Panduit Buys 52-Acre Site for 250,000-SF HQ

TINLEY PARK, IL-Panduit Corp., headquartered here, has closed the acquisition of a 52-acre parcel along Interstate 80 on the east side of 80th Avenue. The manufacturer of products for wiring and communications applications is buying the land to construct a new headquarters. The land parcel is about four miles from the current headquarters at 17301 S. Ridgeland Ave., here. A representative from Panduit did not return a phone call seeking comment.

The DeGregorio family, based in Chicago, sold the Windy City Campground at 18701 S. 80th Ave. and the Demus family, also based in Chicago, sold adjacent farm land, says Len Caldeira, managing principal of Staubach Cos. Caldeira and Conor Mullady, an associate, represented the land owners in the sales transaction. Longwood Real Estate Co. represented Panduit. The company was interested in acquiring the parcel because of “its visibility and also they finally made the operational decision to condense some of their operations,” Caldeira says. Panduit currently occupies 750,000 sf in the village of Tinley Park and has research and has a development operations facility in adjacent Orland Park, IL, as previously reported by GlobeSt.com.