General Electric Co. and other manufacturers are expected to benefit from a new commercial shipping firm that just opened 15 miles south of Albany, New York.
Dockside Logistics LLC built a 72,000-square-foot warehouse at the Coeymans Industrial Park where it coordinates and manages complex packaging needs.
The industrial park is located at the Port of Coeymans, giving Dockside Logistics ready access to the Hudson River. The site will serve as the company’s Northeast base of operations. Dockside is based in Charleston, South Carolina. It operates freight trucks and owns a distribution warehouse at the Port of Charleston.
“Access to both shipping and trucking options was critical to best serve our customers and this location provided that vital access,” Steve Young, managing member, Dockside Logistics, said in a prepared statement.
Dockside has a five-year lease at the warehouse, with three five-year renewal options and the ability to expand.
About 35 jobs will be filled in the coming months.
Carver Laraway, whose Carver Cos. owns the Port of Coeymans, and officials at GE (NYSE: GE) have previously said the new warehouse will help the company cut costs and be more competitive when its Power division in Schenectady ships huge generators around the world.
The new warehouse is one of four building on the 40 acres of developed land at the industrial park. All four are occupied. Laraway plans to continue developing the property and building warehouses for new and existing tenants.
The port is also a staging and construction area for the $3.9 billion Tappan Zee bridge being built downstate.
Article source: http://www.bizjournals.com/albany/news/2016/03/07/commercial-shipping-firm-opens-south-of-albany-a.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+industry_20+%28Industry+Commercial+Real+Estate%29