Faced with increasingly cramped conditions, Titan Machinery will be moving to a roomier, more convenient location by the end of the year.
A dealer of Case IH and New Holland farm and construction equipment, Titan hopes to begin construction of a 20,000-square-foot building by April on a 12-acre site at the corner of Expedition Court and Discovery Boulevard in the Expedition Business Park near Sioux Gateway Airport.
"Quite frankly, we were outgrowing our facility," said Dean Shaw, manager of Titan's Sioux City store at 33952 Frelon Drive in Leeds.
Once open, the new store will contain sales, rentals and service facilities. The current site will become home to a Titan outlet store.
Based in Fargo, N.D., Titan operates 91 agricultural and construction equipment stores in Iowa, Nebraska, South Dakota, North Dakota, Minnesota, Wisconsin, Wyoming, Colorado and Montana and two European dealerships in Romania.
The Sioux City location sells and leases only construction equipment, but a growing farm economy has allowed Case to expand its farm equipment product line, thus giving Titan a wider market base.
"We've benefited from a good farm economy," Shaw said.
The equipment rental side of the business has also grown. Shaw said it's often more convenient for out-of-town construction companies working on a project to lease equipment locally rather than take on the cost of transporting their equipment to the job site.
Titan's Sioux City location has added three jobs in the past four months. Once the move to the new site is completed, another eight to 10 jobs will be added between the two Sioux City locations.
Titan bought the site from the city for $1. In return, the company agreed to a minimum property assessment of $1.5 million. Shaw said accessibility was the main reason behind choosing the Expedition Business Park site. It's right off of Interstate 29 and is also near competitors.
The Titan Machinery expansion may be a smaller project, but it's adding jobs to Sioux City and is the type of project the city likes to see, said Sam Wagner, economic development specialist in the Sioux City Economic Development Department.
"We love seeing a company like that," Wagner said. "If they're growing, we like to keep them here."