Columbus McKinnon picks CrossPoint for new HQ

July 25, 2014 Updated Jul 25, 2014 at 3:11 AM EDT

By James Fink, Buffalo Business First

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Columbus McKinnon picks CrossPoint for new HQ

July 25, 2014 Updated Jul 25, 2014 at 3:11 AM EDT

After scouting a number of suburban sites, it appears that Columbus McKinnon Corp. has settled on an Amherst office park as the location of its new corporate headquarters.

According to documents filed with the Amherst Planning Board, Columbus McKinnon has pinpointed a vacant parcel in the CrossPoint Business Park as the site for its proposed new headquarters. The planning board will consider site plans for the project when it meets on Aug. 21.

Columbus McKinnon is proposing to build a two-story, 33,988-square-foot office building in CrossPoint.

The deal is the second significant addition in as many weeks at CrossPoint for Uniland Development Co., which owns the site. Financial industries giant BlackRock Inc., has selected a five-acre site in the office park for its $80 million data center. The BlackRock project will also be reviewed by the planning board during the Aug. 21 meeting.

While other communities are making a pitch to Columbus McKinnon, both the Amherst Industrial Development Agency and Empire State Development Corp. are crafting an incentive package to make sure the company remains headquartered in Amherst. The incentive packages will be presented to Columbus McKinnon officials in the next few weeks, sources said.

"It will be very aggressive," one source said.

Columbus McKinnon makes construction industry products and is one of the region's largest public companies. It currently leases space along John James Audubon Parkway in Amherst and its current lease expires in March.

Columbus McKinnon has been looking at corporate headquarters site for more than one year.

The proposed building will house the company's corporate offices and a training center. The company has 135 people working from its Amherst headquarters and 2,500 at its various plants and operations.

Last year, Columbus McKinnon reported sales of $597.3 million and its most recent fourth quarter sales rose 11 percent to $160.5 million, with 57 percent of those sales coming from the U.S.

Columbus McKinnon's stock (NYSE: CMCO) was trading for $26.94 Tuesday morning.

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