Port Tampa Bay’s Board of Commissioners has approved a lease agreement with Glovis to establish and grow its footprint at the port.
The new agreement adds approximately 10.5 acres of vehicle storage area and 33,000 square feet of warehouse space for a vehicle-processing center, on Hooker’s Point, according to a statement.
The agreement calls for 30 acres of terminal space dedicated for new vehicle storage.
“We are very excited to have Glovis as a new port tenant, as they choose to expand their service network at our port. We look forward to a long and prosperous relationship, as we establish Glovis – Port Tampa Bay, as an important short sea getaway for Mexico-manufactured vehicles into our fast-growing Florida market and open the door for export of US-produced vehicles,” says Raul Alfonso, chief commercial officer and executive vice president of Port Tampa Bay.
Glovis handles the shipment, handling, storage and processing of automobiles and expects to bring at least 70,000 vehicles through Port Tampa Bay each year, the statement said.
The lease agreement is for 10 years, with the possibility of two additional extensions of five years each.
Glovis America is a logistics provider that is the United States division of Hyundai Glovis and is headquartered in Irvine, California.