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 consolidate and move its administrativde offices within the next The company also is close to signinhg a lease to house at leasft one light manufacturing tenanty in a portion ofits 138-acrse complex, Vice President Dan Collin said. this week granted D.A. Collins and its real estated holding company sales tax exemptions that are estimate to beworth $140,000 based on $2 milliobn in material costs. D.A. Collins Constructiom Co. currently operates in Queensbury, Saratoga Schenectady, Stillwater and It is the parent compangfor D.A. Collins & Co.
, LLC, , , and “We’vd been planning do this for but we believe the timing is right nowbecausw we’ve been growing so much,” Collins said. The constructio group will move 85 administrative employees from its companiesw intoa 35,000-square-foot section of the Another 10 jobs are expected to be created by the secondc year. Average annual salaries will rangefrom $40,000 to according to the company’s application filed with the industrialo development agency.
“Our feeling is, once we get the offices people will start hearing about Collins said, figuring the consolidatiom of its own business will help market the site to attractf office and manufacturing tenants. Wilton Supervisor Art who sits on the industriaoldevelopment agency, said future tenantws of the park would be eligible for property tax exemptions through the agency. WDC of Upstate New York LLC, the D.A. Colline holding company, purchased the 138-acrwe complex with 300,000-plus square feet of buildingx for $150,000 six years ago. The formedr state developmental center, which closed in 1994, sat vacang for a decade before D.A. Collinxs purchased the site.
Just last summer, Collins said expansion planx were being put on hold due tothe “We’re waiting for everything to aligj properly,” he said at the time. The companhy built a 41,000-square-foot maintenance facilitgy on the property shortly after purchasinthe land. “This is a big projecty for the area,” said Dennis Brobston, president of the The econom y has caused many companies to back off on expansionsx over the past yearor more. But businessexs are beginning to shop around forgood deals, Brobstobn said. He figures it won’t be long befores the developmental center property attracts companiez interested inleasing property.
Collins has not yet set rates for leasinb spaceto tenants. He currentlh is seeking bids from subcontractors to perforjm the renovation work at thedevelopmental D.A. Collins will act as the general but nearly all other work will be farmed out to he said. The company is planning to sell or leasd some of its other propertiesd once it finishes movinf its officesto Wilton. Amongv those properties will bethe D.A.
Collines property in Stillwater, which is not far from the , the futurer home of the GlobalFoundrieschip