February 4, 2019
FOR IMMEDIATE RELEASE
Company chooses Avenue North location in Wilmington
WILMINGTON, Del. (USA) — Solenis, a leading global producer of specialty chemicals for water intensive industries, announced today that it has signed a long-term agreement with Brandywine Investment Group II, LLC, an affiliate of Delle Donne & Associates, Inc., to lease approximately 90,000 square feet of office space in the new Avenue North complex in Wilmington, Delaware. The new office space will serve as the company's global headquarters, replacing its current location on Beaver Valley Road.
Located at the intersection of Concord Pike and Powder Mill Road in Wilmington, Avenue North was acquired by developer Ernest F. Delle Donne through an affiliated LLC in June 2017. Delle Donne & Associates, Inc. is currently planning to develop the site as an upscale, mixed-use campus combining office, commercial, residential and hotel uses. Upon its completion, Avenue North will contain approximately 2,000,000 square feet of leasable space.
Specific terms of the lease were not disclosed, but Solenis will lease the entire Pavilion Building, formerly known as the Fairfax Office Pavilion, or FOP Building, which will be retrofitted to accommodate the company's long-term space needs.
Committed to remaining in Delaware, Solenis expects to relocate to its new corporate headquarters sometime in the first quarter of 2020, initially with more than 200 employees. Executives, global managers and departments, such as human resources, marketing, IT and customer service, will reside in this location. The $3 billion specialty chemical company employs over 5,200 professionals in 120 countries spanning five continents. On January 31, 2019, Solenis and BASF completed a transaction to combine their paper and water chemicals businesses, which will operate under the Solenis brand.
Solenis Senior Vice President and Chief Financial Officer Philip M. Patterson, Jr. said, Solenis is in a growth mode and we are working to retain, recruit and add employees to enhance our value proposition and better serve our customers. Our roots are here in Delaware and we are excited about continuing to grow here.
Solenis worked with the Delaware Prosperity Partnership (DPP) over the course of one year. Under the leadership of Kurt Foreman, DPP was instrumental in helping Solenis solidify its decision and commitment to remain in Delaware after a multi-state evaluation. Solenis received performance-based grants from the state of Delaware's Strategic Fund for job creation, job retention and capital expenditures.
The Solenis headquarters will add to the synergy of the live-work-play environment created at Avenue North, said Gary M. Ciaffi, president, Delle Donne & Associates. We are truly excited to integrate Solenis as a tenant within our project.
Solenis is a leading global producer of specialty chemicals focused on delivering sustainable solutions for water-intensive industries, including the pulp, packaging paper and board, tissue and towel, oil and gas, petroleum refining, chemical processing, mining, biorefining, power, municipal, and pool and spa markets. Owned by Platinum Equity, the company’s product portfolio includes a broad array of water treatment chemistries, process aids and functional additives, as well as state-of-the-art monitoring and control systems. These technologies are used by customers to improve operational efficiencies, enhance product quality, protect plant assets, minimize environmental impact and maintain healthy water. Headquartered in Wilmington, Delaware, the company has 49 manufacturing facilities strategically located around the globe and employs a team of over 6,400 professionals in 120 countries across five continents. Solenis is a 2022 US Best Managed Company.
For additional information about Solenis, please visit www.solenis.com or follow us on social media.
Delle Donne & Associates, Inc (DDA) is a real estate development firm started over 70 years ago by Eugene A. Delle Donne. The corporate headquarters are located at Christiana Executive Campus, in Newark, Delaware. Ernest F. Delle Donne, Chairman, has assembled a creative team that takes pride in the quality of its product. Partners of the firm have extensive experience in real estate development, economic development, financial structuring and real estate law. DDA stresses a team approach to ensure adherence to the highest standards of quality, efficiency and personal commitment in every project.
DDA is one of the largest real estate developers in the State of Delaware and has been a leader in the growth and development of downtown Wilmington and surrounding New Castle County. The firm's success is attributed to its established reputation in the region and extensive relations with city and county officials. The company employs a full-time staff of professionals who provide management, accounting, leasing, financing and construction services.
The firm prides itself on its insistence on quality development and its ability to produce innovative development programs in terms of architecture, construction and financial structure and asset management.
FOR FURTHER INFORMATION
Senior Director, Corporate Communications
Delle Donne & Associates, Inc
Christiana Executive Campus 200 Continental Drive, Suite 200
Newark, Deleware 19713