MALONE — Dow Electric is buying the former Cleyn & Tinker building, with plans to hire 25 people and begin $900,000 in renovations this spring.
The announcement was made Tuesday by Franklin County Industrial Development Authority Chief Executive Officer John Tubbs.
Down Electric will pay $420,000 for the site and the 41 acres it sits on off Route 11.
The closing is expected to take place in May, and renovations and construction would start soon after, he said.
Brothers Anthony, Robert and Tracy Dow own the business, which was founded by their father, Harry Dow, in 1987.
The company specializes in electrical, high-voltage and traffic-signal-construction projects.
The family also owns Everything Electric in Malone and Potsdam and Alltech Integrations Inc. in Potsdam.
“We plan to focus on improving the building’s manufacturing and storage spaces, not only to meet our current and future needs but for the development of new businesses and job creation,” Cleyn & Tinker President Tracy Dow said in a news release about the planned purchase.
Site improvements will include mechanical upgrades; new heating, air-conditioning and ventilation work; improved data technology; and a sprinkler system.
He said Dow Electric also intends to convert its heating needs to natural-gas service when the 48-mile Enbridge-St. Lawrence Gas pipeline project through northern Franklin County is completed.
TENANTS MUST RENEW
Three tenants have used the Cleyn & Tinker building since the IDA took ownership in 2006, which includes the fleet of buses used by Franklin County Public Transportation.
Tubbs said the tenants will have to renegotiate their contracts with Dow Electric.
He said the company “is agreeable” to working with other businesses, companies and investors to develop all or part of the 41 acres surrounding the main building and that Dow Electric has the ability to construct a building to lease or build to suit an entity’s specifications.