ScanSource Inc., a distributor of specialty technology products, has entered into a 10-year lease agreement with Industrial Developments International Inc. (IDI) to relocate its North American distribution center.
The new facility, located in Southaven, Miss., will accommodate about 600,000 square feet with an optional 147,000 square feet of available expansion space. This leasehold will replace the current 366,393 square feet used for North American distribution operations in Memphis, Tenn. The new location is closer to the Memphis airport and major freight carrier hubs and will have no effect on FedEx and UPS delivery times, according to a company statement.
“As our business continues to grow, the need for additional warehouse space has become essential to our distribution and logistics operations,” says Mike Baur, president and CEO, ScanSource. “We have built our business on the ability to have our vendors’ products in stock and ready to ship and that will only be enhanced through this move.”
The new distribution center is expected to be in full operation by the first calendar quarter of 2008. The lease is subject to the approval of economic development incentives from the state of Mississippi.
