JOHNSTOWN – The Fulton County Industrial Development Agency board voted Tuesday to utilize multiple commercial real estate brokers to market properties at the Tryon Technology Park.
The Fulton County Board of Supervisors on Tuesday at the County Office Building approved the concept of the IDA taking such action.
IDA Executive Director James Mraz said Thursday the IDA will probably begin soliciting for brokers by the end of the year.
“We’re going to put together a package to send to various brokers,” Mraz said. “We’re targeting getting things out in the next month or two.”
Both the IDA and county government are working closely to bring businesses to the new technology park in the town of Perth. Fulton County has invested county funds into marketing Tryon through: a Tryon targeted industry analysis, lead generation, sign and barriers, and a marketing agreement with the Fulton County Center for Regional Growth.
The IDA on Tuesday at the Fort Johnstown Annex reviewed potential real estate marketing services for Tryon. The agency previously authorized distributing a request for proposal to two commercial real estate brokers. Proposals were received from CBRE Albany and Berkshire Hathaway. Interviews were done by IDA members.
But county Administrative Officer Jon Stead told the county Board of Supervisors’ Economic Development and Environment Committee he thought the IDA board should seek the consent of Fulton County prior to retaining a broker. The board took such action Tuesday.
Mraz met with the committee Sept. 28 and supervisors decided to suggest the IDA send out a marketing prospectus to commercial brokers to bring prospective projects to Tryon. Any broker who brings a company to Tryon will be paid a commission. An incentive would be provided to any broker that brings a company to Tryon within one year.
Michael Anich covers Johnstown and Fulton County news. He can be reached at [email protected].