MacAllister Machinery Co. Inc., the longtime distributor of Caterpillar equipment, said it plans to invest $44.5 million to build a new headquarters on the southeast side of Indianapolis.
The project will create 70 jobs by 2018, the Indiana Economic Development Corp. announced Wednesday morning.
MacAllister will build and equip a 300,000-square-foot office complex on 133 acres at 6300 Southeastern Ave. The project is more than triple the size of its current headquarters at 7515 E. 30th St.
IBJ reported in May the project was in the works, but at the time a company official would not provide details, such as the amount the company was investing.
The new facility, which will house sales, rental, parts, equipment service and administrative operations, is expected to open by December 2016.
MacAllister Machinery, which has about 500 employees in the Indianapolis area and nearly 1,000 statewide at 20 locations, plans to begin hiring for diesel mechanic, truck driving, sales, administrative and clerical positions immediately.
Founded in 1945 by P.E. MacAllister, MacAllister Machinery sells Caterpillar construction, mining and power-generation equipment, in addition to offering equipment from other manufacturers.
“Four generations of MacAllisters have been committed to the city of Indianapolis and Indiana. We are Hoosiers through and through,” said Chris MacAllister, P.E.'s son and the company's president.
He said the new headquarters will allow MacAllister Machinery to consolidate five locations into one and provide elbow room to operate more efficiently.
The IEDC offered MacAllister Machinery up to $1 million in tax credits based on the company's job creation plans. The credits are performance-based, meaning until workers are hired, the company is not eligible to claim incentives. The city of Indianapolis will consider additional incentives.