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Webvan Dumps 350,000-SF Custom Warehouse

KENT, WA-After spending tens of millions customizing a 350,000-sf distribution warehouse here, the troubled online grocer decides to remain in its existing but smaller Renton digs. In April the company closed its Atlanta operations, vacating 350,000 sf and laying off 485 employees.

By Janet Parker | Updated on May 23, 2001

KENT, WA-Online grocer Webvan Group Inc. has decided to dump yet another distribution facility. This time, it’s a 350,000 sf warehouse in Kent that it paid tens of millions to customize.

The Foster City, CA-based, publicly traded company has opted to remain in its present 100,000-sf Renton site. The cut back in Seattle-area expansion plans was simultaneously coupled with the lay off of approximately 134 employees, a 39 percent reduction of its Renton work force.

The East Valley Warehouse facility at 22033 84th Ave. in Kent was leased about two years ago when many market gurus were predicting wild success for the company. Wevban’s IPO, set for October 1999, was pushed back several weeks because investor buzz was so hot the SEC imposed a “quiet period” to cool off rampant speculation.

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