FedEx Freight to build $20 million-plus warehouse in Surrey

FedEx Freight announced July 17 that it would spend more than $20 million to build a 40,000-square-foot warehouse in Surrey. That’s the largest investment that ...

FedEx Freight announced July 17 that it would spend more than $20 million to build a 40,000-square-foot warehouse in Surrey.

That’s the largest investment that the FedEx Corp. (NYSE:FDX) subsidiary has ever made in North America, spokesman James Anderson told Business in Vancouver.

“The cost is actually well in excess of $20 million, but for competitive reasons, we’re not going to reveal the exact amount,” Anderson said.

FedEx Freight has been using contractors for its storage needs in Metro Vancouver. It services customers who ship products that are between 150 pounds and 2,000 pounds – loads that Anderson describes as being less than a full truckload.

The centre, located at 10288 Grace Road, is slated to be completed by November and is situated on a 16.4-acre site.

The new warehouse is expected to create about 50 jobs.

gkorstrom@biv.com

@GlenKorstrom

comments powered by Disqus

Also Read

More From Real Estate

New policies needed from all levels of government to address housing affordability crisis, urges credit union

Read Article

Real estate speculation eyed as potential saviour

Read Article

Jen St. Denis discusses a slump in the city's office market

Read Article

You should weigh many demographic aspects when considering leasing a new location

Read Article

Pessimism over prospects for 2015 evaporating in the face of positive dynamics

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

* You can modify your newsletter subscriptions at the bottom of any newsletter you receive.
×