gets first tenant
An office building in Forty Fort owned by Mericle Commercial Real Estate Services has landed its first tenant.
IMA Group, headquartered in Tarrytown, N.Y., with its main operations center in Albany, N.Y., has leased 3,259 square feet of space at 150 Welles St., where the company expects to create eight to 10 jobs. The company is opening several new offices in the Northeastern United States.
IMA Group provides medical, psychological and speech and language evaluations, and focuses on Social Security disability, employability, independent medical evaluations, and occupational health services. The company’s clients include local, state and federal agencies, as well as private insurers and corporations.
IMA Operations Manager Kathy Simons said the location is ideal, providing easy accessibility to clients.
Mericle Vice President Dan Walsh said Mericle’s design and construction team customized IMA’s space and completed renovations in 30 days.
“They’ve been able to give us exactly what we need with a very fast turnaround,” said IMA’s Pennsylvania Project Manager James Coseo.
For more information about IMA Group, visit www.industrialmed.com.
slows in January
U.S. manufacturing barely expanded last month as cold weather delayed shipments of raw materials and caused some factories to shut down.
The Institute for Supply Management, a trade group of purchasing managers, said Monday that its index of manufacturing activity fell to 51.3 in January from 56.5 in December. It was the lowest reading since May, though any reading above 50 signals growth. Manufacturers said export orders grew at a healthy pace but slightly less than in the previous month.
The figures suggest that U.S. manufacturing is slowing after a strong finish to last year.
Weather gives auto
dealers the blues
Frigid temperatures and snowy weather generally kept buyers away from auto showrooms last month, with Ford, General Motors, Toyota and Volkswagen all reporting declines from a year ago.
But Chrysler, Nissan and Subaru and Hyundai dealers were happy. Sales ran counter to the thermometer and were up for all three brands.
January is usually a slow month for auto sales, but the polar vortex likely slowed things even more. Industry analysts predicted little or no sales gains last month compared with a year ago. Ford said the industry saw double-digit sales gains in the West, where the weather was good, but big declines in other regions.
GM said its sales dropped 12 percent compared with the same month a year earlier, while Ford and Toyota each were down 7 percent. Volkswagen slumped 19 percent.
But Chrysler’s U.S. sales advanced 8 percent, while Nissan’s rose nearly 12 percent. Subaru saw a 19 percent increase, and Hyundai reported its best January ever with sales up 1 percent.