FAIRFIELD – RelaDyne will move its lubricant business from Sayler Park to Fairfield by year’s end.
The company has outgrown its wholesale oil distribution operations at its River Road location, said Tony Downs, the company’s Midwest general manager. Clients include Shell and Chevron.
“It’s been a great place, but we’ve outgrown it,’’ Downs said. “We want to grow and this is a good area.”
RelaDyne plans to lease about 105,000 square feet of space in one of two buildings NorthPoint Development plans to construct on a 39.7-acre site on the northeast corner of Seward Road and Union Centre Boulevard.
“It’s a good project for the city,’’ said Greg Kathman, Fairfield’s director of development services.
“RelaDyne is a fast-growing company. We think there are immediate benefits to the city and good, potential long-term benefits if they continue to grow as they have recently.”
The $33 million to $35 million project to be known as Union Centre Logistics Park includes the 477,360-square-foot building that RelaDyne will be located in, and a 128,304-square-foot structure that has no named tenants yet, said Tim McElroy, NorthPoint’s vice president of development.
To help move the project forward Fairfield approved a Community Reinvestment Area agreement that provides an eight-year, 75 percent property tax abatement on the larger building.
RelaDyne will move its 105 employees – with an $8.9 million payroll – into the new building, plus add 40 jobs over the next three years as part of the agreement.
The added jobs are expected to boost the annual payroll to $11,365,000, according to papers filed with the city.
McElroy said NorthPoint plans to have the first building ready for RelaDyne to move into sometime in October or November. The second structure would be ready for tenants about a month later.
“We look forward to a successful development in Fairfield,” McElroy said.