JOHNSTOWN - A worldwide trucking-warehousing company based in California has signed a lease to move into most of the 113,400-square-foot former Finkle Distributors building at the Johnstown Industrial Park, beginning May 1.
Michael Reese, president and chief executive officer of the Fulton County Center for Regional Growth, said Monday the CRG recently signed a two-year lease with California-based Yusen Logistics (America) Inc.
The company already has a building in the park, but it needed a bigger site, Reese said.
According to the Yusen Logistics website, the company provides air and ocean freight, as well as extensive truck services worldwide.
Reese said the company will use about 90,000 square feet of Finkle's former building at 160 Enterprise Drive. He said the CRG had been negotiating with Yusen Logistics for several months, and he has been working with an Albany real-estate agent on the lease.
He said the company previously purchased NYK Logistics in the Johnstown Industrial Park at 123 Union Ave. Ext.
Reese said the plan is for Yusen Logistics to vacate that smaller facility and move into the former Finkle building.
Reese said Yusen Logistics could have easily packed up at NYK Logistics and taken all of its business to Schenectady or Saratoga Springs.
"It's a positive. It keeps them here," Reese said.
He couldn't say how many new jobs may be created by Yusen Logistics.
"With more space, there's a potential for more jobs," Reese said.
A spokesman for Yusen Logistics in Long Beach, Calif., couldn't be reached Monday for comment.
CRG Board of Directors Chairman Dusty Swanger said Monday the move is a positive one for the county.
"We're certainly delighted that they needed the space and that they're moving into a larger facility," Swanger said. "It's good that they're staying in Fulton County."
The building was operated for many years by Finkle Distributors. That company filed for bankruptcy and was sold to California-based Core-Mark Holding Co. in August 2010 before vacating the facility.
According to the CRG website, the building has 113,400 square feet of "low bay" warehouse space, office space, docks, and ample parking.
The metal-and-brick building was built in 1996.
Michael Anich covers Johnstown and Fulton County news. He can be reached at email@example.com.