ST. CHARLES – A company specializing in mosquito control products has closed the deal on its new headquarters at an office building on the city’s east side.
Earlier this week, a corporation associated with The Clarke Group filed documents with Kane County indicating it was the new owner of the office building at 675 Sidwell Court, located near the intersection of South Tyler Road and Wallace Avenue, south of Route 64, in St. Charles.
According to the county property documents, the corporation, New Campus LLC, paid $2.35 million for the property, which was sold by mapping software creator, The Sidwell Company.
The deal cements the publicly discussed move of The Clarke Group’s headquarters from Roselle to St. Charles.
The company secured financial incentives worth $275,000 from the city of St. Charles to bring their headquarters to the city.
Clarke indicated it was deciding between relocating to either St. Charles or Ames, Iowa.
Clark company representatives told St. Charles city officials the headquarters would bring 71 jobs to the city with average salaries around $80,000, and 15 additional jobs paying average salaries of $60,000 per year would be created within five years.
City officials have said they believe the Clarke relocation would generate an additional $28.1 million annually in economic activity in the Tri-Cities area.
The company indicated it will complete its move to the St. Charles building next spring, investing $4 million in the structure.
Clarke said the new headquarters would be used for laboratory work to research and develop formulas for mosquito control products.
Manufacturing of those products would take place elsewhere, they said.