HUNTINGTON, W. Va.—January 29, 2013—Allied Logistics, a West-Virginia-based warehousing and logistics company, today announced that an Allied-affiliated company—Hopewell Management, LLC—has joined with Industrial Real Estate Group (IRG) and Gilco International to purchase the former Masco facilities in Waverly, Ohio.
The 228-acre, 11-building, 2.5-million-square-foot complex was used by Masco to manufacture cabinets until it closed in June 2011, eliminating 1,400 jobs.
“We are extremely pleased to partner with a successful, qualified and knowledgeable partner like IRG,” said Allied Logistics Chairman and CEO Lake Polan. “There are a number of synergies and opportunities between our two organizations.”
The Masco complex features an on-site electrical substation, rail access to both CSX and Norfolk Southern railroads, more than 500 trailer spaces, 175 docks with 21 drive-ins and more than 30,000 spare feet of office space.
“This is a superb campus with excellent buildings designed to support a range of activities, including manufacturing and logistics,” said Polan. “We think this is an outstanding facility and location, and IRG is an ideal partner, for Allied’s expansion into Ohio. Waverly has a great, highly skilled workforce, many of whom need jobs. We’re hoping to provide some of those jobs.”
The former Masco facility is centrally located between Columbus, Cincinnati and Charleston, W.Va. and about 50 miles from Rickenbacker Inland Port, a global multi-modal logistics hub that is home to a network of air, road and rail transport companies supported by freight forwarders, consolidators, customs brokers and third-party logistics providers.
The complex is also less than 100 miles from Allied Logistics’ Huntington, W.Va. headquarters. “The Waverly facility has excellent potential to become a strong part of our logistics network,” Polan said.
Allied Logistics will lease 150,000 square feet of the premises to establish a warehousing and logistics operation. Currently the company is working to locate businesses that can utilize space in the Central Ohio market. They are also working with IRG and local economic development officials to market the space to third-party logistics providers and to manufacturers and distributors in the region who prefer to outsource their logistics rather than leasing warehousing to operate themselves.
“This facility is ideally suited for distribution. The large size and high clearances of the buildings and the site’s multi-modal transportation access offer a wide range of opportunities for a number of different businesses to locate here,” said Jeff Smith, President of Allied Logistics West Virginia Operations. Allied Logistics plans to have an operation in place by the second quarter of 2013.
Allied Logistics has a long history of revitalizing industrial sites that once served as the economic backbone for communities. In West Virginia these include the former Liggett & Meyers and Huntington Tobacco markets in Huntington, the former Creasy warehouse in Kenova, the former Hecks headquarters and distribution center in Nitro and the former Hyperlogistics property in Vienna.
Since purchasing the former General Electric and Genicom facility in Waynesboro, Va. nearly a decade ago, Allied Logistics rebranded the 340,000-square-foot building into an office, manufacturing and distribution complex known as Solutions Place. Today, Solutions Place is a thriving commercial hub for about a dozen new and established companies.
In November 2012, Allied Logistics and its corporate parent Allied Realty Company led the transformation of another Waynesboro property, the former home of carpet manufacturers Wayn-Tex LLC and later Mohawk Industries. Reborn as Delphine Enterprise Center, the 464,000-square-foot office, warehousing and manufacturing facility has been renovated to accommodate users of all sizes.
ABOUT ALLIED LOGISTICS:
Allied Logistics, operated originally as Allied Warehousing Services, Inc., entered the warehousing business in 1970 when its parent company, Allied Realty Company (founded in 1922), acquired a 100,000-square-foot, multi-floor warehouse. The company has grown to operate more than 2 million square feet of public and contract warehousing with nine facilities in the central and western areas of West Virginia and western Virginia. As the company grew, Allied Logistics was created to consolidate many of the services that had preceded it, including Allied Transportation Services Company, Reo Distribution Services and Allied Processing Services. For more information, visit alliedlogistics.com.
