DXP Enterprises, Inc., a Houston, Texas based professional distribution management company, has leased 5,016 square feet of flex space from Mericle Commercial Real Estate Services at 1151 Mid Valley Drive in the Mid Valley Industrial Park, Olyphant Borough.
DXP will use the new space in Olyphant as a service center for industrial customers in the region and will stock bearing and power transmission products, industrial tools, pumps, and safety supplies.
Founded as Southern Engine and Pump Company in 1908, DXP was re-chartered in 1979 as Sepco Industries and renamed DXP Enterprises, Inc. in 1986.
Today, DXP is a publicly traded company with 124 Service Centers, eight fabrication facilities, six regional distribution centers, and one customer first center. DXP serves a variety of sectors including general manufacturing, oil and gas, petrochemical, mining, food and beverage, pulp and paper, construction, service and repair, wood products, chemical and municipal.
“You may not recognize our name, but you have counted on us every day for the past 30 years,” said DPX Northeast Region Vice President Hector Jimenez. “We are a stronger customer driven solutions expert allowing us to better serve our customers with technical solutions and a broader product offering.”
The new space provides a more convenient location for our customers and increases our warehouse space,” added Jimenez.
Mericle Vice President Jim Hilsher coordinated the lease transaction with real estate brokers Jim Hazard of Transwestern’s Dallas, Texas office and Ellen Raineri of Hinerfeld Commercial Real Estate, Scranton.
“DXP has been consistently named one of Houston’s top 25 companies and has been listed as one of Business Week’s ‘hot growth 100 companies’,” said Hilsher. “We couldn’t have asked for a better company to join our tenant mix in Mid Valley Industrial Park.”
Mericle had constructed the 60,000 square foot multi-tenant flex building on Mid Valley Drive on speculation in 2000. Mericle recently announced that Camerota Truck Parts of Enfield, Connecticut had also leased space in the building. The lease to DXP brings the multi-tenant facility to 100% occupancy.
Mericle is the largest privately-owned developer of industrial and flex space along Pennsylvania’s I-81 Corridor and has developed eight buildings in Lackawanna County totaling 717,000 square feet, including four in Mid Valley Industrial Park.
For more information, visit www.dxpe.com.
Founded by Robert K. Mericle in 1985, Mericle Commercial Real Estate Services has developed more than 19 million square feet of industrial, office and flex space. More than 13,400 people work in the buildings developed by Mericle in Northeastern Pennsylvania.