KYOCERA MITA:NEW DIST. CENTER IN MEMPHIS

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KYOCERA MITA:NEW DIST. CENTER IN MEMPHIS

 user 2006-06-01 at 11:12:00 am Views: 78
  • #15622

    Memphis lands Kyocera Mita distribution site
    Imaging company to consolidate operation at 300,000- square-foot center here
    Kyocera Mita America Inc., one of the world’s leading document imaging companies, is launching a national distribution center in Memphis.Kyocera officials said the new distribution center, which is expected to be opened in July, will serve 70 percent of the United States.”We selected Memphis because it will allow us to significantly improve logistics efficiencies to the majority of the country,” said Mike Pietrunti, president and chief operating officer of Kyocera Mita America.Kyocera signed a multiyear lease to occupy 300,000 square feet at Pro Logis Park Stateline in Memphis, on Getwell near Holmes.”When you talk about a global company like Kyocera, which is respected in everything it does, we’re real excited to kick off the park with them,” said Jeremy Giles, vice president and Tennessee market leader for Denver-based Pro Logis.Kyocera will consolidate its distribution operations in Memphis except for three facilities in Texas, New Jersey and California, giving the company a more efficient logistics operation. Company officials could not say how many jobs would be created.”By streamlining and centralizing our network, we will better manage inventory levels, reduce distribution costs and shipping points, and raise our ship-complete ratio,” said Pietrunti. “Our dealers will realize a lasting benefit.”New Jersey-based Kyocera Mita America is a division of Kyocera Corp., a leading developer and manufacturer of advanced ceramics and associated products, including telecommunications equipment, semiconductor packages and electronic components.Kyocera and Mita merged in 2000, combining Kyocera’s strength in printer technology and Mita’s prowess in copiers and multifunctional products.Kyocera employs more than 40,000 people worldwide and the company’s consolidated net revenues totaled $11 billion during the year ending on March 31, 2005.This is the first major industrial lease signing of the year, although several more users are close to signing leases for significant space.The new distribution center is also a win for Memphis, which has suffered as companies have increasingly decided to do business in DeSoto County.Jake Lawhead of CB Richard Ellis Memphis, represented Kyocera in the deal. Patrick Burke, formerly of CBRE and current managing partner of the Staubach Co.’s local office, also represented Kyocera.According to CBRE, the Memphis market ended the first quarter with 17,463 negative square feet of absorption, far below last year’s blistering pace.The Memphis market — which includes DeSoto County — ended 2005 with 5.4 million square feet of absorption. For the first time, DeSoto County led the way with 2.7 million square feet of absorption.The majority of last year’s absorption occurred in the first half of the year, bucking historical trends.Real estate experts said activity is picking up and that absorption should pick up in the second half of the year.”I think there will be upwards of 2 million square feet absorbed by the end of summer,” said Jim Mercer, leader of CBRE’s local industrial team. “I think we’ll probably end up with 4 million to 5 million square feet of net absorption.”It Came from Memphis.Kyocera Mita America is opening a national distribution center in Memphis.The distribution center, which is expected to be operational in July, will service 70 percent of the United States.Kyocera Mita America is a division of Kyocera
    Corporation.Headquarters: Fairfield, N.J. Web site: kyoceramita.com