East Lansing-Based Farm Credit Company Breaks Ground on $18.8 Million Project

East Lansing-based GreenStone Farm Credit Services recently broke ground on an $18.8 million corporate headquarters north of Lansing.

According to excerpts from the article:

Located along the U.S. 127 corridor just north of Lake Lansing Road at 3515 West Road, the new 78,000 square foot building will replace GreenStone's current corporate office located on Abbey Road just south of the construction site. In addition to the association's current 30,000 square foot corporate headquarters, it is also utilizing more than 6,500 square feet in a separate office building in the immediate area.

This new corporate office project is a result of GreenStone's consistently strong growth over the last decade, evolving from a $1.5 billion financial institution following the merger of four Farm Credit organization's in Michigan in 2000, as well as a subsequent merger with FCS of Northeast Wisconsin in 2003, to more than $5 billion in assets today.

As part of this building project, additional infrastructure work on West and Abbey roads is necessary to move forward with development. To assist in the costs associated with this infrastructure work, the Michigan Department of Transportation has recently awarded the city of East Lansing a Transportation Economic Development Fund grant to cover more than 60 percent of the expenses.

Read the entire article here.