Michigan-Based Grocer To Open Dairy Production Plant In Ohio
Amidst fears of an economic slowdown in emerging markets, some U.S. based companies are continuing the expansion of their enterprises, which has highlighted the growth of the nation’s economy over the last year. Another example of such grown can be seen with Midwest supermarket chain Meijer.
The grocer, which is based in Grand Rapids, Michigan, recently announced that it will open a dairy production plant in Ohio. The facility will be located in Tipp City, which is a community just north of Dayton. According to a DetroitNews.com press release, the facility will employ more than 100 people and be a part of a $100 million investment into the community.
The production plant is also expected work in conjunction with Meijer’s distribution center. The company has 42 stores in Ohio, and the new facility will ostensibly increase Meijer’s presence in the state.
Some critics questioned why Meijer did not open such a plant in Michigan, especially given the state of the economy and the real estate climate. As Michigan continues its resurgence, quality (and economical) real estate will not be plentiful as the economy continues to grow. However, since the company has a dairy production plant in the state already, some deemed the out-of-state investment as a step in the right direction for the company’s growth.
Nevertheless, the story is a reminder that commercial real estate deals should include an experienced attorney who can scrutinize details and help clients understand the practical and legal implications that come with a major transaction.
Source: DetroitNews.com, “Meijer to build dairy production plant in Ohio,” January 27, 2014