Business & Real Estate

Coldwell Solar moving to larger HQ in Rocklin

Coldwell Solar Inc., a Rocklin-based builder and installer of industrial-scale solar energy systems, said Thursday that it purchased a nearby 23,000-square-foot building that will become its new headquarters.

Don Carlson, Coldwell’s vice president of project development, said the company expects to move operations into 500 Menlo Drive by late July. Currently, the company operates out of less than 10,000 square feet at 3845 Atherton Road.

“We have a need for a bigger building in so many ways. We’re really expanding. We hired just hired five last week,” Carlson said in a phone interview.

Privately held Coldwell did not disclose the purchase price of the existing building. Carlson said the company has already done extensive upgrades inside and out.

Coldwell Solar also has commercial operations in Petaluma, Visalia, Bakersfield and Burbank, plus offices in Phoenix and Albuquerque, N.M. Company-wide employment is about 50.

Founded by President and CEO Dave Hood in 1986, Coldwell does projects for agribusiness, utilities, schools, commercial buildings, manufacturing and industrial companies. The firm reported record sales of $33.17 million in the fourth quarter of 2014 and has projected sales revenue of more than $100 million in California in fiscal 2015.