Premier Freight expands warehouse capacityTuesday, March 8, 2016
Premier Freight, a West-Michigan based shipping, logistics and warehousing company, announced today the acquisition of 75,000 sq. ft. of warehouse space inside the Federal Square Business Park, also known as the Hart & Cooley building, in Holland, Mich. Premier’s expansion will nearly double its warehousing capability, increasing it to more than 180,000 sq. ft.
Premier Freight specializes in full-service logistics, with an emphasis on transporting large, complex and unique items for manufacturers throughout the United States. Distinct among logistics providers, Premier Freight offers premium, “One-Touch” service, a supply chain program that spans all aspects of the fulfillment process from transportation, to warehousing, to customer acceptance. The company currently hosts 105,000 sq. ft. of warehousing space in the East 48th Industrial Center (the former Life Savers plant).
“West Michigan’s expanding economy has fueled demand for new warehouse space. Manufacturers that once kept warehousing on-site are looking to trusted, full-service, logistics partners like Premier to manage the entirety of their supply chain,” said Doug Walcott, president of Premier Freight. “Premier Warehousing service stores manufacturers’ raw materials until they need them for production and they come back to us as a finished product ready to ship out to their customers. We help them manage their products during the entire process.”
Walcott’s experience is supported by metrics provided by West Michigan’s commercial realtors. Colliers 2016 Economic & Commercial Real Estate Forecast showed continued demand pushing industrial supply to record lows for another four quarters of positive absorption, totaling 509,827 sq. ft. The overall warehouse vacancy rate in West Michigan has now fallen below seven percent.
Redevelopment projects, such as Federal Square are breathing new life into former manufacturing properties, which were once considered undesirable or functionally obsolete. These new spaces are convenient to the transportation and logistics infrastructure that today’s manufacturer’s require. Federal Square is the second redevelopment in which Premier Freight has acquired; its first was the former Life Savers plant at East 48th St. in Holland.
“We are proud to bring new life and vibrancy into two manufacturing buildings with abundant history in the Holland community,” added Mark Laning, vice president of Premier Freight. “Doug and I did considerable business with both of those companies when they were located in Holland, and it is a distinct honor to help repurpose the properties and bring them to new life.”
Some of Premier’s major customers have already committed to expanding inside the new warehouse space. Additional tasks such as light assembly, quality inspections and sorting and sequencing product are just some of the services Premier will be adding to their workload for these customers.
By adding additional square footage for warehousing, Premier is given the ability to essentially become an invisible arm of those customers it serves by holding raw materials for vendors, which then go to some of the largest manufacturers in Michigan.
Federal Square Business Park is a 625,000 square foot industrial building that was converted into an indoor business park. It houses a dozen tenants ranging from food grade warehousing and light manufacturing to Tulip City Beauty College. Premier’s occupancy inside Federal Square will begin early summer, with a lease being signed this week.View all Industry News