[UPDATED] Construction Company Investing in NW Indiana

Press Release

Portage, IN—Graycor, a national construction company, plans to consolidate several operations and build a 44,000 square-foot facility to house offices and a metal fabrication shop at the AmeriPlex at the Port (Holladay Properties, Portage, IN). The construction of the building will cost roughly $4M and will employ many construction workers during the build-out.

Tim Healy, senior vice president of AmeriPlex, said the deal was two years in the making. Graycor is undergoing a strategic realignment of its facilities. Holladay Properties will own the building assisting Graycor in consolidating operations in Portage and creating a cost effective opportunity.

Graycor will employ 37 people immediately with a $3.5 million payroll averaging about $96,000 per employee prior to benefits. The company plans to hire 15 to 20 additional people in the next two years. The site will also have a 200,000-square-foot outdoor storage yard for equipment and vehicles, appropriately landscaped with berms and evergreen screening equipment.

The Northwest Indiana Forum, the regional economic development organization for the area, city officials and AmeriPlex tenants are pleased the project is moving forward. Don Koliboski, Forum Director of Economic Development said, “This type of corporate consolidation projects align with the Indiana Economic Development Corporations efforts. It is the Forum’s goal to continue to bring business and jobs to Northwest Indiana.”

For more information, contact Karen Lauerman, Forum Director of Marketing and Communications at klauerman@nwiforum.org or 2196/763-6303 x181.

Background
Northwest Indiana Forum
The Forum is the regional voice for the business community and a significant catalyst for initiatives that promote economic development and create and retain quality jobs in Lake, Porter, LaPorte and Starke Counties. Funded by membership contributions and grants, membership translates into a direct investment in the region. Its corporate members represent more than $40 Billion in commerce in Northwest Indiana.

Holladay Properties

Established in 1952, Holladay Properties has grown and diversified from construction of single-family tract housing to one of the largest privately held developers, design/build firms, and fully integrated real estate companies in the eastern half of the United States. Holladay Properties has built projects ranging from $750,000 to over $75 million in over 15 states, with a total project valuation of over $2 billion.

Source: Northwest Indiana Forum