As noted in the July 7, 2009 IBJ Real Estate Weekly, Sign Craft Industries has secured a lease for 43,000 square feet in our current building. We are moving from the end cap location of 8920 Corporation Drive, to 8808 Corporation Drive. Our new home is located in the middle of the building.
We are currently anticipating the build-out and relocation to be completed by the beginning of October. Based on the plan developed by Phil Sheingold (COO) and the operations team, the move will not impact our ability to fabricate and meet customers’ expectations. Through the redundancy of equipment and proper planning, we will continue to work in the old space, as the new space is prepared and equipment moved.
While this is a strange time to be adding space, we believe it was necessary to assure Sign Craft’s continued growth and our ability to provide our customers the service they deserve. Sign Craft experienced a 54% increase in revenue for the first quarter of 2009. While the integration of the Sign Studio and Atlas acquisitions were contributory, the growth was primarily generated internally. This internal growth was a nice blend of successful large bids such as the Old National Bank conversion of Charter One branches and the rebranding of Vincennes University and the smaller single sign projects.
While we cannot forecast that this growth will continue, we believe that the new space will put us in a great position to take full advantage of our superior fabrication abilities when this economy turns around. Please stay tuned for further updates on this move and Sign Craft in general.
