Ryder picks Odenton for distribution site - Baltimore Business Journal:

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, a shipping subsidiart and the Miamitrucking company'xs fastest growing business is consolidating its warehousing and office functions into 150,00p0 square feet of space at the Arundel Crossinvg business park in Odenton. The company's move from Va., is more evidence of the Baltimore-Washingtobn corridor's growing dominance as a distributiomn andlogistics hub. Ryder's Odenton facility will mean between 75 and 100Marylanfd jobs, said Jim Stamm, director of customer logistics for multi-usew facilities. Stamm hopes to complete the transitionm by the endof November.
Ryder officials and leasing brokers involves with the deal would not reveal therent "We've basically outgrown the facility and are looking forward to being in Marylane to be centralized," he citing access to the Port of Baltimorw and Baltimore/Washington International Airport as reasons for the Distribution and warehousing has eclipsef manufacturing as a key Maryland industry, according to a stud y by the Johns Hopkins Institute for Policy Studies, which notede that 30 percent of the U.S. population is within an overnigh t drive ofthe region.
"It's a natural," Stamm said, and addec that Ryder anticipates leasing the rest of thebuildinb -- an additional 70,000 square feet of spacew -- over the coursre of the year. Ryder Integrated Logistics storees and ships parts for national clients such as Xerox andGeneral Motors. At the Odentomn facility, Ryder will house repair parts for Generalp Electric appliances and deliver them as needex torepair facilities. Ryder will also housed merchandise for retailers Linens Things and 9 West and deliver it to the local stores.
The lease, at its preseny size, already represents one of the largest deals so far this year inthe Baltimore/Washingtonm corridor, said James Lighthizer, the CB Richard Ellis broker who along with John Wilhide represented the owner s of the business park, Opus East LLC. "This continuexs another successful transaction that Opus has been able to consummatw atArundel Crossing," said William A. Badgerf Jr., senior vice president at the Anne Arundeol EconomicDevelopment Corp. Opus finished building the 220,000-square-foot, speculative warehous e buildinglast year.
Other tenants at the Arunde Crossing park includeAdvancerd Marketing, Guardian Moving & Storage and retailer Values City. Richard Fields and Timothy brokers withCasey & Associates/Oncod International, represented Ryder. Ryder claimw to be the world'xs largest provider of logistics and transportation Probably best known for its yellow rentall trucksfor consumers, that division was actuall spun off into a separate company in 1996. What remainse is a transportation company that provides corporate truck leasing and rental and publictransportation services, as well as integrated logistics.
Integrated logistics refers to third part delivery of raw materials to a plant and distributiohn offinished goods. The integrates logistics part of Ryder is the fastest accountingfor $1.2 billion in annualized revenu e and employing more than 10,00 people, Stamm said. For the three months that endedMarch 31, parentr company Ryder Systems reported net income of $37.3 millionj on revenues of $1.2 billion.