FedEx celebrates groundbreaking on LR center.
FedEx Corp. of Memphis broke ground Thursday on a 300,000-SF FedEx Ground distribution facility in southwest Little Rock. The publicly traded logistics firm plans to employ about 160 people there.
The center, scheduled to open in August 2016, will sit on a 44-acre site near the northwest corner of Alexander and Loop roads. A company affiliated with FedEx purchased the pastureland from R&D Holding LLLP, led by Don Thompson, for $3.38 million.
Once operational, the plant will be able to process 15,000 packages per hour. It will join 560 other ground distribution points throughout the country.
Construction will include creating a new street, called Industry Parkway, which will link with Alexander Road to the south and Loop Road to the east.
Scott Hardin, a spokesman for the Arkansas Economic Development Commission, said the project was helped along by a $250,000 Economic Infrastructure Fund grant for infrastructure build-out that was matched by $250,000 from the city of Little Rock.
FedEx Ground spokesman Jesse Bull said the Little Rock facility is part of a national expansion for the company and will become part of a network of 560 distribution hubs and pickup centers across the country.
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|Date:||Feb 23, 2015|
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