News:
Owners Developers & Managers
Posted: January 14, 2025
Old Dominion Freight Line to develop 20-acre site in Broome Corporate Park
Conklin, NY Old Dominion Freight Line (ODFL), a leading national freight company, is set to purchase a 20-acre site in the Broome Corporate Park to construct a cross-dock logistics facility. The site, which has remained vacant since the park’s establishment in 1984, will soon see new development that supports economic growth and job creation.
ODFL plans to build a 32,000-35,000 s/f cross-dock facility on the land. This development is expected to create a50 new jobs, further contributing to the economic vitality of Broome County and the Town of Conklin. The project has successfully navigated the necessary rezoning and site plan approval processes with the town of Conklin, marking a major milestone for the development’s progression. Montante Development assisted with the site selection process.
“We are thrilled to see Old Dominion Freight Line investing in our region. This development not only enhances logistics capabilities but also strengthens the economic vitality of Broome County. The addition of ODFL to our community is a testament to the confidence in our area as a hub for business growth,” said Stacey Duncan, CEO of the Leadership Alliance.
“It’s exciting to see long-vacant land in the Broome County Corporate Park being transformed into an opportunity for economic growth and job creation. We look forward to welcoming Old Dominion Freight Line to Broome County and seeing the positive impact this will bring to our community," said Broome County executive Jason Garnar.
The Broome Corporate Park, located for industrial and commercial development, has been a cornerstone for business expansion in the area. This project marks one of the final remaining sites at the park to undergo development.
Old Dominion Freight Line (ODFL) is a premier national freight transportation company, known for its commitment to reliable and efficient service. ODFL operates a network of cross-dock facilities across the country, ensuring seamless logistics solutions for businesses of all sizes.
MORE FROM Owners Developers & Managers
Commonfund relocates New York City office to 825 Third Avenue
Manhattan, NY Commonfund, an independent asset management firm serving institutional investors, has signed a lease to relocate its office from Park Ave. to the entire 22nd floor of 825 Third Ave., encompassing 11,816 s/f.
Quick Hits
Columns and Thought Leadership
Hunt Commercial Real Estate Q&A: Location, location, location? - by David Hunt
In working with our clients, we break down our search objectives into two categories. The first category involves the specific needs of your business such as warehouse height, amount of office space and number of loading
IREON Insights: Research and development tax credit: Very important deadline for amendments is July 6 - by Richard Levychin
If you are a company that either claimed or qualify for the research and development tax credit you need to be aware of the following update resulting from the One Big Beautiful Bill Act (OBBBA).
Follow the upside: How NYC investors are rethinking real estate - by Thomas Donovan
In my earlier years of brokerage, my team had our investor list divided into five brackets – multifamily, retail, office, industrial and development. For the most part, multifamily investors only wanted to see multifamily
NYC's Community Opportunity to Purchase Act is back - and multifamily owners should pay attention - by Ron Cohen
New York City’s Community Opportunity to Purchase Act (COPA) is back, and this latest version could have a much better chance of becoming law. The proposal would give qualified nonprofit organizations
