MANHATTAN — The Frontier Farm Credit Board of Directors have approved the purchase of a lot in the Grand Mere Village, located at Kimball Avenue and Vanesta Place, for the construction of a new administrative office.
“We are excited about the potential to once again house all our administrative and centralized services staff under one roof,” said Doug Hofbauer, President and CEO. “The current administrative office on Seth Child Road was built to handle approximately 30 staff comfortably and with the current administrative and centralized service staff having grown to nearly 50, the Association has been leasing additional space.”
Since 2004, Frontier Farm Credit has more than doubled in size to nearly $1.3 billion in loan volume and has added new lines of business for insurance, accounting, tax planning and preparation, and estate and transition planning.
Bill Miller, Frontier Farm Credit Board of Directors Chair said, “As we faced the need of upgrading our facility, we wanted to take this opportunity to design a building that would best meet the current and future needs of our employees and customers, and invest in an asset that will hold its value over time.”
Don Wissman, Frontier Farm Credit Board member and a member of the facilities committee adds, “The current administrative office located on Seth Child is a well constructed building in a good location, but the potential for expansion just wasn’t there. The board is pleased to have a quality location with good access and visibility available like Grand Mere. The Grand Mere staff have been excellent to work with throughout our entire decision making process.”
Mary Vanier, President of Grand Mere Development Inc. said she is “thrilled that Grand Mere Village will be the home to the new Frontier Farm Credit Headquarters. Clearly a project of this size and magnitude required a special selection process and we’re delighted that Frontier Farm Credit chose us. We’re confident this is the beginning of a long and mutually beneficial relationship between both organizations.”
