This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Anixter Announces Construction Of New Corporate Facility In Glenview, IL

GLENVIEW, Ill., Aug. 20, 2012 /PRNewswire/ -- Anixter, a leading global distributor of communication and security products, electrical and electronic wire & cable, fasteners and other small parts, announced that it is constructing a new LEED ®-certified (Leadership in Energy and Environmental Design) building as part of its corporate headquarters campus in the Chicago suburb of Glenview. The annex of Anixter's corporate facilities is a reflection of the company's overall strong growth and commitment to the Village of Glenview, Cook County and the State of Illinois.

"Our new facility will support our continued growth plans while offering more convenience for our employees, partners and customers," said Bill Standish, Executive Vice President Operations at Anixter. "The new facility helps to improve operational efficiency by bringing together employees to one centralized corporate campus."

Anixter will invest more than $10 million in this new property and will continue to contribute to the economic well being of Illinois through the creation and retention of over 125 jobs in the Chicagoland area. 

According to the Illinois Department of Commerce and Economic Opportunity, "The state's targeted investment package, estimated at $2 million, includes Economic Development for a Growing Economy (EDGE) tax credits, which are based on jobs and distributed over a period of 10 years and a training grant through the Employer Training Investment Program (ETIP). The Illinois Department of Commerce and Economic Opportunity (DCEO) will administer the package, which will help create 66 new jobs and retain 60 jobs."

Construction of the new facility commenced at a ground breaking ceremony on Friday, August 17, and Anixter expects to have occupancy beginning in April of 2013.

In accordance with Anixter's corporate sustainability philosophy, Anixter will work toward LEED certification at the completion of its construction, joining other LEED-certified buildings in the U.S. Anixter continuously seeks to improve business processes to control and reduce the impact associated with its targeted environmental aspects of energy, waste, materials and natural resources. By targeting measurable results within each environmental facet, Anixter balances corporate social responsibility and return on investment.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,057.28 -78.44 -0.43%
S&P 500 2,096.02 -5.02 -0.24%
NASDAQ 4,969.3870 -13.4220 -0.27%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs