New Altorfer headquarters will double existing facility’s space

Altorfer Inc. is planning to build a new corporate headquarters facility in southwest Cedar Rapids that will provide nearly double the space of the construction equipment company’s existing headquarters, Altorfer president Derek Altorfer said.

At its Aug. 9 meeting, the Cedar Rapids City Council approved a project term sheet and authorized negotiation of a development agreement with Altorfer Inc. for the company’s new 150,000-square-foot facility, which will…