The Griffin-Spalding Development Authority announced Tuesday that HK Logistics, a leading provider of critical logistics services including receiving and supplier validation, warehousing, kitting, sub-assembly, sequencing of material and third-party inventory, will build and operate a new distribution center on 11 acres of property in the Green Valley Industrial Park.
“We certainly welcome HK Logistics to Green Valley Industrial Park and our community. Their commitment to construct a new $30,000,000 logistics facility and create an estimated 70 new jobs in our community will be a great boost to our tax base and overall economy. Though the economic recovery still appears weak at best, we are encouraged by the commitments we are beginning to see from the business community to prepare for the demands of a more robust economic recovery,” said Griffin-Spalding Development Authority Chairman Chuck Copeland.
The Development Authority approved $30 million in industrial revenue bonds to finance the project, which is expected to bring 70 jobs. The project combines the former site of Trimax Mowing Systems and a GSDA-owned tract for the new 160,000-square-foot facility adjacent to the Caterpillar campus off Rehoboth Road.
The Griffin Logistics Center will be at 375 Green Valley Road, where HK Logistics will provide on-site storage and value-added services. The facility will house office space as well as various types of high-density storage systems allowing for greater product storage while consuming less space.
Construction of the new facility will begin immediately and is projected to be completed by the summer of 2012. Demolition of the old building on the site is almost complete, said GSDA Executive Director David M. Luckie.
“We are very happy and fortunate to have a quality company like HK Logistics locate in our park,” Luckie said. “We look forward to our partnership with them and the positive impact they will have on our community and region as a whole.”
The Development Authority has been working on the project for a while. It received setback variances from the Spalding County Board of Appeals back in June for the two tracts and for the adjacent Caterpillar site.
HK Logistics President and Chief Executive Officer Tom Stricker said, “HK Logistics looks forward to a long-term partnership with the city of Griffin and Spalding County. We are excited about the future business relationships we will develop and look forward to working with the residents and businesses in the area. As we construct our facility over the next year and hire the staff to operate it, we will draw on the local suppliers and workforce to help us succeed.”
According to HK Logistics, the facility will utilize conveyors and warehouse management software to provide for efficient and reliable material movement and storage. The combination of high-density storage, conveyance and software will provide substantial operational benefits including space utilization, asset utilization and cost savings.
Post a Comment