Trane, a world leader in air conditioning systems, services and solutions, has announced it will open a company-owned dealer sales office and warehouse complexes at the Owassa Lakes Business Park in Edinburg. The facility will eventually create as many as 200 jobs.
With Trane’s presence, the business park located near Interstate Highway 69C, will now be at 100 percent occupancy, allowing CTC Distribution Ltd., which owns the complex, to begin planning for another 50,000-square-foot expansion which will be identical to the building that is housing Trane.
With the new addition, “Tenants will have options of 12,500 square feet and 25,000 square feet available for leasing,” says Bruce Goldman, a partner at CTC Distributing, Ltd.
Trane’s new sites in Edinburg, San Antonio and Austin will serve their respective region’s Trane residential dealers directly, according to Mark Wagner, vice president of Sales for Trane Residential HVAC. It will offer residential and light commercial heating, ventilation and air conditioning (HVAC) solutions and services, including Trane, Ameristar, and Nexia products.
“In the case of Trane, they have signed a five-year lease, with renewal options, with the Owassa Lakes Business Park,” said Agustín García, Jr., the executive director for the Edinburg EDC. “Trane is scheduled to begin initial operations on Oct. 1 of this year. We are confident that Trane will reach its stated goal of almost 200 employees during this period.”
The recent and planned expansions at Owassa Lakes Business Park have been helped by the Edinburg EDC, which in January 2013, with the approval of the Edinburg EDC Board of Directors, authorized up to $300,000 in site development improvements at that location. Those payments to the Owassa Lakes Business Park are made on a reimbursement basis by the Edinburg EDC, after proof of the work done is provided and confirmed.
In order to qualify for all of the reimbursement incentives set by the Edinburg EDC, Owassa Lakes Business Park will also have to generate about $9 million in development, and create an estimated 350 permanent full-time jobs, including Trane’s plan to hire almost 200 employees.