Grand Island based Amur Equipment Finance has completed a deal to purchase the former Wells Fargo banking office at 304 W. Third St. in downtown Grand Island. The company will be moving its main office to the new location, giving it the additional space to grow its existing workforce by 50 percent. (Independent/Barrett Stinson)

Switching buildings will allow Amur Equipment Finance to stay downtown. The new location will also allow the company to expand.

A little more than 80 people work in the current location, which is at 308 N. Locust St. The company has outgrown that space, says Jackie Havel, vice president of human resources.

In some cases, spaces designed for one or two employees are housing five or six.

“We’ve used every nook and cranny that we have available,” Havel said.

On Monday, Amur Equipment Finance completed a deal to purchase the former Wells Fargo banking office at 304 W. Third St. The company plans to move in late next year, after a renovation. The new main office will be about one block southwest of the current facility.

In its new digs, Amur Equipment Finance will have the opportunity to grow its workforce by as much as 50 percent.

“Plus, we wanted to put a permanent footprint in the Grand Island community by having our own building,” Havel said.

Amur Equipment Finance is currently leasing its offices, which occupy four stories.

The company is happy to “find a place and just be able to stay in the downtown Grand Island area,” Havel said. “Our employees are involved in the community and they like being in the downtown area.”

Amur Equipment Finance is a nationally ranked independent equipment finance provider. The company is a subsidiary of New York-based Amur Finance Co.

According to a news release, Amur Equipment Finance “offers customized capital financing programs that draw on its uniquely expansive expertise in the world’s most essential industries — from transportation and technology to manufacturing and medicine — to support its network of over 15,000 vendors and other partners.”

The company began in 1996 as Axis Capital.

The news release says Amur Equipment Finance’s “purchase of the building solidifies the company’s commitment to the local community by acting as a generator of economic growth for the downtown Grand Island area and provides additional space to accommodate ongoing growth objectives.”

Wells Fargo stopped using the building in May of this year.

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