Noteworthy Industries is selling its Church Street headquarters and consolidating operations into a single facility on Forest Avenue.
The property at 100 Church St. is listed with CBRE Albany for $395,000. It went on the market in late December, said Mick Mullins, associate broker for CBRE Albany.
“It is a longtime business looking to sell. It has consolidated to Forest Avenue where it has another building,” Mullins said. “This is excess property for them. The company is still operating; there are no changes.”
Noteworthy company officials could not be reached for comment Monday.
The Church Street property contains 95,571 square feet spread over three stories. The site contains parking for approximately 100 vehicles, with an option to add more, Mullins said.
Noteworthy prints bumper stickers, nonwoven totes, notepads, plastic bags, folders, coloring books, yard signs and more. Thomas Constantino founded the family-owned and operated business in 1954. His wife, Carol, took over the company after his death, and then their sons did.
The company at its height occupied 800,000 square feet in various locations in the city, had annual sales of $35 million and employed 325 people, making it one of the city’s largest employers.
Montgomery County Industrial Development Agency Director Ken Rose said the company’s employment has declined over the years to a total of 54 as of 2011. “We are waiting to see what their numbers are this year,” he said.
Noteworthy has a bond through the IDA worth $1.9 million, which it used to buy a printer, so it must submit employment reports annually.
Mullins said the Church Street building, a former mill, “can present a challenge, but we are hopeful there are still businesses in city that can find ways to utilize these old buildings.”
The building contains approximately 25,000 square feet of office space, with the rest configured for assembly and warehouse space.
“[In terms of price], it offers a real economic opportunity,” Mullins said. “The price per square foot is $4.13. You may need to pay that amount a square foot to lease a building for one year. Here you can buy the facility for that price,” he said.
The building is on State Route 67, which connects to Route 30 and leads to the state Thruway.
GAZETTE COVERAGEEnsure access to everything we do, today and every day, check out our subscribe page at DailyGazette.com/Subscribe
More from The Daily Gazette:
Categories: Business, Schenectady County