Two companies will share the first building to be constructed in Foundation Park. Logistics Buddy and The Fruit Club have signed a letter of intent to purchase nearly 34 acres in the new development park and will construct a $70 million, 600,000 square foot temperature-controlled warehouse – about 15 acres under one roof.
"This massive facility is the perfect initial project for our state’s first megasite," said Slater Barr, president of the Sioux Falls Development Foundation. "These two companies have already been successful in the Sioux Falls area and this new warehouse facility will enable both companies to grow significantly."
Logistics Buddy is a privately-owned, full-service, third-party logistics company operating in Sioux Falls since 2010. A one-stop shop offering services to a national and international market, the new state of the art facility will be open to accommodate customers’ needs 24/7.
"A development such as Logistics Buddy is a multi-tiered financial project requiring participation from owners, investors and the state," said Scott Kear, CEO of Logistics Buddy. "Our company has decided to make this investment in South Dakota because it is a very business-friendly state."
The Fruit Club brings fresh fruit from the orchard directly to families, year round. With corporate headquarters in Sioux Falls since 2013, the company started as a small business with one box of fruit in 2013 and now is on track to sell over 3.5 million pounds of fruit this year. With 25 employees, the company services over 100 cities in 10 states. Over 100,000 individuals follow the company at thefruitclub.net.
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For more information contact Slater Barr at the Sioux Falls Development Foundation, call 605-339-0103, email slaterb@siouxfalls.com or visit www.siouxfallsdevelopment.com.
Source: Sioux Falls Development Foundation