Lion Brand Yarn Company opens Savannah Gateway Industrial Hub facility

SAVANNAH -- Lion Brand Yarn Company opened its new state-of-the-art 314,000 sq. ft., Class A distribution facility at 1008 Gateway Parkway, Rincon, in Broe Group's Savannah Gateway Industrial Hub on Wednesday with a YARN-cutting ceremony.

"We are excited to see this project come to fruition as Lion Brand enters the next chapter of an incredible journey and to be a part of the rapidly growing Savannah area distribution network," said Lion Brand Yarn President and CEO Chris Mills. "This new large single facility, complete with state-of-the-art technology, better positions us to meet the increased demand for our products and to provide a more efficient product flow to our customers at a time where high customer fill rates and service levels are critically important."

The YARN-cutting ceremony included members of the Blumenthal family ownership and Lion Brand, executives, associates, and representatives from the Broe Real Estate Group, JLL, Evans General Contractors, Georgia Department of Economic Development, Effingham County Industrial Development Authority and other local organizations.

Lion Brand Yarn is a cutting-edge, fifth-generation, family-owned business and one of the leading innovative knitting and craft yarn marketers in the United States. Since 1878, Lion Brand has inspired and educated knitters and crocheters.

"We are thankful that for nearly 145 years our dedicated and talented Lion Brand teams and associates based in our multiple northeast distribution centers have created comfort, connectivity, color and care for makers around the world," said David Blumenthal, Lion Brand chairman of the board. "And we are excited that this new state-of-the-art facility, with our team of experienced northeast and new local associates, positions us to meet maker needs for the next 145 years!"

"We welcome Lion Brand Yarn to Savannah Gateway and Effingham County," said Sean Fitzsimmons, Broe Real Estate Group senior vice president. "The park's multi-modal transportation efficiencies and proximity to the Port of Savannah create the ideal environment for fast and efficient import and export operations."

"Lion Brand Yarn's operations in Georgia are a testament to our state's ability to attract high-quality companies with high-quality jobs," said Georgia Department of Economic Development Commissioner Pat Wilson.

Lion Brand Yarn's new facility brings the park development to 1.3 million sq. ft., with an additional 1.125 million sq. ft. under construction. To keep pace with sustained park demand and unprecedented growth at the Port of Savannah, another 790,000 sq. ft. building and 335,000 sq. ft. building are in active development. The speculative facilities and several million square feet in planning provide rail-served and non-rail options for distributors and assembly operations.

"We are proud to welcome Lion Brand Yarn, a beloved family-owned business and respected brand, to the Savannah Gateway and Effingham County community," added Fitzsimmons.

About Lion Brand Yarn Company

Lion Brand Yarn Company is a fifth-generation, family-owned business and one of the leading knitting and craft yarn distributors in the United States. Lion Brand yarns are sold online and at craft chains, discount chains, and independent shops across the country. Via their website, they ship to virtually every country in the world. More than 80 types of yarn can be purchased on LionBrand.com, and tools and accessories. Since 1878, Lion Brand has inspired and educated knitters and crocheters. Today, research shows that knitting and crocheting help relieve stress through the soothing, repetitive motions of the craft and by helping people achieve a creative outlet that produces tangible and valuable products.

About Broe Real Estate Group

Broe Real Estate Group, an affiliate of The Broe Group, acquires, develops, and manages commercial real estate assets. Affiliated companies own and manage office and industrial properties, medical office buildings, and multi-family communities across the country, including premier assets in many of the most desirable markets. The Broe Group has a 40-year history of value-add real estate investing in Northern Colorado and across the United States. We improve value by implementing focused business plans that increase cash flow and create stable income streams. Additional information is available at broerealestate.com.

About The Broe Group

Founded in 1972, The Broe Group is a private, multi-billion-dollar investment group with diversified holdings in real estate, rail, infrastructure, energy, agriculture, water, healthcare, and technology throughout 37 North American states and provinces. Its deep operational knowledge derived from owning and operating multi-billion-dollar businesses and the global economic insights gleaned from serving its vast Fortune 500 clientele are strategic differentiators. The Broe Group's entrepreneurial focus enables it to find true value wherever it resides. For more information, visit broe.com.