Thursday, May 11, 2005

Exel picks Chickasaw Trail

(Columbus, Ohio) - Exel, the global leader in supply chain management, announced this week it has broken ground for a distribution center in the Chickasaw Trail Economic Development Area (CTEDA) of Marshall County.

Exel’s distribution center will be the first development in the Industrial Park, which is located in the southeast portion of the Memphis metropolitan area.

Exel plans to develop a 700,000-square-foot facility to support the company’s contract logistics business. The distribution center will create approximately 60 new warehouse jobs with the potential for additional employment opportunities during peak periods.

Marshall County and the Industrial Development Authority (IDA) have invested more than $3 million in developing the CTEDA for industrial purposes and reconstruction of the local infrastructure to support increased traffic, according to Del Stover, the Industrial Development Authority’s interim director. The CTEDA is easily accessible from multiple highways including Mississippi Highway 302, U.S. Highway 72 and Tennessee Highway 385. The Memphis International Airport is within a 30-minute drive.

Doug Crim, Exel’s senior director of Property Development, said, “The Marshall County IDA and other local and state officials have provided invaluable guidance and assistance during the site selection and pre-construction phases of this project. We are confident that this emerging growth area will meet our business objectives.”

St. Louis-based Arco National Construction Company will build the facility, which Exel expects to open near the end of this year. Bayard Snowden of Colliers Wilkinson & Snowden assisted Exel with the acquisition of the site.

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