GEICO is growing its local presence in Amherst announcing 600 new jobs at Uniland Development Company’s CrossPoint Business Park.
GEICO, the nation’s second-largest private passenger auto insurer, will begin leasing the 86,000 square foot office space at 150 CrossPoint in October (below). The property is just a short distance from GEICO’s Buffalo Regional Office at 300 CrossPoint Parkway (above). GEICO has leased its Regional Office from Uniland since 2005 when it opened with 300 employees. Today, more than 2,700 employes work in the 256,728-square-foot facility. Uniland sold the property and 22 acres around it to GEICO for $23 million in April.
“The addition of 600 new jobs is no small thing and is a major local development success story,” said Governor Andrew M. Cuomo. “The expansion of GEICO is proof positive that our strategy of capitalizing on regional assets to attract top-level private investment and leverage job growth is working.”
CrossPoint is home to GEICO, CitiGroup, Fidelis Care, M&T Bank, BlackRock and Columbus McKinnon. The firms employ nearly 9,000. The business park has more than 40 acres available for development and once built-out, is expected to contain 20,000 jobs.
“We are gratified that clients such as GEICO and Fidelis can grow at CrossPoint and that is one of the advantages of locating here and working with Uniland,” said Michael Montante, Uniland vice president. “We are adept at understanding the needs of Fortune 500 companies, guiding them through the real estate process and investing in those long-term relationships.”