NEWS

San Francisco-based pharma McKesson Corp reportedly acquires land for distribution center in Hamptonburgh

Thursday, Apr 30, 2015

A major pharmaceutical distribution company that has promised to create 164 jobs has closed on a 37-acre parcel of land in Hamptonburgh where it plans to build a massive distribution center.

The Orange County IDA confirmed the transaction but continued to refer to the company as Blackhawk Development LLC, the name it put on its PILOT application. High-level county sources have identified Blackhawk as San Francisco-based McKesson Corp., but declined to do so for attribution because the company has insisted on secrecy.

Other public officials and business leaders also acknowledged Blackhawk is McKesson but did not wish to confirm it on the record. McKesson’s corporate media relations department did not respond to an email request for comment.

McKesson is No. 15 on the Fortune 500 company list, with $137.6 billion in revenue in 2014 and more than 37,000 employees. It is the biggest pharmaceutical distributor in the U.S. It also sells other medical products and services, and operates a network of 2,900 Health Mart pharmacies, including franchises in Kiryas Joel, Montgomery, Rock Hill and Callicoon.

In its Hamptonburgh operation, the company plans to invest $85.2 million in the construction of a 340,000-square-foot distribution center, with the choice of building another 100,000 square feet. The site is adjacent to Hunter Panels off Hudson Crossing Drive, and within the Valley Central School District.

In exchange for the investment and a promise of 164 jobs, with salaries ranging from $38,000 to $68,000, McKesson has asked for a nearly $8.3 million property tax abatement and a sales/use tax exemption of $4.1 million. Full property taxes would be phased in over 15 years. The incentives would only apply to new construction. Taxes already being paid on the land would continue.

Laurie Villasuso, associate executive director of Orange County IDA, said Blackhawk had closed on its PILOT agreement and was already receiving the benefits.

 

 

recordonline.com

Other News