{"id":1004103448,"date":"2014-09-07T20:21:18","date_gmt":"2014-09-08T04:21:18","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=289280"},"modified":"2021-05-14T16:45:26","modified_gmt":"2021-05-15T00:45:26","slug":"175-ksf-fedex-distribution-center-coming-to-covington","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/175-ksf-fedex-distribution-center-coming-to-covington\/","title":{"rendered":"175 KSF FedEx Distribution Center Coming to Covington"},"content":{"rendered":"<p><em>By Eliza Theiss, Associate Editor<\/em><\/p>\n<p>Federal Express is set to develop a 175,000-square-foot distribution center in St. Tammany Parish, creating 800 new jobs, reported <em><a href=\"https:\/\/www.nola.com\/politics\/index.ssf\/2014\/08\/fedex_to_build_175000_square_f.html\" target=\"_blank\" rel=\"nofollow noopener\">The Times-Picayune<\/a><\/em>. \u00a0The facility will occupy 15 acres in Northpointe Business Park, a 118-acre industrial park west of Covington.<\/p>\n<p>The facility will feature about 7,500 square feet of office space. Site clearing has started for the project, which will take about 15 months to complete. It will spur significant road improvements in the area, as it is expected to add 580 vehicles to traffic every day. According to <em><a href=\"https:\/\/canalstreetbeat.com\/fedex-to-build-175000-square-foot-distribution-center\/\" target=\"_blank\" rel=\"nofollow noopener\">Canal Street Beat<\/a><\/em>, Northpointe Business Park is owned by Chris Lope, while the actual site to hold the FedEx facility is owned by Kansas City, Mo.-based Jones Development Co. Rents for industrial space at Northpointe range between $5 and $6 per square foot. The park has 50 acres of undeveloped land left.<\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/09\/envirotech.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-289281\" title=\"Enviro-Tech Systems \" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/09\/envirotech.png\" alt=\"\" width=\"300\" height=\"166\" \/><\/a>This is the second industrial announcement to shake up the Covington area this summer. Earlier this summer, Enviro-Tech Systems (ETS), a full-service water treatment manufacturer, has announced plans to develop a 10,000-square-foot facility. The more than $1 million facility will be located at the company\u2019s existing site on Norwell Drive in Covington. The company\u2019s existing 50-member staff will increase by 50 percent with the new facility. ERS has accessed various state incentives and Small Business Development Center assistance with the help of the St. Tammany Economic Development Foundation (STEDF).<\/p>\n<p><em><a href=\"https:\/\/www.multihousingnews.com\/market-data\/market-snapshot-2013-tightens-new-orleans-apartment-market-projects-rent-growth-for-2014\/1004097148.html\" target=\"_blank\" rel=\"nofollow noopener\">Click here<\/a> for further New Orleans market data<\/em><\/p>\n<p><em>Image courtesy of St. Tammany Economic Development Foundation<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Express is set to develop a 175,000-square-foot distribution center in St. Tammany Parish, creating 800 new jobs<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1599,21742],"tags":[],"class_list":["post-1004103448","post","type-post","status-publish","format-standard","hentry","category-new-orleans","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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Her work has been cited by CBS News, Curbed, The Los Angeles Times, and Forbes among others. With an academic background in journalism, Eliza has been covering real estate since 2012. Before joining PropertyShark, Eliza was an associate editor at Multi-Housing News and Commercial Property Executive. She has also contributed extensively to CommercialEdge. 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