By John R. Karman III, reporter, Business First
Vintage electronics maker Crosley Radio plans to consolidate its Louisville warehouse operations at a soon-to-be-constructed distribution center in Simpsonville's Kingbrook Commerce Park. The 260,000-square-foot facility is scheduled to be completed by the end of March, according to Bo LeMastus, Crosley's CEO.
Crosley has outgrown about 200,000 square feet it currently leases in multiple buildings at Jeffersontown's Bluegrass Commerce Park, he said. "You lose a lot of efficiencies doing that," LeMastus said. "We're busting at the seams."
Crosley's landlord in Simpsonville will be an affiliate of Louisville-based Noltemeyer Capital LLLP, which owns the buildings currently leased by the electronics manufacturer. Louisville's Summit Construction LLC is building the Simpsonville warehouse.
Summit president Jeff Robinson called the building a $9 million development. "It's going to be great once we get out there," LeMastus said.
Crosley, which has its headquarters at 1220 E. Oak St., in Louisville, will have about 30 employees at the coming distribution center, LeMastus said. They will relocate from the Jeffersontown sites.
Crosley Radio is owned by Louisville-based Modern Marketing Concepts Inc. The company has 68 employees and sells a line of retro-inspired radios, turntables, jukeboxes and other electronics items. It has expanded into ready-to-assemble furniture, available through its website and at Target and Sears stores and other retailers.
The company traces its roots to 1920, when Crosley Manufacturing Co. was founded in Cincinnati by Powel Crosley. By 1925, it was among the largest radio manufacturers in the world. Powel Crosley also launched Cincinnati's WLW-AM radio station.
LeMastus said Modern Marketing acquired the Crosley name in the late 1980s.