HUMBL Inc (HMBL)

[VMB-1]

~WAYFAIR Online Only? lolz, Amateur Hour:"Wayfair opens 3rd-Distribution Center in April,

Newest facility will encompass nearly 900,000 Square Feet

Clint Engel - September 1, 2015

CINCINNATI — Home furnishings e-commerce giant Wayfair is expanding its operations here with a nearly 900,000 square-foot distribution center in Erlanger, Ky.

The new facility, on a 52-acre site near the Cincinnati/Northern Kentucky International Airport, is expected to be up and running in April, a Wayfair spokeswoman said. With its existing distribution center in nearby Hebron, Ky., Wayfair will have about 1.4 million square feet of distribution center space in the market on top of a 480,000-square-foot distribution center in Utah.

Dermody Properties, in partnership with Hillwood Investment Properties, will develop the new center for Wayfair, according to a Dermody press release.

Wayfair declined to disclose its investment in the project.

“As a company, Wayfair shares our commitment to excellent customer service, and part of that commitment is getting products to their customer as quickly as possible,” Dermody Partner Gregory Arnold said in the release. Dermody’s development practices and “the logistics advantages of this location will help them do just that,” he added.

Wayfair Chief Administrative Officer Nicholas Malone, said, “Our new state-of-the-art facility and the ability to tap into the region’s strong talent pool will help us deliver on the Wayfair promise of an exceptional e-commerce shopping experience in the home space.”