Picture by Adrian Sulyok through Unsplash.com
Westrock Espresso, along with Tempus Realty Companions, are planning a 530,000-square-foot distribution facility in Conway, Ark. Tempus Realty Companions was represented by Colliers in the course of the undertaking’s settlement. In keeping with Speak Enterprise & Politics, the proposed finances of the brand new distribution heart is round $70 million.
The commercial constructing will likely be occupied by Westrock Espresso in its entirety and is anticipated to be accomplished by the tip of this yr. This new undertaking is anticipated to totally assist Westrock Espresso’s manufacturing, distribution, and packaging wants. Whereas persevering with its growth, the corporate additionally has one other growth underway in Conway, a producing heart undertaking. In keeping with the supply talked about earlier, roasting to ready-to-drink facility is anticipated to start operations in 2024.
The 30-acre growth web site is located off William J. Clark Drive, near Interstate 40, 2.2 miles away from Westrock Espresso’s manufacturing heart, 30 miles from Little Rock, Ark., and inside 35 miles of Invoice and Hillary Clinton Nationwide Airport. The brand new facility will likely be geared up with 36-foot clear heights, ESFR sprinkler methods and almost 72 dock doorways.
Lighthouse Asset Advisors’ Asset Supervisor Ted Dickey labored on behalf of Westrock Espresso in the course of the growth settlement. One other undertaking is transferring ahead within the space: In June 2022, CRG began building on its almost 1.2 million-square-foot, build-to-suit industrial undertaking in North Little Rock, Ark. The $105 million facility is anticipated to be delivered this quarter.
