2001.

"Commonwealth is pleased to have the opportunity to create a first class office building on one of New Castle County's prime locations," said Brock Vinton, Commonwealth owner. The company has developed office and industrial complexes throughout the county over the last 28 years.

"The new building at Chestnut Run gives us flexibility to meet future demand for office space at competitive rates, should we need more space," said John Snyder, DuPont vice president for Business Services. "It also provides for effective use of operating capital by our businesses and does not tie up funds for maintenance and construction of office buildings."

DuPont developed Chestnut Run in1954, initially for research laboratories. A 1989 site development plan approved by the county led to the opening of Bright Horizons Day Care in 1998 and the upcoming new office building.

Facts, background information, dossiers
More about DuPont
  • News

    DuPont Announces Leadership Changes

    DuPont announced that its Board of Directors has appointed current Executive Chairman Edward D. Breen to the additional role of Chief Executive Officer. Lori D. Koch, Vice President of Investor Relations and Corporate Financial Planning and Analysis, is named Chief Financial Officer.  Both ... more

    BASF completes the divestiture of its ultrafiltration membrane business to DuPont

    BASF has closed the previously announced transaction to divest its ultrafiltration membrane business to DuPont Safety & Construction (DuPont). The divestiture includes the shares of inge GmbH, the business’ headquarters and production site in Greifenberg, Germany, including all employees, i ... more

    BASF to sell its ultrafiltration membrane business to DuPont

    BASF and DuPont Safety & Construction (DuPont) announced that the companies have signed an agreement where BASF will sell its ultrafiltration membrane business to DuPont. The divesture includes the shares of inge GmbH, the business’ international sales force, its headquarters and production ... more

  • Companies

    DuPont Teijin Films Luxembourg S.A.

    The DuPont Luxembourg site employs more than 1200 people and features major production units for polyester films, non-woven spunbondeds and elastomers. It is an important European business center of DuPont and DuPont Teijin Films. more

    DuPont de Nemours International S.A.

    Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture, nutrition ... more

    DuPont

    Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture, nutrition ... more