Company spokesman Patrick Anderson says that with the cost of the land, the total project should cost between $16 million and $20 million. Stryker had considered a move out of state. Construction of the new Kalamazoo HQ will begin this summer and be completed by summer 2006, Anderson adds.
The Kalamazoo County board of commissioners has already given tentative approval to the land sale. The FAA and the Michigan Department of Transportation must also approve the sale.
The land is next to Stryker's current headquarters, which is a 35,000-sf building that it has been leasing since 1990. The new site is now a parking lot used by car-rental agencies at the airport.
Company executives considered locations outside the Kalamazoo area, particularly in northern New Jersey area, where its orthopedics division is located, Anderson says. Also in Kalamazoo, the company is spending more than $61 million to build a 433,000-sf building to house its medical division and a 200,000-sf building to house part of its instruments division.
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