VeriFacts ready for move to business park
STERLING – VeriFacts expects to be moved into its new home in the Meadowlands Business Park within the next 2 weeks.
The data verification company on May 22 announced that it planned to buy the former Halo Branded Solutions building at 1980 Industrial Drive. Halo, a rapidly growing promotional and employee recognition products company, moved into its new corporate headquarters in the business park in April.
Halo leased the building on Industrial Drive from Glenview-based Titan Development Co., and the current lease doesn’t run out until Jan. 31. VeriFacts owner Jim Gabler is buying the building, however, and signed a short-term lease that started June 1. He will assume ownership when Halo’s lease expires.
If all goes according to plan, the company will move from downtown Sterling the weekend of July 14-15.
“While all plans are subject to change, I’m hopeful that we can move July 15 and be ready to go the next day,” Gabler said.
Leasing the building in June has allowed for a smoother transition – one that won’t affect the employees or the company’s bottom line.
“We’ve been planning all of this for a while and everything has been well thought out,” Gabler said. “It’s been gradual enough so that no production or employee hours have been lost.
Gabler is trying to sell or lease the VeriFacts building at 204 First Ave. that he bought 15 years ago. Gabler said he’s is looking outside the box and exploring every avenue to get someone in the building that was home to the downtown’s biggest employer.
Gabler brainstormed with Whiteside County Economic Development Director Gary Camarano earlier this week.
“He showed me around the building, so I had a better idea of possible uses for the space,” Camarano said. “We discussed a few ideas, but nothing yet that we’re ready to talk about.”
Like Halo, VeriFacts’ move was driven by rapid growth. The company has about 135 employees and wants to hire about 100 more as soon as possible.
VeriFacts will gain 10,000 square feet of space in the business park and will be able to keep everything on one floor. The downtown space was spread out over three floors. Parking concerns will be alleviated and there is enough land for future expansion.