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SED To Move Corporate HQ

3/18/2011 01:48:14 PM Eastern

Tucker, Ga. - SED
International Holdings, a multinational supply-chain management provider and CE
distributor, announced that it's moving its corporate headquarters.

SED said it has entered
into a 11-year lease agreement with Highwoods Properties for a new corporate
office and expanded distribution center in Lawrenceville, Ga. The distributor expects
to occupy the new space by Sept. 30.

The lease agreement
covers approximately 72,000 square feet, representing a 25,000-square-foot
expansion of SED's distribution center at a lower total cost than SED's current
facilities, it said, adding that the new location will allow it to employ
enhanced distribution equipment and provides immediate access to the
interstate, increasing efficiency in delivery to and from SED's distribution
center.

"We are excited to have
secured this new location as SED's continued growth requires the expansion of
our corporate office and distribution center," said Jonathan Elster, SED's
president and CEO. "We recognized the need for a larger facility to house our
growing business and secured a favorable lease agreement that provides SED with
the necessary resources to improve the overall efficiency of our operation. The
new facility offers upgraded office space for our corporate employees and
expanded capacity for our distribution facility. SED is focused on sustainable
growth for the long term, and the new facility will assist us in executing on
our strategic sales growth initiatives and important corporate objectives."

 

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