Penske Logistics, a division of Penske Truck Leasing, plans to open a new 606,000 square-foot distribution center at 15520 Wayne Road in Romulus, Michigan. The company plans to create over 400 jobs.

According to Governor Rick Snyder’s Office, Penske Logistics and developer InSite Real Estate will invest a combined $98.5 million in the facility, which will be the company’s warehouse hub for cold and frozen products.A groundbreaking is planned for this fall.

“This project has been made possible because of teamwork with the MEDC, the City of Romulus, InSite Real Estate and Bonner Advisory Group,” said Doug Studley, Director of Operations, Penske Logistics. “We look forward to investing in Romulus and bringing over 400 jobs to the city.”

According to Studley, the MSF grant played a vital role in attracting Penske Logistics to Michigan over Indiana.

Further, Penske Logistics is the type of project that the Aerotropolis was created to attract, said Wayne County Executive Warren C. Evans. Aerotropolis is a seven community, two county public/private economic development partnership focused on driving corporate expansion and new investments around Detroit Metropolitan Airport and Willow Run Airport in southeast Michigan.

As an incentive, the Michigan Strategic Fund recently approved a $2.5 million performance-based grant. The company must meet specific requirements before funds are distributed.