Captech expands in Schenectady County
Captech expands in Schenectady County
Jan 4, 2016, 2:48pm EST
Robin K. Cooper, Reporter
Albany Business Review
Captech Logistics has signed a three-year lease on a second 50,000-square-foot warehouse in Rotterdam, New York.
Allen Kintz, co-founder of the warehousing and distribution company, said Captech decided to expand in the Rotterdam Corporate Park in Schenectady County because it had a better location and a lower price than a site he considered in Montgomery County.
From left, Allen Kintz and Dan Finkle are co-founders of Captech Logistics in Rotterdam
ROBIN K. COOPER
Kintz started the business with Dan Finkle in 2014. The company stores a mix of pumps, solar panels, building materials, batteries and beauty products for distributors and retailers from around the world. Captech also repackages orders and provides same-day shipping for its customers.
Captech is located in the Galesi Group’s Rotterdam Corporate Park, the largest corporate park in the region. The 3.7 million-square-foot park is located near Interstates 90 and 88 and state Route 7. Other tenants include a Golub Corp. grocery distribution center and a Railex warehouse.
The Galesi Group also operates a logistics business in the park called Distribution Unlimited. That business employs 55 people and is investing $5 million to build a new 100,000-square-foot warehouse. Distribution Unlimited provides public warehousing, freezer and cooler storage, order selection, inventory management and bulk materials handling for clients throughout the Northeast.
The demand for industrial space was strong in early 2015, according to a report by CBRE-Albany. The vacancy rate for industrial space hit its lowest level since before the recession, signaling a need for expansion.
Captech opened its doors two years ago with an empty 50,000-square-foot warehouse. The company doubled its space two weeks ago when Kintz and Finkle signed a lease for the second 50,000-square-foot space.
Captech currently is searching for more warehouse employees. The company’s payroll doubled to eight employees from four last year. Kintz said the demand for more storage space came after his company began serving as the East Coast distribution center for two German firms that supply solar panels and building materials.
Robin K. Cooper covers manufacturing and sports business.