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Hart Leads VT Industries Eastward

 


THE CHALLENGE


VT Industries is an Iowa-based manufacturer of fine laminate and stone counter-top systems for residential and commercial use. Hart Corporation has maintained a long term relationship with VT and has successfully represented the firm on previous site search projects. The requirement was to find a suitable existing facility with specific physical characteristics relating to specific heights, dimensions and column spacing to accommodate their production line equipment within a five-state area in the Mid-Atlantic Region for an expansion of VT’s East Coast business.

THE SEARCH


A Hart Corporation team consisting of a National Account Representative and professionals from our Mid-Atlantic Region undertook a search throughout the entire target area. Hart’s proprietary database of larger industrial space throughout the outlying areas of each state in the US was used to quickly match VT’s needs with availabilities on the market. The initial search covered over thirty-five locations. These were narrowed down to approximately a dozen locations in these states as a result of the personal knowledge of our regional people who know the buildings, the communities and the general labor atmosphere prevailing throughout each territory. Following preliminary screenings, the Hart Corporation/VT team conducted a confidential inspection tour of buildings in two states further narrowing the search to two key facilities in Pennsylvania and Maryland. Simultaneous negotiations were opened on the two facilities while confidential meetings were held with State and Local economic development officials from both locations to resolve the incentives available for each location. Community and labor interviews were similarly undertaken in both locations. After preliminary interviews a decision was made to focus on the Maryland property due to more favorable transportation access and proximity to their expanding market.

RESULTS


Final negotiations were completed on a 105,353 square foot facility on 16.87 acres in Hagerstown, with close proximity to an Exit and frontage along Interstate 81. The new location will provide over 100 new jobs to the area and will provide expansion potential for future growth of VT’s operations serving the Eastern U.S.

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