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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
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