Monday, November 9, 2020

Lowe's Inks Massive Industrial Lease in Central Pennsylvania

Lowe's has inked a massive distribution warehouse lease in Shippensburg, Pennsylvania, as the home improvement retailer is expanding its supply chain.

Lowe's signed a 10-year deal with Equus Capital Partners to occupy an entire 1.1 million-square-foot distribution facility within the Shippensburg 81 Logistics Center, the private real estate investment firm said in a statement.

The distribution facility is located at 1 Walnut Bottom Road and was built this year. It sits on a 100-acre site with frontage along Interstate 81. The cross-docked facility features a 36-foot clear height, 50-foot by 50-foot column spacing with 60-foot speed bays, 189 dock doors, 185-foot truck court and 631 trailer spaces with concrete dolly pads.

This deal comes amid Lowe's plan to grow its supply chain to improve same-day and next-day fulfillment options for customers and speed up e-commerce shipping across the country. In an August announcement, the North Carolina-based retailer unveiled its plans to open 50 cross-dock terminals, seven bulk distribution centers and four e-commerce fulfillment centers over the next 18 months. It also said it would open a West Coast e-commerce fulfillment center in Mira Loma, California, in October. Lowe's opened its first direct fulfillment center in Nashville, Tennessee, in 2018.

"Providing customers more ways to shop has never been more important," Don Frieson, Lowe's executive vice president of supply chain, said in the August announcement. "Opening these new facilities will allow our stores to operate more efficiently through improved flow management and inventory visibility and improve the customer experience with more predictable deliveries, better in-stock rates and faster fulfillment options."

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