Ingram Book Group
“We’ve had an excellent experience with ProVenture who has successfully managed the acquisition and disposition of over 2,200,000 square feet of space for us.”
Project DetailsIngram Book Group Pennsylvania 665,000 SF
Ingram Book Group hired ProVenture to advise and implement a strategy to consolidate their nationwide distribution center facilities and create a new super distribution center. Ingram was faced with renegotiating multiple contracts on their existing facilities and deciding which facilities to close. Furthermore finding a site for the new distribution center and coordinating the logistical efforts of the consolidation presented a challenge in minimizing costs and executing the plan according to schedule.
With multiple tasks involved in this project, ProVenture outlined and then implemented a strategy that included the following tasks: established objectives, developed a timeline for execution, evaluated the value and liability of facilities within the distribution network, analyzed real estate costs for each exit market and acquisition market, negotiated a termination of existing leases or sublease program for exit market facilities, negotiated cost saving incentives with state and local governments for the establishment of the new distribution center, determined lowest cost facility alternatives in target area by researching over 40 potential sites, assessed local labor markets and designed the layout of the new distribution center.
ProVenture successfully developed a new 665,000 SF distribution center on 42 acres along the I-81 Corridor in Pennsylvania. An immediate savings to Ingram came in the form of a $4,700,000 state and local government incentive package which ProVenture assisted in negotiating. ProVenture successfully mitigated the leases on the existing distribution centers eliminating over 1,000,000 SF of lease space from Ingram’s supply chain. Furthermore, by reducing total occupancy cost and improving transportation routes with the new location, Ingram realizes millions of dollars in annual savings.