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IAMC People and Projects
Cardinal Health, Inc., based in Dublin, Ohio, will soon create 500 new jobs with a customer care center in Sherwood, Ark., part of the Little Rock metro area. Cardinal noted among its first-quarter 2005 highlights that it would "consolidate more than 25 medical-products and pharmaceutical-distribution customer service centers to two primary locations in the United States during a three-month period beginning in January 2006" as part of its "One Cardinal Health" business integration and efficiency program. The other consolidation location is in Radcliff, Ky., where another 500 jobs are expected to be created. Dmitry Dukhan, director of real estate administration for Cardinal Health, is an IAMC member, as is Mike Maulden, director of external affairs for Entergy Arkansas, whose Teamwork Arkansas economic development office plays a major role in corporate attraction efforts. The group’s next project, making its debut in early 2006, is its Select Site certification program for office, distribution and manufacturing sites.
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| Jay Mitchell |
Atlanta-based IAMC member company IDI continues to grow its build-to-suit business on that city’s outskirts. Most recently, it signed Global Equipment Co., a subsidiary of computer and industrial product distributor Systemax Inc., to a 517,628-sq.-ft. (48,088-sq.-m.) lease in IDI’s Hamilton Mill development in Buford, Ga., northeast of Atlanta. The company had outgrown the space that was built-to-suit for them in 2000 at IDI’s nearby Shawnee Ridge development. IDI plans to develop up to 13 buildings totaling 4 million sq. ft. (371,600 sq. m.) of industrial space at Hamilton Mill, where tenants already include FedEx Freight and Office Depot. Separately, IDI has appointed Jay Mitchell to head up the Atlanta regional office as vice president and regional development officer. Mitchell formerly served as vice president of national leasing and marketing for IDI Services Group, the company’s third-party leasing and property management subsidiary. S. Michael Parks, vice president of national business development for IDI, is an IAMC member.
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| Hamilton Mill |
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| Mark Klionsky |
Mark Klionsky, most recently senior vice president of IAMC member organization CoStar Group Inc., has joined fellow IAMC member organization NAI Global as its senior vice president of marketing. Klionsky has more than 24 years of business-to-business marketing and communications experience, including more than 18 years in commercial real estate. Prior to CoStar, Klionsky served as senior vice president and group publisher at Miller Freeman Inc. Henry Stoever, vice president of marketing for CoStar, will be the company’s new IAMC representative.
Separately, NAI Global announced its first Australian member with the addition of NAI Melbourne to its 300-plus network of offices.
Rick Leighton, vice president of corporate services for NAI Global, is an IAMC member, as are NAI affiliates Andrew Georgelakos of NAI KLNB in Vienna, Va.; William C. Hansonof NAI James E. Hanson Inc. in Hackensack, N.J.; Dennis J. Hiffman of NAI Hiffman in Oakbrook Terrace, Ill.; George Livingston of NAI Realvest Partners, Inc. in Maitland, Fla.; and Edward Saig of NAI Saig Co. in Memphis, Tenn.
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| BMW's fifth North American distribution center is going up at Panattoni's Airport Gateway Center in Stockton, Calif. Another 164,000-sq.-ft. (15,236-sq.-m.) spec building is under construction there, and some 64 acres (26 hectares) are still open for development. |
TNT Logistics North America has opened a 250,000-sq.-ft. (23,225-sq.-m.) distribution center for BMW of North America, LLC in Stockton, Calif., one of several communities whose economic development efforts are part of IAMC member organization the San Joaquin Partnership. Employing more than
55 people, the new distribution center receives after sales replacement parts and accessories from more than 100 domestic and international suppliers and ships from an inventory of up to 70,000 different parts to 44 dealers in northern California, the Pacific Northwest, and northern Rocky Mountains. The complex, located at Panattoni’s Airport Gateway Business Park, is the company’s fifth North American DC.
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| Michael Locke, president and CEO, San Joaquin Partnership |
TNT is providing the labor, management and material handling equipment. The facility, built to BMW specs, was designed to mirror other BMW distribution centers across North America and the rest of the world. "Each time we add a distribution center, we reduce the average distance between ourselves and our customers, which in turn reduces both our freight costs and carrier-related damages on outbound shipments," said Alan Harris, vice president after sales, BMW of North America, at the facility’s opening.
The center will also provide back-up for other DCs. The park is served by Union Pacific, and a stone’s throw away from recently built intermodal yards constructed by UP and BNSF. Panattoni is also offering a "warehouse condo" project nearby called Airport Pointe. Michael Locke, president of the San Joaquin Partnership, is an IAMC member.
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The sale/leaseback of a 1.2-million-sq.-ft. (111,480-sq-m.), 100-acre (41-hectare) corporate campus in Elgin to John B. Sanfilippo and Son Inc. on behalf of Panasonic Corporation of North America (formerly Masushita Electric Corporation of America) was recognized in these pages in June 2005, as well as with an honorable mention among Site Selection’s Top Deals of 2004. Now the transaction, carried out by Gregory R. Wright and Leslie P. Spinner, SIOR, vice presidents of IAMC member company Paine/Wetzel · ONCOR International, has received additional recognition from NAIOP’s Chicago chapter as Industrial Transaction of the Year for 2005. "We congratulate Greg and Les on their hard work and dedication to Panasonic and to this industry," said IAMC member James H. Swartchild, Jr., SIOR, executive vice president of Paine/Wetzel, after the award was announced in November. "The team offered outstanding client representation and we are excited and proud of their well-deserved recognition this year."
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| Garry Weiss |
First Industrial Realty Trust on December 23 completed the acquisition of a 16-building, 952,000-sq.-ft. (88,441-sq.-m.) portfolio in the Baltimore/Washington, D.C. market. Purchased for approximately $57 million, the portfolio comprises 10 buildings in the Hunt Valley Business Community, six in the Rutherford Business Center in suburban Baltimore and three land parcels totaling more than 18 acres (hectares). Garry Weiss, senior vice president and national director of First Industrial’s Integrated Industrial Solutions program, is an IAMC member.
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