Hytrol Conveyor Co. and Haag Brown Commercial Real Estate and Development, through its holding company Real Estate for e-Commerce, have partnered on a new warehouse and distribution center at the new e-Commerce Park in Jonesboro. The 150,000 square foot facility will provide easy access to I-555 and will serve as Hytrol’s main warehouse.
Financial terms of the deal were not divulged. Work on the warehouse facility will begin in June and is expected to be completed in the spring of 2023.
“Our company is growing rapidly, and we require a larger warehouse facility,” Hytrol President David Peacock said. “By selecting to be a part of the E-Commerce Park, we will be consolidating from three warehouses to one and removing extra equipment from our main plant.”
Hytrol is the first company to sign a lease in the e-Commerce Park. The park is located at the gateway into Jonesboro’s industrial market and will provide up to 3 million square feet of logistics, warehouse, and manufacturing space. In addition, it is within one hour’s drive of Memphis.
“It is important for us to show our dedication and commitment to Northeast Arkansas,” Hytrol vice president of corporate development Bob West said. “The creation of this center will serve not only to benefit Hytrol but the surrounding area as well.”
The facility will indirectly create space for functions within the Hytrol facility for growth in its administrative functions, including its panel shop and non-manufacturing support activities that include the company’s engineering department.
Ramsons Inc. will be heading up the project. Ramsons has worked previously with Hytrol on its most recent project, Hytrol’s Silver Cell expansion.
“This is the result of two companies who have been dedicated to the support and growth of Northeast Arkansas for many years,” said Josh Brown, developer of the project and a principal in Haag Brown Development. “Hytrol has been a cornerstone of Northeast Arkansas for decades, and we’re excited to invest in the future of Northeast Arkansas with them as a partner to ensure that our area continues to be competitive for the variety of industries that call this area home.”
“Haag Brown has demonstrated success and is well known throughout Arkansas,” said West. “The decision to partner with HB was an easy choice. We knew they would deliver, and we quickly got to work.”