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Stream Int'l Enters NY Market With 76,000-SF Watertown Deal

NEW YORK CITY-The global customer-service management firm will spend $8 million to build out the former Woolworth building, purchased yesterday by Jefferson County. The deal is considered a major North Country coup that will bring 700 jobs to the area.

By Glen Thompson | Updated on August 06, 2002

NEW YORK CITY-In one of the largest economic development deals in recent Jefferson County history, customer service management firm Stream International will establish its first New York presence by year’s end at a 76,000-sf facility within the Watertown Empire Zone.

The Canton, MA-based company will spend $8 million building out upstate Watertown’s former Woolworth Building at 146 Arsenal St. The North Country property will house a customer interaction center that will create 700 jobs for the area. Renovations are scheduled to begin within the next few weeks with an opening planned for later this year. Watertown will be the global concern’s fifth US customer interaction center.

The Woolworth Building site was made definite last month when New York State Senator James A. Wright secured a $500,000 state Legislative grant for the Jefferson County Industrial Development Agency to acquire the property. The acquisition of the property allows for local ownership and control of the asset. The grant covers the entire purchase price of the building and the sale closed yesterday.

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