Truck-leasing company plans to move office, 55 employees from Omaha to Council Bluffs

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Posted: Thursday, March 13, 2014 12:00 am

The owner of a truck-leasing company has plans to move his corporate office with its 55 employees to Council Bluffs from downtown Omaha.

The Council Bluffs Planning Commission this week approved the rezoning request by Wayne Hoovestol to build a two-story, 24,000-square-foot building, along with an attached shop and nearby storage warehouse near the northwest corner of South 35th Street and Nebraska Avenue.

That site will allow him to consolidate his downtown Omaha office, Cresco Capital, 222 S. 15th St., with his shop and warehouse facilities, known as Lone Mountain Truck Leasing, in Pacific Junction, Hoovestol said.

Cresco Capital is the corporate and financial portion of his lease-to-own trucking business.

“We were looking around, and that area seemed like a good location,” Hoovestol said. “It's close to the interstate and close to the airport. People who buy trucks are from all over.”

Only one more step, approval by the Council Bluffs City Council, is needed before he can move forward. If the council approves, Hoovestol plans to invest approximately $5 million for the land purchase and construction costs.

Overall, he plans to buy about 28 acres of land with 13 of those acres for his project. The other land would be available for other developments, he said.

“We could start construction this summer, for sure.”

Upon completion, the 55 downtown Omaha employees will move there, along with the 15 workers at the Pacific Junction facilities.

The Omaha jobs include accountants, insurance agents, information technology specialists, marketing, credit analysts and customer service personnel. The consolidated site will bring an initial total payroll of $3.5 million, with employment growth expected.

“We'll be adding some jobs,” Hoovestol said.

Just five years ago, his Omaha office had just 15 employees, he added.

The glass and stucco exterior office will face the front with the shop and storage warehouse of truck parts and tires storage in the back. Trucks for buyers to look at will also be in the back.

Iowa's effort to bring new jobs by reducing commercial property taxes wasn't the main reason for the new location, Hoovestol said, but he quickly added, “It doesn't hurt.”

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