Company looks to solidify market position with signing of 2004's largest lease deal in Midwest
Plainfield, IN — January 4, 2005 — LOGISCO, one of the nation's fastest growing third-party logistics providers (3PLs), has acquired an additional 813,000 square feet of warehouse space in a move to help solidify its position in the Midwest contract warehousing market.
The company has moved into its new AirTech Park facility as part of a multi-year lease — the region's largest lease in 2004 — with joint venture companies Browning Investments and ProLogis. With the new space, LOGISCO will operate more than 2.1 million square feet in the Indianapolis area.
Expansion into the new warehouse space was precipitated by client need, says Mike Jones, vice president of development for LOGISCO. "This growth enabled us to consolidate the club channel distribution operations for one of our largest clients while providing additional space for growth to support some new customers," said Jones.
LOGISCO's clients include some of the nation's largest food and beverage, chemical and direct-to-consumer fulfillment firms, which use the 3PL to help manage their warehousing and distribution channels more efficiently.
In order to do so, the 3PL company has facilities in regional hubs throughout the country, including Charlotte, N.C.; Nashville, Tenn.; Little Rock, Ark.; Houston, Texas; Los Angeles, Calif.; and Indianapolis, Ind. Nationally, the company operates 4.5 million square feet of contract and public warehousing space.
"Our central Indiana operations are one of our company's strengths," says Jones. "We have a very strong market share and position there, and it's a great logistics market to be in. This expansion shows our commitment to maintaining a strong public warehousing capability in this market to support our growing contract logistics base in Indianapolis."
LOGISCO's new warehouse is located in Plainfield, Ind., an Indianapolis sub-market, and is minutes from interstates 70, 465, 74 and 65, as well as the Indianapolis International Airport.
"The Plainfield market is particularly attractive to companies like LOGISCO because of its location and cost competitiveness when compared to similar markets like Columbus, Ohio; Memphis, Tenn.; and Chicago, Ill.," said Tom Theobold, director of industrial development for Browning. "Tax abatements, for example, are a great benefit for AirTech Park tenants."
Other tenants in the park include JC Penney, Electrolux and Belkin Components. LOGISCO's facility was completed in December 2003 and offers 36-foot clear height, 80 dock doors and supplementary trailer parking.
LOGISCO's Indianapolis-area logistics capabilities include large food grade facilities, fulfillment, pick and pack, sampling, local delivery, display building, kitting, product configuration and plant support operations.
Plainfield, IN — January 4, 2005 — LOGISCO, one of the nation's fastest growing third-party logistics providers (3PLs), has acquired an additional 813,000 square feet of warehouse space in a move to help solidify its position in the Midwest contract warehousing market.
The company has moved into its new AirTech Park facility as part of a multi-year lease — the region's largest lease in 2004 — with joint venture companies Browning Investments and ProLogis. With the new space, LOGISCO will operate more than 2.1 million square feet in the Indianapolis area.
Expansion into the new warehouse space was precipitated by client need, says Mike Jones, vice president of development for LOGISCO. "This growth enabled us to consolidate the club channel distribution operations for one of our largest clients while providing additional space for growth to support some new customers," said Jones.
LOGISCO's clients include some of the nation's largest food and beverage, chemical and direct-to-consumer fulfillment firms, which use the 3PL to help manage their warehousing and distribution channels more efficiently.
In order to do so, the 3PL company has facilities in regional hubs throughout the country, including Charlotte, N.C.; Nashville, Tenn.; Little Rock, Ark.; Houston, Texas; Los Angeles, Calif.; and Indianapolis, Ind. Nationally, the company operates 4.5 million square feet of contract and public warehousing space.
"Our central Indiana operations are one of our company's strengths," says Jones. "We have a very strong market share and position there, and it's a great logistics market to be in. This expansion shows our commitment to maintaining a strong public warehousing capability in this market to support our growing contract logistics base in Indianapolis."
LOGISCO's new warehouse is located in Plainfield, Ind., an Indianapolis sub-market, and is minutes from interstates 70, 465, 74 and 65, as well as the Indianapolis International Airport.
"The Plainfield market is particularly attractive to companies like LOGISCO because of its location and cost competitiveness when compared to similar markets like Columbus, Ohio; Memphis, Tenn.; and Chicago, Ill.," said Tom Theobold, director of industrial development for Browning. "Tax abatements, for example, are a great benefit for AirTech Park tenants."
Other tenants in the park include JC Penney, Electrolux and Belkin Components. LOGISCO's facility was completed in December 2003 and offers 36-foot clear height, 80 dock doors and supplementary trailer parking.
LOGISCO's Indianapolis-area logistics capabilities include large food grade facilities, fulfillment, pick and pack, sampling, local delivery, display building, kitting, product configuration and plant support operations.
