Case Study: First Industrial and Maytag Corporation
| To gain advantage in the highly competitive retail environment, one of Americas most trusted appliance manufacturers fine-tuned its delivery network and moved operations closer to its customers. |
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The Challenge
In an effort to shorten the time it takes to get its products to end-users in key markets throughout the U.S., $4.7 billion behemoth Maytag Corporation tapped the expertise and national resources of First Industrial Realty Trust to help improve its supply chain performance.
Our Approach
Working dynamically, First Industrial provided leasing, development and transactional assistance in various markets, starting with the disposition of a redundant facility and simultaneous development of a more strategically located distribution center that ensured one-day delivery service to major population centers in the northeast and mid-Atlantic regions.
Concurrently, First Industrials team leased the company a 527,000 sf. facility outside Atlanta to improve product flow in the southeast, and most recently developed a new, state-of-the-art 750,000 sf. office/distribution center near the companys Iowa headquarters that went operational from groundbreaking to move-in in a remarkable seven months.
The Outcome
By turning to First Industrial for help in overhauling its distribution network, Maytag eliminated redundant operations, replaced poorly located and out-moded facilities, and cut costs while shortening lead-times to retailers, builders and consumers in the northeast, southeast and midwest.
Development
Acquisition
Multi-Market
Sale Leaseback
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