DuPont Co. has sold two parking lots across Orange St. from its soon-to-be-former headquarters in central Wilmington, Del., and the parking garage for the Hotel du Pont, to the Buccini brothers, Wilmington developers, real estate managers and hoteliers, for $7 million, according to a person familiar with the deal.
UPDATE: CONFIRMED: "DuPont signed an agreement to sell the Hotel du Pont Carpark to the Buccini Pollin Group. The carpark properties include a parking structure and two surface parking lots," DuPont spokesman Daniel Turner tells me in a reply email. "The transaction closed on March 31, 2015. Terms of the agreement are confidential."
I also hear DuPont is weighing sale of the Hotel du Pont itself (no confirmation yet). And that Chemours (kem-OARS), the planned $4 billion DuPont spin-off of the company's titanium dioxide business, is weighing these possible sites for a permanent headquarters, and maybe more (also Unconfirmed, though each would please plenty of local folks):
- New Jersey: A big cash gift from Gov. Christie's tax incentive program could land Chemours at DuPont's sprawling Chambers Works at the Salem County end of the Delaware Memorial twin bridges.
- Philadelphia: City officials and developers would love to place Chemours in a new-style open-plan office building near LIBERTY PROPERTY TRUST'S (CORRECTED) Glaxo building just south of I-95.
- Delco: Banker Rocco Abessinio landed DuPont spinoff Axalta's North American headquarters at his office building in Glen Mills, near the US 1 - US 202 junction. There's room nearby, and it's convenient to both Delaware and Philly.
- Wilmington: Or they could always stay in the former DuPont headquarters, which would spare the expense of relocation, and may make Chemours more attractive to new potential owners.