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VOL. 7 | NO. 29 | Saturday, July 12, 2014

Asics America Expanding in Byhalia

By Amos Maki

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Asics America Corp. is expanding its footprint in Byhalia, Miss.

The company is adding 342,144 square feet to its central footwear and apparel distribution center inside the Chickasaw Trail Industrial Park.

The expansion comes on the heels of a 513,000-square-foot build-to-suit completed in 2010, and now will consolidate the footwear distribution center with the apparel distribution center, which was previously located in Southaven.

Asics, represented by CB Richard Ellis Memphis in the expansion, hopes to improve its overall efficiency by combining the two components under one roof, which will total 855,144 square feet.

The distribution center is owned and managed by Lexington Realty Trust.

Northwest Mississippi has become the favored destination locally for industrial developers and their tenants.

In 1993, the Marshall County Industrial Development Authority authorized the creation of the Chickasaw Trail Industrial Park area, where multiple landowners joined together to create 3,600 acres of developable industrial property nestled in a triangle of major roadways.

Exel was the first company to locate a major facility in Chickasaw Trail, selecting the industrial area in 2005 for a 750,000-square-foot distribution center. In May, Roxul Inc., a Danish maker of stone or rock wool insulation, broke ground on a $160 million, 600,000-square-foot production facility.

The Volvo Group announced in May that it is building a new distribution center in Byhalia. The 1 million-square-foot distribution center that will employ 250 people will be located inside Panattoni Development Co.’s Gateway Global Logistics Center, a 1,500-acre industrial development that straddles Fayette County, Tenn., and Marshall County, Miss.

Jim Mercer, executive vice president at CBRE Memphis, handled leasing for Panattoni. Patrick Burke and Bobby Daush of CBRE Memphis, and Sean Bleiler of CBRE in Allentown, Penn., represented Volvo.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 124 481 17,865
MORTGAGES 127 530 20,565
FORECLOSURE NOTICES 4 48 2,693
BUILDING PERMITS 195 891 36,836
BANKRUPTCIES 52 262 11,426
BUSINESS LICENSES 24 139 5,848
UTILITY CONNECTIONS 26 116 6,830
MARRIAGE LICENSES 26 133 4,049