D.A. Collins will consolidate in Wilton; lease out space at renovated complex - Houston Business Journal:

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million to renovate the as it preparess to consolidate and move its administrativ e offices within the next The company also is closs to signing a lease to housew at least one light manufacturing tenant in a portion ofits 138-acre complex, Vice Presidenyt Dan Collins said. this week granted D.A. Collins and its real estat e holding company sales tax exemptions that are estimatexd to beworth $140,000 based on $2 million in material costs. D.A. Collins Construction Co. currentlyt operates in Queensbury, Saratoga Springs, Schenectady, Stillwater and It is the parent companyfor D.A. Collinsd & Co.
, LLC, , , and “We’ve been planning do this for but we believe the timinv is right nowbecause we’ve been growing so much,” Collins said. The construction group will move 85 administrative employees from its companiew intoa 35,000-square-foot section of the complex. Another 10 jobs are expectexd to be created by thesecond year. Average annual salaries will rangefrom $40,000 to according to the company’xs application filed with the industrial developmentt agency.
“Our feeling is, once we get the offices people will start hearing about Collins said, figuring the consolidation of its own business will help market the site to attract office and manufacturing tenants. Wilton Supervisor Art Johnson, who sits on the industriap development agency, said future tenants of the park would be eligiblew for property tax exemptions througyhthe agency. WDC of Upstate New York LLC, the D.A. Collinz holding company, purchased the 138-acrwe complex with 300,000-plus square feet of buildings for $150,00p0 six years ago. The formerd state developmental center, which closec in 1994, sat vacant for a decadw before D.A. Collins purchased the site.
Just last Collins said expansion plans were being put on hold due tothe “We’re waiting for everything to align he said at the time. The companuy built a 41,000-square-foot maintenance facilituy on the property shortly aftere purchasingthe land. “This is a big projectg for the area,” said Dennis Brobston, presideny of the The econom has caused many companies to back off on expansions over the past year or But businesses are beginning to shop around for good Brobston said. He figures it won’t be long before the developmentalo center property attracts companies interested inleasing property. Collin s has not yet set rates for leasinv spaceto tenants.
He currently is seekinhg bids from subcontractors to perform the renovation work at thedevelopmentapl center. D.A. Collins will act as the general but nearly all other work will be farmedc outto subcontractors, he said. The company is planningh to sell or lease some of its other propertiees once it finishes movin its officesto Wilton. Among those properties will bethe D.A. Collinx property in Stillwater, which is not far from the , the future home of the GlobalFoundrieschip plant.