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Construction & Real Estate Management

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The Crossroads Incubator Corporation (CIC), an affiliate of the Fulton County Economic Development Corporation, offers construction and real estate management services to both existing and new developments. CIC currently manages assets with a combined total value of approximately $100 million.

CIC's management responsibilities include the administration of lease agreements, property maintenance, budgets, replacement reserve accounts, financing, capital improvements, rental invoicing, and debt service programs.


Click on photo below for a list of
CIC's Board of Directors

 

Wal*Mart Warehouse and Distribution Center- On April 19, 2000, Fulton County celebrated the Grand Opening of the new 868,000 sq. ft. Wal*Mart Distribution Center, which comprises 474,000 sq. ft. dry goods storage, 366,000 sq. ft. refrigeration and freezer storage, and 28,000 sq. ft. office space. In 1995, the company worked with FCEDC to construct Wal*Mart's return center, located in Johnstown Industrial Park. The success of that project encouraged Wal*Mart to chose Fulton County once again-this time for its Distribution Center, from which it ships all its grocery products to Supercenters and Sam's Clubs in the Northeast.

The Wal*Mart capital investment in Fulton County includes $70 million in facilities and equipment. Wal*Mart employs nearly 700 in 2003.

"The area has been an outstanding partner with Wal*Mart. I was struck by the beauty of this place and the people have been just wonderful." -Wiley Lott, Director of Community & Economic Development for Wal*Mart


 

Adaptive Reuse- The Johnstown Hotel has been a significant landmark in the city of Johnstown since the "Roaring Twenties". The building fell into disrepair in the early 1990's and was headed toward demolition. However, in 2000, Crossroads Incubator Corporation, an affiliate of the Fulton County EDC, purchased the facility and began an almost two year renovation. This $3 million rehabilitation transformed the old hotel into a "new" state-of-the-art, fully "intelligent", multi-tenant office facility, located in the heart of the downtown district. This project illustrates the adaptability of older, existing facilities being restored to meet the business demands of
the 21st century.


Manufacturer of Medical Devices- A new 25,000 sq. ft. state-of-the-art office/research and development/laboratory/manufacturing facility for Epimed International, Inc. has been constructed. Epimed, a Texas-based medical device company, manufactures devices such as high-tech catheters designed to deliver drugs to victims of spinal cord injuries. The company has grown from six employees in 1990 to more than 30 in 2001, and increases its business by about 30 percent annually.

Cheese Manufacturing Plant- A new 40,000 sq. ft. cheese manufacturing plant for
domestic and international markets was developed and constructed in the Johnstown Industrial Park. Euphrates Inc., established by a family-owned Turkish company with generations of experience in the production and marketing of Feta Cheese.

Window Manufacturer - The construction of a 115,600 sq. ft. manufacturing/office facility for Pioneer Window Manufacturing Corp. in the Johnstown Industrial Park represented a $5 million capital investment in Fulton County. An established Fulton County business since 1995, Pioneer Windows required a larger facility due to an increased demand for its quality architectural windows. Pioneer Windows employs approximately 250 associates. This number will be increasing as Pioneer has initiated plans to develop a 50,500 sq. ft. addition to their existing facility.

Textiles Manufacturer- CIC renovated a 60,000 sq. ft. portion of the former Karg Brothers Tannery for lease to M & L Fabrics. This project -a good example of CIC's involvement in the adaptive reuse of an abandoned facility-represents a capital investment of almost $1 million.

 

 


 

Fulton County Economic Development Corporation
110 Decker Drive - Johnstown, NY 12095
Tel: 518-773-8700 Fax: 518-773-8702
E-Mail: fcedc@sites4u.org or cic@sites4u.org