Kansas City, Missouri (PRWEB) September 26, 2011
Duraseal Pipe Coatings Company, LLC. signed a three-year lease for 37,000 square feet of office and manufacturing space at the 1,400-acre former Richards-Gebaur Air Force Base, Kansas City, Missouri Port Authority, President and CEO Michael Collins announced on September 23, 2011. The Port Authority oversees management of nearly a half million square feet of leased office and industrial space at Richards-Gebaur and is responsible for converting it into an international trade-processing center.
“Richards-Gebaur is an ideal location for a company like Duraseal, a growth-oriented manufacturer staying on the cutting edge of its industry’s technology,” said the Port Authority’s Collins. “Port Authority staff and Zimmer Companies brokers led a team in touring Duraseal’s Olathe facilities and doing the due diligence with the company to be confident that Richards-Gebaur would be a good solution for them. We’re excited to have such an industry leader and quality employer in Kansas City, Missouri.” The 5,540 square feet of office and 31,601 square feet of manufacturing facility are in both Jackson and Cass counties.
Duraseal is a manufacturer of coating products serving the oil and gas industry. It will bring 35 employees to Missouri and anticipates the creation of 45 new positions at the new location, according to John Crawford, interim CEO of the Economic Development Corporation of Kansas City, Mo (EDC). The EDC worked with the state of Missouri to secure nearly $212,000 in tax credits for the company through Missouri’s Quality Jobs program.
The EDC’s Crawford said that the project will result in an initial investment of $8,447,000 with the expected 45 new positions having an average wage of more than $30,000. “This is another investment in job creation that is working for Kansas City, Mo.,” Crawford said. “Duraseal is a technology innovator serving the energy sector and a great example of how American manufacturing continues to provide quality jobs and careers in our own community.”
Founded in 2008, the company’s customers include domestic and global energy producers and exports some of its products. “Duraseal would like to thank the Port Authority of Kansas City, the EDC and Zimmer Companies for their contributions to making our transition to the State of Missouri a seamless process and look forward to working with them well into the future,” said Bruce Hollister, chief financial officer of Duraseal. “We are excited to start operations in the new Richards-Gebaur facility which we believe will allow us to more effectively realize our continual growth and, in turn, create more job opportunities for the area.”
John Hassler, a broker with the Zimmer Cos., represented Duraseal while Mark Long, also a broker with Zimmer Cos., represented the Port Authority in the transaction. “Decision makers are paying attention to all of the infrastructure in place and street improvements underway at Richards-Gebaur,” Long said. “Duraseal is taking advantage of the cost savings and functionality that comes in taking over a former corporate jet facility that is in good condition and well suited to its operations.”
Other Richards-Gebaur tenants managed by the Port Authority include Sealaska Constructors (formerly Kingston Environmental), PM Contracting, Midwest Research Institute, Snowfighters, Holiday Display Services, Inc., SLH Manufacturing, R-G Development, Sterling Supply Company, Kansas City Southern, and US Engineering.
Kansas City, Missouri Port Authority (http://www.kcportauthority.com)
Economic Development Corporation of Kansas City, Missouri (http://www.edckc.com)
Duraseal Pipe Coatings Company LLC (http://www.durasealcoatings.com)
Zimmer Companies (http://www.zimmercos.com)