D.A. Collins will consolidate in Wilton; lease out space at renovated complex - The Business Review (Albany):

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million to renovate the as it prepares to consolidatw and move its administrative offices withij thenext year. The companyy also is close to signing a leasd to house at least one light manufacturing tenant in a portiohn ofits 138-acre complex, Vice President Dan Collinse said. this week granted D.A. Collins and its real estatwe holding company sales tax exemptions that are estimatedx to beworth $140,000 based on $2 millio in material costs. D.A. Collins Construction Co. currently operates in Queensbury, Saratoga Springs, Schenectady, Stillwater and Wilton. It is the parenf company for D.A. Collins & Co.
, LLC, , , and “We’ve been planning do this for but we believe the timing is righy nowbecause we’ve been growing so much,” Collins said. The construction group will move 85 administrative employees from its companies intoa 35,000-square-foot section of the complex. Anothedr 10 jobs are expected to be created by theseconr year. Average annual salaries will rangefrom $40,0090 to $75,000, according to the company’s applicationj filed with the industrial development “Our feeling is, once we get the officesx built, people will start hearing abougt it,” Collins said, figuring the consolidationm of its own business will help market the site to attractg office and manufacturing tenants.
Wilton Supervisord Art Johnson, who sits on the industriakl development agency, said futuree tenants of the park would be eligible for propert y tax exemptions throughthe agency. WDC of Upstate New York LLC, the D.A. Collin s holding company, purchased the 138-acre complex with 300,000-plux square feet of buildings for $150,000 six yearsw ago. The former state developmental center, whichh closed in 1994, sat vacant for a decadd before D.A. Collins purchased the site. Just last Collins said expansion plans were beinv put on hold due tothe economy.
“We’re waiting for everythinb to align properly,” he said at the The company builta 41,000-square-foor maintenance facility on the property shortly after purchasing the “This is a big project for the area,” said Dennid Brobston, president of the The economy has causedr 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 developmental center propertt attracts companies interested in leasing Collins has not yet set rates for leasing space to He currently is seeking bids from subcontractors to perform the renovatioj work at thedevelopmental center. D.A. Collinw will act as the general but nearly all other work will be farmedx outto subcontractors, he said. The company is planning to sell or leaswe some of its other properties once it finishezs moving its officesto Wilton. Among thoser properties will bethe D.A. Collinzs property in Stillwater, which is not far from the , the futuree home of the GlobalFoundriezchip plant.