A company based in the United Kingdom soon will open some kind of processing facility in downtown Modesto. Details about the incoming venture will be revealed Tuesday.
The foreign firm will take over about 3,000 square feet of ground-floor space at 14th and H streets, inside the building where The Modesto Bee leases offices.
“I offered them an extremely attractive lease rate to help them get a foothold in the U.S. market and to hopefully provide a positive stimulus for our local economy,” said Niniv Tamimi, managing partner for the building’s owners.
Tamimi’s group of investors purchased the 155,493-square-foot Bee building in 2011. The newspaper remains as the property’s primary tenant. The law office of Mae Yoshita also rents ground floor space there.
For several years the block the building occupies – between I and H and 13th and 14th streets – was considered for the proposed new Modesto courthouse, but a different downtown location was chosen instead.
Exactly what the incoming foreign firm will produce in the building and how many people it will employ has not been announced. It reportedly will be the company’s first facility in the United States.
“I can’t give too many details right now, but I will say that the company is a fast-growing manufacturer and a great fit for our county,” said David White, the Stanislaus Business Alliance’s chief executive officer.
Tamimi said it is his understanding the company will do assembling rather than manufacturing products from raw materials.
More information will be announced during a public event 9 a.m. Tuesday inside the building’s lobby at 1325 H St.