Verst Logistics, the region’s second-largest logistics company, signed a long-term lease for 394,000 square feet of space at the Runway Logistics Center building at 2497 Wright Blvd. in Hebron, KY. This class A warehouse is adjacent to the CVG airport, which is ideally located, specifically for ecommerce fulfillment and will bring about 250 new jobs to Northern Kentucky.
Many analysts agree a surge in warehousing demand for ecommerce fulfillment could result in 330 million additional square feet needed in the US alone. Vacancy rates are extremely low and speculative building is having a tough time keeping up with demand.
The new Verst facility in Hebron boasts almost 400,000 square feet and is located near four major shipping hubs, allowing customers the ability to ship to 85% of the U.S. population in 2 days. This will be Verst’s second fulfillment site in Northern Kentucky and will come equipped with Locus robots and an automated package sortation system. Verst invests in scalable and industry-leading automation to accommodate large peak volume surges and same-day shipping, along with improved accuracy and productivity at their sites.
Verst has been family-owned and operated since 1966 and continues to rapidly expand. In 2021, Verst leased or renewed leases on five buildings totaling one million square feet. This incremental square footage, along with the newest 394,000 addition, brings Verst’s footprint to 7.6 million throughout the United States.
“We are excited about this latest expansion, and our company’s accelerated growth in the ecommerce fulfillment segment of the 3PL industry.” said Paul Verst, Chairman and CEO of Verst Logistics.
The new state-of-the-art warehousing and fulfillment center will position Verst to continue being a leader in logistics and the supply chain industry.