Tuesday, April 24, 2012

Greenwood Considers Incentive for Prime Distribution Services Facility

From the Indianapolis Business Journal:

A distribution company that specializes in handling food for retailers has outgrown its Plainfield space and plans to take up another 400,000 square feet in Greenwood.

Prime Distribution Services Inc. is considering a long-term lease at the Precedent South Business Park, where $6.1 million would be spent on lease and building improvements.

Prime Distribution estimates that it would add 35 employees by 2016. Johnson County Development Corp. CEO Cheryl Morphew noted that the expected pay range—$17.88 per hour to $20.26 per hour—is above the county’s average for the industry, which is $17.43 per hour.

Morphew also noted that the lease would make the warehouse at 760 Commerce Parkway East Drive fully occupied. Most of the capital improvements will be made by Prime Distribution, but building owner AP Commerce Parkway LLC could be reimbursed for $125,000 of its expenses by the city of Greenwood.

The Greenwood Redevelopment Commission will conduct a special meeting Wednesday morning to consider the incentive. Greenwood would tap its tax-increment financing district revenue to pay for the incentive.

http://www.ibj.com/growing-distributor-to-expand-into-greenwood/PARAMS/article/34020