09-05-2007 Oliver Industrial Park will add distribution facility

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o�sou Tx F dx :J b W eFacE � � y� a 1, a2 1865 Office of the Mayor NEWS RELEASE Wednesday, September 5, 2007 3:15 PM Oliver Industrial Park will add distribution facility Contact: Mikki Dobski, Director of Communications&Special Projects, 235-5855 or 876- 1564;Andy Laurent, City Planner, 245-6112, or Erick Guerra, Real Estate Manager-Rant Corporation, 286-7672 A South Bend firm that manages and develops warehouse distribution facilities in nine Midwestern states is seeking to develop its largest South Bend facility in the Oliver Industrial Park. RAITT Corp., 815 W. Sample St., is seeking to buy a five-acre parcel in the Oliver Industrial Park along Chapin Street to construct a 50,000-square-foot warehouse facility for lease to as many as three tenants. The company's request will be considered Friday (Sept. 7, 2007) by the Redevelopment Commission. The parcel is on the 900 block of Oliver Plow Court, property that is part of lot No. 1 in the industrial park. Construction could begin late in 2007 or early in 2008, but is stipulated to occur within three years. "In a previous era, Oliver Corp. built farm implements to open up America to farming. This new facility in the Oliver Industrial Park will open up new opportunities for distribution of materials, goods and supplies from South Bend to locations across the Midwest," said Mayor Stephen J. Luecke. "The City of South Bend is pleased to welcome the expansion of a locally based business to help our efforts to revitalize the area." The firm already has three facilities in South Bend: • A 41,000-square-foot facility on more than 11 acres at 1415 S. Olive St. • A 42,000-square-foot facility on more than 11 acres at 815 W. Sample St. • A 24,000-square-foot facility that's part of 11 acres at 1311 S. Olive St. Founded in 1956, RAITT Corp. seeks to provide real-estate solutions for the