VF Outdoor signed a long-term, build-to-suit lease agreement for a new 817,000-square-foot distribution and logistics facility with The Allen Group in Visalia, Calif. The new facility will serve as the Western distribution hub for VFs Corp.'s Outdoor Apparel unit. More than 350 permanent jobs will be created by the facility once it's fully operational. Construction of the new facility will begin within the next 10 days, with completion expected in June 2006.
The new facility will feature state of the art racking and distribution equipment, 40-foot clear heights, and an additional 200,000 square feet of mezzanine space. The Allen Group will own the completed building, which will cost an estimated $43 million to develop. VF Outdoor has also signed a short-term lease for an additional 118,000 square feet in an existing building that is located in the same distribution center.
