E-retailer Relocates Distribution Center to Monroe, OH
Hayneedle receives tax incentive and provides local jobs
January 28, 2010 01:00 PM Eastern Time
OMAHA, Neb.--(EON: Enhanced Online News)--Hayneedle signed a lease with Industrial Developments International (IDI) for a
foot building at Monroe Logistics Center in Ohio. For this sizable investment, Hayneedle was awarded a $97,837 tax credit by the
This is more than a 50 percent increase in distribution center capacity to accommodate future growth. Hayneedle will occupy the ne
located about 20 miles north of downtown Cincinnati, beginning June 1. This will become the online retailer’s primary distribution ce
“This region is ideal for consumer-direct distribution. It provides for more rapid delivery to our customers than any other region,” sai
director of logistics and distribution strategy.
The tax credit, good for six years, requires that Hayneedle maintains operations in Monroe for nine years. Sean Ryder, Hayneedle’s
fulfillment, estimates that the new distribution center will provide over 50 local jobs in the initial months of operation. The facility will
immediately prior to its opening in June, generating a $1.4 million annual payroll according to the Ohio Department of Development.
eligible for a 15-year, 100 percent real estate property abatement.
The building is brand new and has been submitted for LEED (Leadership in Energy and Environmental Design) certification, which i
accepted benchmark that defines the standards for high-performance and environmentally responsible development. Features of the
increased natural lighting, reduced energy and water usage, motion-sensor lighting and low-emitting adhesives, sealants and coatings
Hayneedle staff led the site selection and development of the facility. Brokers Bob Bunton (Cincinnati) and David Maenner (Omaha
Ellis represented Hayneedle. Atlanta-based IDI constructed the building and will continue to act as the property manager.
Hayneedle, the leading online retailer in product variety, was originally established in 2002 as NetShops, Inc. with just three employ
been recognized by Internet Retailer and Inc. magazine as one of online retail’s fastest growing companies. In 2009, it changed its n
recognizing an opportunity to develop multiple niche ecommerce stores. The privately held company is based in Omaha, Neb., and
Venture Partners and Sequoia Capital. For more information, visit www.hayneedleinc.com.
Phone: (414) 727-6556