Story by IPB Industrial
September 20, 2022
A trucking company headquartered in the Miami Valley recently leased property in a new city. The lease comes with expansion looming on the horizon for the company.
Classic Carriers, a trucking company headquartered in Versailles with a location in Greenville, recently leased a 62,000 square foot warehouse located at 1167 Fourth Ave. in Sidney to handle a rising demand within the industry. The lease comes as warehouse space becomes more and more scarce across the manufacturing industry, which was a major motivator for Classic Carriers to lease the space.
“We had an immediate need—our customers did, and we jumped on it,” said Luke Subler, vice president of Classic Carriers. “The location, being as close to Interstate 75 as it is, works for our team. They can get in and out of there very quickly and easily, and it just works out well for us. We’re looking forward to being there for the foreseeable future.”
The leasing of the property at Fourth Avenue comes following the addition of space to Classic Carrier’s Greenville facility, where a 37,000-square-foot addition was added to the cold storage facility, bringing their total square footage to 63,000. In addition to the $6 million project, Classic Carriers is looking toward expanding the company in the future.
“There’s a very huge need for cold storage across the country—the demand that we’ve had since 2016 has been unreal,” Subler said. “We’ve basically quadrupled in size for our pallet count in a year and a half, and we’re just about full now.”
In the meantime, the warehouse in Sidney will be utilized for cold storage. The family-owned company will continue to service food shippers, medical equipment manufacturing, plastics producers across 48 states. Warehouse capabilities include distribution services, short-term and long-term storage, and Just-in-Time delivery.
Tim Echemann of Industrial Property Brokers, located in Piqua, brokered the deal.
“Classic Carriers is a fast-growing logistics company, and they were able to take advantage of this 62,000-square-foot available space two months after it went on the market,” Ech7emann said.
Classic Carriers currently has 140 employees and 35 leased owner operators.
Headquartered in Versailles, Classic Carriers is a full-service, asset-based transportation provider offering carrier, brokerage and warehousing services across the U.S. and Canada.
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