Monday, March 19, 2012

Toro Plans 450,000 Square-Foot Iowa Warehouse Near Des Moines, IA

Minneapolis -- March 19 -- The Toro Co. is working with Ryan Cos. U.S. Inc. to develop a 450,000-square-foot distribution center near Des Moines, Iowa.

The proposed warehouse is in Ankeny, about 10 miles north of Des Moines along Interstate 35. Boomington-based Toro and Minneapolis-based Ryan have a proposal for tax increment financing on the Ankeny City Council agenda Monday night.

The 32-acre site is at 5500 Delaware Ave. SE., close to other distribution centers and some car dealerships.

Toro, which makes mowers, irrigation supplies and a variety of power equipment such as snowthrowers and leaf blowers, has several manufacturing facilities that would probably ship their goods to the center. They include plants in Windom, Minn., Beatrice, Neb., and Juarez, Mexico.

It isn't clear what impact the new development will have on Toro's finished goods distribution center in Lakeville.

Ryan was selected for the Ankeny project through a competitive process with other contractors. Toro and Ryan also teamed up in 2010 to develop a $11.5 million distribution center in Tomah, Wis., for Toro's lawn and garden equipment.

Ankeny officials have crafted a economic development package for Toro that involves an unspecified amount of tax increment financing, according to its meeting agendas.

Officials at Toro, Ryan and Ankeny's economic development department couldn't immediately be reached for comment.

 www.bizjournals.com

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