Calumet Specialty Products Partners, L.P. is a specialty products refiner headquartered in Indianapolis, Indiana. In addition, they have operations in Shreveport, Cotton Valley and Princeton, Louisiana; Karns City, Pennsylvania; and Dickinson, Texas. Due to acquisitions and significant growth, Calumet had outgrown its existing headquarters office space in Indianapolis.
Calumet had 75 employees at its headquarters and wanted to examine options to expand its current office or relocate to an office closer to its existing production facilities in Louisiana. The expansion project would lead to the creation of an additional 48 jobs over five years.
Calumet engaged Brian Wahl of RESOURCE to assist in researching the option of expanding its headquarters operations in central Indiana or relocating to another facility. Brian worked closely with company executives to assess the current operations, look at additional properties and procure tax credits and incentives. Brian was successful in obtaining state and local tax incentives for Calumet totaling $537,000. As a result, Calumet expanded their headquarters by 35,000 SF and will add 48 jobs over five years.
Note: We have several professionals with substantial client transactional experience prior to joining RESOURCE Commercial, which is included above.