Top 40 distributor HALO Branded Solutions (asi/356000) has bought land in Sterling, Illinois for a planned expansion project that will consolidate the company’s local operations.
HALO said the new building will accommodate up to 250 new jobs, which could be created within the next five years. The new building will increase HALO’s available space by about 50% and will provide plenty of room to bring its distribution operations into the Sterling headquarters.
The construction site is at the corner of Lynn Boulevard and West LeFevre Road, close to its current corporate headquarters at 1980 Industrial Drive. The purchase price was $10,000 an acre, totaling about $200,000 for lots 13 through 18 at the industrial park.
“We are committed to making this the best work space for our employees,” said Terry McGuire, senior vice president of marketing at HALO. “We’ve been engaging our employees in the design and development process, surveying them on what are things in the next 20 years that would be more effective and comfortable for them to work with.”
HALO expects construction to be finished in two years, when its current lease expires.