SOUTHAVEN, Miss. – Stylecraft Home Collection, a leading provider of lamps, wall décor, accent furniture and home accessories, will locate its headquarters at Hillwood’s DeSoto Trade Center development in Southaven, Mississippi. The company has leased 251,053 square feet in DeSoto Trade Center, Building 3, the new 552,106 square-foot building, from Hillwood.
Stylecraft will employ 200 workers in the new facility, which also will serve as the company’s distribution center.
“Stylecraft is preparing for expansion,” said Charlie McCaffrey, president of Stylecraft Home Collection. “The new DeSoto Trade Center location provides us with the space to grow, as well as easy access to our major transportation modes and a low-cost operating environment.
Located at 4325 Executive Drive, DeSoto Trade Center, Building 3 is one of three buildings that have recently been completed by Hillwood in the development. The 301,053 square-foot DeSoto Trade Center, Building 4, a speculative building, and the 865,120 square-foot build-to-suit for Kuehne + Nagel also were built in 2006.
“A locally based industry leading company, Stylecraft Home Collection is a great addition to the development,” said T. Preston Herold, vice president of Hillwood Investment Properties. “Of the 1.7 million square feet that were completed at DeSoto Trade Center last year, more than 500,000 square feet of cross-dock or front-load space is available for immediate occupancy.”
Representing Hillwood were Dan Wilkinson of Colliers Wilkinson Snowden, Richard Burnette of The Burnette Company and T. Preston Herold of Hillwood. Stylecraft Home Collection was represented in-house by Dan Shear, Chief Financial Officer.
In four years Hillwood has developed six buildings totaling more than 4.1 million square feet at DeSoto Trade Center. Including those with Stylecraft Home Collection, approximately 900 jobs have been created in the development. There are approximately 450 acres remaining and available for additional industrial development. The 668-acre DeSoto Trade Center has the capacity for 16 buildings totaling more than 11 million square feet.
Located on the west side of Interstate 55 between Church Road and Star Landing Road, DeSoto Trade Center provides outstanding access to Interstates 55 and 40; is within 10 miles of the FedEx hub and the UPS center at Memphis International Airport; and is close to the Memphis rail yards. As the largest suburban area of Memphis, DeSoto County also offers a large labor base. The development also presents low operating costs due to its location in Foreign Trade Zone #262, the low cost of real estate in the area, as well as aggressive incentives and streamlined approval processes offered by the city of Southaven, DeSoto County and the State of Mississippi.
Founded in 1968, Stylecraft Home Collection designs, manufactures and markets high-quality, fashionable home décor. The company has the broadest product offering in the mid-priced portable lamp segment and differentiates itself with its unique ability to deliver attractive fashions at modest price points. Stylecraft Home Collection products are distributed to all major retail channels, including independent retail stores, specialty home décor retailers, mass merchants, home centers and department stores.
Hillwood, (www.hillwood.com) a Perot company, is ranked as one of the top commercial real estate developers in the country and the top residential developer in Dallas-Fort Worth. The company’s developments currently house facilities for 85 companies listed on either the Fortune 500, Global 500 or Forbes List of Top Private firms. In addition to DeSoto Trade Center, Hillwood is best known for its development of the 17,000-acre AllianceTexas development, located 15 miles northwest of Dallas/Fort Worth Airport; the $420-million American Airlines Center and Victory district near downtown Dallas; and AllianceCalifornia, the 2,000-acre logistics center near Los Angeles.# # #