The region continues to be of significant strategic value to Serta Simmons Bedding, the statement adds.
“The new facility will be critical to meet the growing needs of our customers and our desire to make the most advanced bedding in the industry,” according to the statement.
Park North at Monroe is being developed by IDI Gazeley, which bought the property in sheriff’s sale in 2012.
Park North “has developed into a rapidly growing industrial park with high-quality manufacturing and logistics tenants,” said Jennifer Patterson, assistant to the city manager for Monroe. “From the city’s perspective, this diversity in the types of companies located in Monroe is important. It helps to create a stable local and regional economy and provides a wide variety of job opportunities to the residents of Monroe and surrounding communities.”
Other park tenants include Cornerstone Services Inc., which operates retail websites, catalogs and outlet stores for home goods. Cornerstone signed a lease in 2013 to open a new distribution center in Monroe.
Also, Illinois-based UGN Inc. is building a 232,000-square-foot auto parts plant at Park North that opens this year. At full production, the auto supply manufacturing plant will add approximately 150 jobs.