Distribution Center Expansion

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Distribution Center Expansion

Paris, Texas

  • $14.5M Logistics & Distribution Center
  • $2.3M Net NMTC Benefit
  • Created 103 Full Time Positions
  • Retained 170+ employees
  • Highly distressed non metro low income community
  • 27.8% Poverty Rate

HWH Group secured $14.5M in New Market Tax Credit (NMTC) financing and allocation for We Pack Logistics, LP. Serving as the sole (NMTC) transaction manager for the 3rd party logistics and warehouse service center located in Paris, Texas, a highly distressed rural location in northeast Texas. HWH Group successfully negotiated, structured and closed the transaction in May of 2012 which yielded approximately $2.3M of net NMTC funding and benefit for the company. Funding for the expansion project, which included debt participation from Capital One, provided permanent, long term financing for the 435,000 square foot facility equipped with state of the art warehouse and distribution technology. The transaction included real estate and improvements, new equipment and several upgrades to the company’s information technology systems and paved the way for the company to add 103 new jobs over the next 5 years and solidified over 170 positions currently employed by the company.

 

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