GE Lighting leaving Boulder for Longmont
Last Updated: 19:16 December 3, 2013
GE Lighting has sold almost three times more industrial LED fixtures this year than last year as the efficiency of LED-based lights has gone up and prices have gone down, said Jeff Bisberg, who will be the site leader at the new location at 1844 Nelson Road in Longmont. The new location will be about double the square footage of the space the company occupies in Boulder. The company will take up about one-third of an existing 174,000-square-foot building, he said.
"GE is reinvesting in the area and supporting growth here," Bisberg said. "We're proof that you can do manufacturing in the United States and do it successfully."
About 80 people work at GE Lighting's plant in Boulder. The company plans to grow to about 100 people around the time of the move, Bisberg said. The new site was chosen for several reasons, including its proximity to the 174,000-square-foot GE Energy plant at 1800 Nelson Road, next door, he said.
General Electric does not release financial details of the revenue from its divisions, Bisberg said. The LED lighting systems are used in a variety of warehouses, commercial buildings and public buildings.
Dean Callan & Co. Inc. in Boulder and Scott Garel, a broker at Newmark Grubb Knight Frank's office in Denver, represented the landlord in the transaction. Matt Trone and Steve Hagar, brokers at Cushman & Wakefield of Colorado in Denver, represented GE Lighting.
GE Lighting is a division of General Electric Co. (NYSE: GE). General Electric bought the former Albeo Technologies Inc. in Boulder, in 2012, and it became a brand of GE Lighting. Albeo was founded by Bisberg.
More breaking news...
OIA likes proposed budget for public lands
Boulder Brands outlines 2014 for investors
TekDry attracts cash to save wet cellphones
Fresh off of a glowing 2013 earnings report that showed profit had more than doubled
According to a document filed with the