The property currently has a 330,000-sf industrial building onthe site, says Sue Mroz, the economic development director forWinnebago County. Chemtool plans to renovate the 330,000-sfbuilding and construct a 75,000-sf office addition which will housethe company's global headquarters, says Mroz, who helped facilitatethe deal. "Some of (the facility) had problems. There was a hole inthe roof (and) there were some electrical issues," she says.

The estimated cost to acquire the land, renovate the buildingand construct the addition is reportedly $40 million. Chemtool isexpected to move into the facility this year, Mroz says. Reload hadbeen leasing the 330,000-sf building and will continue to occupysome of the building until August when a new Reload facility iscompleted in Rockton, Mroz says. Beloit Corp. had owned andoccupied the property until it closed its plant in the late 1990's.Beloit's parent company went bankrupt and Mallory Propertiesacquired the site, which is part of a TIF district, she says.

Chemtool's headquarters is currently at 8200 Ridgeland Rd.,Crystal Lake, IL. The privately-held company was founded in 1963.Chemtool's clients include Boeing, John Deere and Caterpillar, Mrozsays. The company will be consolidating the Crystal Lake facility,which houses the global headquarters and manufacturing, and afacility in Elkhorn, WI where they have 60,000 sf that is used forservice and distribution, Mroz says. The facility is expected tocreate between 200 and 250 jobs and employ a total of 500 to 600people, she says.