CHICAGO--(BUSINESS WIRE)--Sixth paragraph of release should read: Kirk Hamilton of Hamilton Partners added “We are proud to forge a long-term relationship with Chris Jamroz, Hessel Verhage and the STG Logistics team who are one of the fastest growing 3PL providers in the US and the leaders in specialty logistics. Hamilton Partners owns and manages a significant portfolio of commercial real estate located in key geographies around Chicago and is focused on partnering with leading organizations to create world-class working environments for their employees and customers.”
The corrected release reads:
STG LOGISTICS ESTABLISHES REGIONAL HEAD OFFICE IN CHICAGO
Leading logistics provider announces multi-million dollar investment in Elk Grove Village, Illinois with developer Hamilton Partners
STG (St. George Logistics), jointly with real estate developer Hamilton Partners, announced a multi-million dollar expansion to STG’s logistics center in the Greater Chicago Area. The resulting campus, located in Elk Grove Village, will become STG’s new regional headquarters upon its completion in the first quarter of 2018.
Operating 32 facilities across the U.S., STG is one of the country’s leading providers of warehousing and transportation services critical to the import/export supply chain. The company’s operations in greater Chicago, located at 875 Devon Avenue in Elk Grove Village, consist of over a quarter of a million square feet of prime distribution space. These facilities will be upgraded to expand processing capacity, increase efficiency, and to create corporate offices that will house several company executives and a variety of newly created corporate positions.
STG plans to significantly increase the facility’s number of bay doors, expand door widths to accommodate oversized loads, and implement major upgrades to lift mechanisms. In addition to materially increasing STG’s capacity and capabilities in Chicago, the upgrades will also reduce trucker wait times, enhance ease of access, and increase the number of street turns. Moreover, the facility will feature a new, state-of-the-art truckers’ lounge with unmatched accommodations including televisions, charging stations, a self-service market, and other comfortable accommodations.
Chris Jamroz, Executive Chairman of STG, stated “We are excited to announce our partnership with Hamilton, a recognized leader among Chicagoland development companies, to transform our Chicago facilities into a world-class logistics hub. Chicago is an incredibly important market for STG, and this regional headquarters campus will accelerate our expansion in one of the fastest-growing logistics markets in the U.S.”
“Our investment in a Chicago headquarters showcases our commitment to our customers, our trucker partners, and the local community,” stated Hessel Verhage, STG’s President and CEO. “The capacity and efficiency expansions will help our customers receive faster and better service, while our innovative truckers’ lounge concept will make our trucker partners – the lifeblood of the supply chain industry – feel welcome and comfortable. Finally, our dedication to Chicagoland is clear as we create many great new jobs through our expansion.”
Kirk Hamilton of Hamilton Partners added “We are proud to forge a long-term relationship with Chris Jamroz, Hessel Verhage and the STG Logistics team who are one of the fastest growing 3PL providers in the US and the leaders in specialty logistics. Hamilton Partners owns and manages a significant portfolio of commercial real estate located in key geographies around Chicago and is focused on partnering with leading organizations to create world-class working environments for their employees and customers.”
About STG Logistics
STG (St. George Logistics) is a leading asset-light provider of complex and highly customized logistics and transportation services focused on the global supply chain. The company’s comprehensive suite of services includes value-added contract and specialized warehousing including container freight management, inventory management, distribution, and e-commerce fulfillment as well as multi-modal ground transportation. With a network of 32 multi-purpose, technology-enabled facilities, 50 partner locations, and numerous transportation partners, STG provides its customers with one of the most expansive import/export solutions in North America. STG is a key partner for third party logistics providers as well as leaders in the food and beverage, consumer electronics, engineered products, home fashion, retail, and other verticals. STG operates U.S. Customs-bonded, TSA certified, and International Free-Trade Zone facilities. Additional information about STG Logistics is available at www.stgusa.com.
About Hamilton Partners
A powerhouse of experience and talent, Hamilton Partners is one of the leading commercial, retail and industrial real estate developers in the Chicago and Salt Lake City Region. Hamilton Partners was formed in 1987 after a core group of partners separated from Trammell Crow’s Midwest operations. Hamilton Partners has since grown to be one of the largest privately held real estate development firms in the central US with a total portfolio of over 17 million square feet. Our portfolio consists of office, industrial, apartment and retail properties with projects in Chicago, Salt Lake City, Denver, Milwaukee and Raleigh Durham.
