Menlo Logistics has agreed a deal for one of the largest build-to-suit projects in Eindhoven, The Netherlands, with industrial real estate developer Prologis.
The 754,000 sq ft (70,000 sq m) facility will be located at the Acht Industrial Park in Eindhoven adjacent to the A2/N2 Eindhoven ring road, which offers direct access to Belgium and Germany, as well as Amsterdam to the north. It will be used to facilitate the company’s expansion plans.
“The Benelux region and Europe as a whole has always been a strong market for Menlo and represents one 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,” said Robert L. Bianco Jr, president of San Francisco, California-based Menlo Logistics. “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.”
The new distribution centre will be a multi-discipline, multi-client facility capable of supporting the local, regional and global supply chain operations of manufacturers, distributors and service providers across a variety of industries. Eindhoven will be one of Menlo’s most advanced facilities, with specific design elements and features to address the stringent requirements of the multiple industries the company supports. The facility also will be capable of delivering other value-added services such as picking and packing operations, product configuration, customised labelling and return management services. More than 200 employees will support the operation.
Initial site preparation for the facility began in late July. Construction is scheduled for completion in the first quarter of 2016.“This transaction reflects the strong demand for Class-A facilities in Tilburg, Eindhoven and Venlo and further strengthens Prologis’ presence in this market,” said Bram Verhoeven, country manager, Prologis Benelux.