Courtesy Prime Group
By Susan E. Campbell
Prime Group, a real estate investment company and a major owner/operator of self-storage units, plans to build a six-story building on Broadway in Saratoga Springs that would become its new office spaces and house other tenants.
The company has outgrown its office space at 85 Railroad Place in Saratoga Springs and is planning to relocate headquarters to the new construction on Broadway, opposite Congress Park, according to founder and chief executive Bob Moser.
The structure’s design calls for six stories with two levels of underground parking.
“Our staff will occupy the top two floors and the rest will be rented,” said Moser. “Tenants will be service providers such as lawyers, accountants and the types of companies Prime works with,” he said. “We are a relationship driven company.”
The administrative staff in Saratoga Springs is upward of 70 now and will grow to more than 100 by the time the building takes occupancy, he said.
“One hundred percent of the operation will be at the new site, including acquisitions, management, executive, and leasing staff,” said Moser.
On April 30, Moser’s team met by video with the city Planning Board to present its mixed-use, $25 million project at 269 Broadway, on one-half acre of raw land purchased by Moser from the personal portfolio of Tom Roohan of Roohan Realty, he said.
