FedEx Trade Networks, the freight forwarding and customs brokerage arm of global shipping giant, began construction on its Riverview Solar Technology Park campus in Tonawanda, New York.
FedEx officials said by moving into the park, New York’s first solar-ready business complex, FedEx Trade Networks will consolidate multiple locations and functions. The 25-acre, build-to-suit facility will provide the company 55,000 square feet of warehouse space and 33,000 square feet of office space across two floors.
“Conducting business in an environmentally sustainable way is important to FedEx Trade Networks. Our involvement with the Riverview Solar Technology Park illustrates our commitment to our customers, and the local community, to seek out innovative processes to streamline our operations and reduce our carbon footprint,” said Fred Schardt, president and CEO, FedEx Trade Networks. “We’re proud to be part of New York’s first commercial solar project development and we look forward to doing environmentally sound business in the Town of Tonawanda and Western New York region for years to come.”
Strategically situated, Riverview Solar Technology Park is just 10 miles from the Canadian border and the province of Ontario, with quick access to both highways and rail. The solar campus is also recognized as a New York State Shovel-Ready Certified Site, and is known as a “low-impact green business park,” limiting the unnecessary removal of trees for the convenience of construction.
“Moving into Buffalo-Niagara’s first Building Integrated Photovoltaic solar energy business park demonstrates the fact that FedEx Trade Networks does indeed embrace the benefits of doing business in a manner that lessens its impact on the surrounding environment,” said Matthew Montante, chief operating officer for TM Montante. “We hope this move will serve as an example for other industry-leading companies to strongly consider the advantages of establishing offices in similar clean power office parks.”
FedEx Trade Networks brings $5.2 million to the deal, while New York State has committed $2.56 million in Excelsior tax credits to the build. This past month the Erie County Industrial Development Agency granted $1.9 million in tax abatements to the project. According to FedEx Trade Networks, construction will begin this month and the first wave of company employees is projected to move in toward the end of 2013.