An employee-owned HVAC supplier with a 78-year history in Greensboro plans to invest $40 million and create 131 jobs over the next five years by expanding its corporate headquarters in its home county.
Hoffman & Hoffman plans to purchase two tracts of land totaling 31.5 acres, including a 100,000-square-foot building and a 170,000-square-foot warehouse, which will then serve as its expanded corporate headquarters.
For the first time in recent years, the move will allow Hoffman & Hoffman’s Greensboro operations to be at a single location, according to a release. The company employs almost 1,300 workers at 26 locations, including 739 in North Carolina. It also has an office in Ireland.
“We have a long history in North Carolina and we’re happy to keep growing here and employing more people here,” says marketing manager Kelly Patterson.
The company currently uses three different sites spread across Greensboro as its headquarters, she says. The new headquarters will put the company’s Greensboro operations about six miles southwest of Piedmont Triad International Airport. The company expects to close on one of the properties on Friday and the other in mid 2026.
“The Hoffman family of companies continues to grow because our employee-owners never lose sight of the people we serve,” said Jim Bingham, CEO of Hoffman & Hoffman. “When we put our customers at the center of every decision, success follows.”
The new jobs will have an average annual salary of $72,176, almost 20% greater than Guilford County’s current average salary of $60,195. The new hires will fill management, administrative, sales, warehouse, manufacturing and other roles.
Hoffman & Hoffman is the parent of five companies. Hoffman Building Technologies is a building controls company; Hoffman Hydronics performs water-based work, such as pumps and boilers; Hoffman Mechanical Solutions does after-market HVAC services; Hoffman & Hoffman does commercial HVAC work; and Hoffman Parts and Warehouse is a distributor.
In North Carolina, the company has offices in Asheville, Charlotte, Raleigh and Wilmington.
Hoffman & Hoffman began in 1947 with brothers Harry and Louis Hoffman opening a commercial HVAC equipment business in a shared apartment over a horse barn on their father’s Guilford County property. The business was incorporated in 1948 and the brothers moved the business to an office space.
Louis Hoffman retired around 1988, and made the business a partially employee-owned company, giving half to his son, Rusty Hoffman, who became company president after joining the company in 1980 in sales. The business became 100% employee-owned in 2016.
The private company declined to disclose financial information.
On Tuesday, the state’s Economic Investment Committee, part of the Department of Commerce, awarded Hoffman & Hoffman an economic incentive valued at $1.1 million over 12 years. Hoffman & Hoffman will also take advantage of workforce training valued at $500,000 and a facility re-use grant valued at $500,000. Guilford County and the city of Greensboro contributed an additional $393,000.
Hoffman & Hoffman considered expanding in Columbia, South Carolina, where it also has an office and warehouse, according to state records. The company chose Greensboro because of its labor force, education and training opportunities, its growth in population, transportation and the incentive package, according to the state.
Spark LS, the Triangle’s largest mixed-use life sciences and advanced manufacturing campus, secured 1.27 million square feet in leases with an unidentified company setting up a North American manufacturing hub.
The agreement represents the largest manufacturing lease signed in the U.S. this year, according to researchers at the CBRE real estate company, according to Trinity Capital Advisors marketing director Molly Carroll. Charlotte-based Trinity and Starwood Capital Group are Spark’s developers.
The transaction secured Spark’s first tenant almost four years after the Morrisville project was announced by Miami Beach-based Starwood and Trinity. They unveiled plans for 1.5 million square feet of lab and bio manufacturing space, 15 buildings, restaurants, retail and outdoor recreation areas.
Carroll said Trinity isn’t identifying the tenant, which is based in Morrisville. The Triangle Business Journal said it is Millennium Print Group, a manufacturer of Pokemon cards and subsidiary of The Pokemon Company International of Japan.
The global manufacturer plans to occupy more than 400,000 square feet in existing buildings in Spark, as well 866,000 square feet in a new facility, the Trinity statement said. Upfitting of the existing space and construction of the building will start next year, with full-scale operations slated to begin in late 2028.
Securing the tenant represents “a transformative milestone, both for our campus and for the region’s advanced manufacturing ecosystem,” Tyson Strutzenberg, senior asset manager at Trinity, said in the statement.
After the agreement, 150,000 square feet of constructed space remains available at Spark. There’s also room for the development of an additional 210,000 square feet of manufacturing space.
It’s another big economic development win for Morrisville, a fast-growing town of roughly 34,000 people adjacent to Research Triangle Park.
Swiss-based Novartis broke ground last week on its Triangle expansion, with plans to invest $771 million and create 700 jobs by 2030. It plans to build two facilities in Durham and add capacity to existing operations in the city, while building a new facility in Morrisville’s Pathway Triangle life science campus, the town said in a statement.
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