Steam Logistics Breaks Ground on Future Headquarters
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From left: Adam Shearer, chief financial officer of Steam Logistics; Congressman Chuck Fleishmann; Jason Provonsha, chief executive officer of Steam Logistics; City of Chattanooga Mayor Tim Kelly; Hamilton County Mayor Jim Coppinger; Tennessee Senator Todd Gardenhire; Steve Cox, president of Steam Logistics; and Todd Kimling, vice president at Noon Development LLC.
Steam Logistics, which anticipates adding 400 employees over the next five years, broke ground on Friday at its future headquarters on 328 Broad Street.
Located at the corner of 4th Street and Broad Street, the building, which was recently purchased by Noon Development LLC, has been boarded up for years. The complete overhaul of the building will transform the block, which sits at a pivotal entry point into the city of Chattanooga. The project will also inject an investment of nearly $7 million into downtown Chattanooga.
“We’ve worked closely with our friends at Noon Development to create a fantastic vision for our headquarters, and plans are already in action,” said Jason Provonsha, chief executive officer of Steam Logistics. “The building is now just a shell, but we see the potential. Most importantly, we’re bringing all our Chattanooga team members together in one energetic place, in a building we can be proud of, right in the heart of our city. We’re incredibly grateful for everyone involved in bringing this project together.”
At the ceremony, community leaders and elected officials praised the project for showcasing smart collaboration for a large community impact.
“This is a big win for Chattanooga, and I’m proud of both Steam Logistics and our economic development team for their hard work capitalizing on our strength as a logistics powerhouse, while also revitalizing this key landmark at one of our downtown gateways. Chattanooga is uniquely positioned to capitalize on the growing momentum of the logistics sector, while leveraging our quality of life to bring jobs to our city,” said City of Chattanooga Mayor Tim Kelly.
“Steam Logistics has made a very real commitment to Hamilton County, not just in the renovation of a building, but by committing to recruit, train and employ hundreds of our citizens. The leadership’s commitment to training, instead of just trying to hire those already in the logistics industry speaks volumes about their commitment to our region,” said Hamilton County Mayor Jim Coppinger.
“On behalf of the state delegation, I’m proud to be here for this launch and to see how smart investments are making an impact right here in my district. Many others have talked about transforming this block, but the project has proved too difficult for any single group to get off the ground. Now we are watching the success of all of us working together,” said Tennessee Senator Todd Gardenhire.
“I’m always proud to represent the Chattanooga area, but today I’m especially pleased because this collaboration is exactly what makes our city stand out, and why others are looking to us as an example, both across the state and nationally,” said Congressman Chuck Fleischmann.
“We have an incredible business community in Hamilton County and the region, and it’s constantly growing. While the Chamber is always thrilled when companies relocate here, watching one start small, and then grow, thrive and succeed – then reinvest that success into the city – now that is what we want to exemplify,” said President & CEO Christy Gillenwater of the Chattanooga Area Chamber of Commerce.
Noon Development went on to announce that they anticipate the project will be complete by December of this year.
“Many others have considered this building, but the extent of the work and renovation needed, including the need to add many windows in a solid block building, discouraged progress,” said Todd Kimling, vice president at Noon Development LLC. “We needed the right partners to make this project happen, and the city, state and Steam Logistics all came together to completely reimagine this project and make it a reality.”
About the project:
Location: 328 Broad Street, formerly known as the John Ross Building
Size: 60,000 square feet (four-story building)
Developer: Noon Development LLC
Architect: Franklin Architects
General Contractor: GenTech Construction
Finance: United Community Bank | Reliant Bank
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About Steam Logistics
Steam Logistics is a fast growth, integrated third-party logistics company, focused on international freight forwarding, drayage, and domestic transportation. Based in Chattanooga, Tennessee, and with offices in Birmingham, Minneapolis, Detroit, Des Moines, and St. Louis, Steam is one of the fastest growing 3PLs in the U.S. Steam has been featured in Inc. Magazine’s list of America’s Fastest Growing Companies each of the previous five years and is registered as a Great Place to Work.
About Noon Development LLC
Noon Development is a private development firm headquartered in Chattanooga, Tennessee, with projects across the U.S. The company specializes in developing medical real estate in support of health care organizations’ growth strategies. Several of the group’s local medical developments include The Atrium, 901 Riverfront Parkway, The Lyerly Medical Pavilion, and Bradley Heritage Medical Park, in addition to the redevelopment of the Fleetwood Building on East 11th Street, the Lifestyle Center on Market and 422 E. MLK Street, home to Proof Bar & Incubator. Learn more at NoonDevelopment.com.
