Morton Salt plans to relocate its research and development center from Elgin, IL to a former Morton property in Chicago currently in redevelopment as commercial, retail and office property, a company press release announced Monday.
The 4.5-acre riverfront site on Elston Avenue, previously used for packaging and warehousing, was sold to real estate investment firm R2 Properties in December 2017. Operations at the facility began in the 1920s and continued until 2015.
“For generations, the Morton Salt site on Elston Avenue has been part of the fabric of Chicago. It is with that long, rich history in mind that we decided to explore a wide range of possibilities for the future of our iconic site,” the firm’s chief executive officer, Christian Herrmann, said in a statement.
Morton’s R&D center will serve its North American business to provide innovations in food and other areas of the company’s business, like water softener salt and salt solutions for industrial applications.
“The move of Morton Salt’s R&D center to the Elston Avenue site will enable the company to deepen its focus on new product development, enhanced formulations, application testing, and technical support as the company intends to grow its footprint and capabilities in the new location,” the release said.
A multi-year lease at the Chicago site begins in 2020.