Schaumburg trustees have authorized the $5 million sale of the 55-acre Murzyn-Anderson site near the southwest corner of Irving Park and Rodenburg roads to Alsip-based Experior Transport to be the company's new corporate headquarters.
Experior is expected to invest another $2.5 million to build an access road to Rodenburg Road before opening the facility in about two years.
The proposed headquarters would create more than 200 jobs and generate more than $425,000 per year for the village through taxes on truck and fuel sales, Schaumburg Economic Development Director Matt Frank said.
Furthermore, the project represents a homecoming of sorts for the 20-year-old, still expanding company.
"Experior started in Schaumburg before going to Alsip," Frank said. "It's good to welcome them back to town."
After more than six months of vetting, Experior was selected as the buyer for the site among three companies that bid for it in February.
At that time, ML Realty Partners in Itasca bid $1 million to buy the site for a 136,000-square-foot industrial property, Experior originally bid just over $4.2 million to headquarter its trucking-based business, and CTR Partners of Houston bid nearly $4.6 million to build an unspecified type of distribution center there.
Frank explained that CTR's bid did not anticipate a lot of the wetland mitigation on the site. Experior has agreed to raise its bid, take on all mitigation itself, and has committed to building the needed access road.
The company's anticipated site plan includes an office building and a warehouse for trucking containers on Irving Park Road, a store and fueling station on Rodenburg Road, and a screened and landscaped parking area for trucks in the southwest corner.
The village paid a total of $7.8 million for the land through separate purchases in 2003, 2005 and 2007. At the time, officials believed assembly of the site could accommodate one of the last big commercial developments for the otherwise landlocked Schaumburg.
By way of comparison, the site that houses the Schaumburg Convention Center and its adjoining Renaissance Hotel is 45 acres.
Though residential uses were always off the table, entertainment or other recreational uses complementary to nearby Schaumburg Boomers Stadium were in the mix along with light industry and offices.
Frank said the village did engage in some talks about possible entertainment uses there before the recession, but there has been no such interest since.
Representatives of Experior Transport could not be reached for comment Wednesday.