http://www.expansionmanagement.com/SMO/articleviewer/default.asp?cmd=articledetail&articleid=17660 COLUMBUS, Ind. (July 27, 2006) — The renewal, which runs through July 2019, offers the company competitive lease rates and allocates funds to allow Cummins to make improvements to the facility. Cummins Inc. announced that it has reached a new lease agreement that will keep the company in downtown Columbus, Ind., for many years to come. The renewal takes effect Aug. 1, 2006. The current lease was scheduled to expire July 31, 2009. The renewal, which runs through July 2019, offers the company competitive lease rates and allocates funds to allow Cummins to make improvements to the facility. Cummins owns the land on which the 390,000 square foot facility sits, but has leased the building from Newkirk Master Limited Partnership since 1983. Approximately 760 Cummins employees work in the building, which serves as the corporate headquarters for Cummins. Cummins employs more than 5,400 people in Indiana, most of them in the Columbus area and in nearby Seymour in southern Indiana. Cummins is the third-largest private employer in the state and the third-largest company in terms of revenue, with 2005 sales of $9.9 billion.
