LIST LOGISTICS CONTINUES GROWTH IN SOUTHEAST
3rd Party Logistics provider leases Florida warehouse
August 26, 2022 - Haverhill, MA – List Logistics, a 3rd Party Logistics Company, announced today that they have leased a recently constructed property in Lakeland, Florida.
List has leased 350,000 square feet (SF) at 5380 Allen K Breed Hwy which is located within the Key Logistics Center. Lakeland is just twenty-eight miles from Tampa and 58 miles to Orlando.
“The Florida operation furthers our growing footprint on a national scale and will complement our portfolio of distribution centers in the Northeast and West Coast,” stated George Yfantopulos, CEO of List. “The property is an in ideal location for logistics in the Southeastern corridor of the U.S.,” he continued.
In the 2022 calendar year, List has more than tripled in size in terms of space under lease as well as projected annual revenues. Earlier this year, List leased 850,000 SF in Mount Olive, NJ, 105,000 SF in Billerica, MA, and 155,000 SF in Ontario, CA.
“The extreme pressure that the pandemic put on the supply chain has actually afforded firms like ours, new opportunities to assist more and more clients with their distribution and logistics requirements,” Yfantopulos added. “This explosion of demand for our services is a challenge, but this has been a remarkable year and a very exciting time for our business.”
With the addition of the Florida site, List Logistics will now operate nearly 2,500,000 square feet of first-class distribution and warehouse space across the United States.
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3rd Party Logistics Company leases additional Massachusetts warehouse
August 1, 2022 - Haverhill, MA – List Logistics, a 3rd Party Logistics Company, announced today that they have leased two (2) additional properties to their portfolio of distribution centers.
List has leased 90,000 square feet at 90 Salem Road in Billerica (approximately 20 miles north of Boston). This facility will primarily manage a large consumer goods account.
“The demand for high-quality distribution space remains at an absolute high” stated John Wells, Vice President of Operations at List. “This latest northeast property will support the needs of both long-term existing clients but also with the flexibility to onboard new accounts as well.”
The current trend of companies looking to reduce their own ‘brick and mortar’ operational space and costs are opting to outsource their warehousing, distribution and logistics needs to 3PL providers such as List.
“Big Box retail, e-Commerce, and even highly regulated industries such as high-tech and biopharma, have come to the logical conclusion that they can successfully manage their customers’ fulfillment demands by teaming up with a 3rd Party versus managing their own facilities and distribution,” Wells continued. “We are excited for the future and the continued trust and faith from our customers.”
With the addition of the Massachusetts operation, List will now operate more than 2,000,000 square feet of first-class distribution and warehouse space across the United States.
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3PLs are a key demand driver for warehouse space, and as important as Amazon
By Lynn Pollack | June 03, 2022 at 08:06 AM
Third party logistics company List Logistics has announced it would lease more than 850,000 square feet in the massive Garden State Logistics Center in Mount Olive, New Jersey, a space formerly occupied by Toys R Us. The addition of the space to List’s portfolio means the industrial giant will operate more than 2 million square feet of distribution and warehouse space across the US, much of it near the ports of Long Beach and New York/New Jersey.
According to one analysis, we can expect to see more such deals as Amazon starts to scale back its presence in the industrial market.
In late May, Bloomberg reported that the recent slowdown in e-commerce sales back to pre-COVID levels left the company with a glut of industrial space, including warehouses in New York, New Jersey, Southern California, and Atlanta. Anonymous sources told Bloomberg at the time that the surfeit of space “could far exceed 10 million square feet,” with one source telling the outlet that it could be triple that.
As Amazon pulls back, it’s likely that third-party logistics firms like List will move to the forefront. In a recent alert, Mizuho Americas researchers called 3PLs “collectively a key driver of demand for warehouse space, and as important as Amazon.” The alert also noted that 3PLs also grew their warehouse footprints “fairly steadily” during the pandemic, especially as compared to Amazon.
“YTD demand from 3PLs remains strong and our channel checks suggest this trend could continue near-term—a positive catalyst,” the Mizuho Americas note states.
Fundamentals Remain Strong
Despite Amazon’s reconfiguring of its industrial profile, fundamentals for the industrial sector remained strong in the first quarter, according to Colliers, with developers remaining optimistic as demand for high-quality space persists. Thirty-three markets posted occupancy gains greater than one million square feet during the first quarter, including Chicago, Phoenix, Greater Los Angeles, Houston and Kansas City. Markets showing the most activity (absorption as a percent of inventory) include emerging markets such as Reno/Sparks, Savannah, Austin, Las Vegas and Salt Lake City. Growth in those cities were primarily driven by demand for logistics and distribution space from e-commerce occupiers, according to Colliers research.
“The outlook throughout 2022 remains positive as bulk warehouse/distribution space remains in high demand by e-commerce retailers and manufacturers alike,” the report notes. “Despite lingering economic concerns surrounding inflation and rising interest rates, the need for industrial product is not expected to wane. Tightening markets and an abundance of new supply should keep asking rental rates on the rise, although owners are beginning to be more tight-lipped on pricing as multiple occupiers vie for the same space.”
Amazon is reportedly pulling back its industrial presence, causing angst, reconsideration and reshuffling in the warehouse space.
LIST LOGISTICS LEASES MASSIVE NJ DISTRIBUTION CENTER
3rd Party Logistics Company expands northeast presence
June 1, 2022 - Haverhill, MA – List Logistics, a 3rd Party Logistics Company, announced today that they have taken occupancy of the majority portion of 703 Bartley Chester Road in Mount Olive, NJ.
List will lease more than 850,000 square feet of the 1.4 million industrial complex, known as the Garden State Logistics Center.
“Today is a very important one for List Logistics” stated George Yfantopulos, Chief Executive Officer. “The facility will be our largest under lease in the history of our company.”
The building, formally occupied by retailer Toys R Us, boasts several impressive amenities including 49’ clear ceiling height, 500 parking spots for trailers, a solar panel rooftop energy system, and an adjacent rail spur to name a few.
“The complex is absolutely perfectly laid out for distribution purposes,” Yfantopulos continued. “In addition to the building design, it is fully equipped with systems that will allow us to immediately service our customers.”
List’s anchor client at 703 Bartley Chester is the world’s largest ecommerce provider, who delivered their first shipment of goods to List on May 17th.
“Having one of the world’s largest and most successful e-commerce companies as a client is exciting and game changing for our company. This is the springboard to other major businesses seeking to be a part of our portfolio,” Yfantopulos concluded.
With the addition of the Mount Olive operation, List will now operate more than 2,000,000 square feet of first-class distribution and warehouse space across the United States, most importantly near the two major ports of Long Beach, CA and New York/New Jersey.
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List offers a total range of logistics services including fulfillment, warehousing, distribution, cross-docking, freight and transportation services as well as complete brokerage solutions.
For our incredible customers, we provide:
Third –Party Warehouse and Distribution
Full Transportation Services
Supply Chain Analysis and Design
Supply chain Management and Operations
Haverhill, MA – Mount Olive, NJ – Edison, NJ – Ontario, CA
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