Menlo Logistics Grows in the Benelux
- Sep 02, 2015
Menlo Logistics, the $1.7 billion global logistics and supply chain management subsidiary of Con-way Inc., is getting ready for a major expansion in the Benelux region. The company announced on Sept. 1 that it has joined forces with industrial real estate developer Prologis, Inc. to build a new logistics hub in Eindhoven, the Netherlands.
At 753,000 square feet, the new logistics facility will be one of the largest build-to-suit projects in the region. It will be located in the Acht industrial park, adjacent to the A2/N2 Eindhoven ring road, which offers direct access to Belgium and Germany, as well as Amsterdam. As one of Menlo’s most advanced facilities, the new distribution center will be able to support the local, regional and global supply chain operations of manufacturers, distributors and service providers across a variety of industries. It will house 200 employees.
Construction crews started work in late July to prepare the site for the new facility. Menlo did not disclose the cost of the project, but it did say that it expects to finish it in the first quarter of 2016. The San Francisco-based logistics provider already has 16 facilities operating throughout Europe. They are home to 800 employees.
“This transaction reflects the strong demand for Class A facilities in Tilburg, Eindhoven and Venlo and further strengthens Prologis’ presence in this market,” Bram Verhoeven, country manager for Prologis Benelux said in a statement.
“The Benelux region and Europe as a whole have always been strong markets for Menlo and represents some of our most promising growth areas, due largely to our presence in the healthcare sector, where we have served medical device manufacturers for many years,” Robert Bianco, president of Menlo, added. “Our long-term lease for this facility with our real estate development partner, Prologis, further reinforces our commitment to the European market, not only for healthcare logistics, but across a wide spectrum of industries. We are investing to grow with our customers.”