Beverage distribution company Premium Brands of Northwest Arkansas is moving from Fayetteville and will establish a new headquarters and warehouse operation in neighboring Springdale sometime next year.
The company has purchased 20 acres from the Springdale Public Facilities Board and is expected to begin construction in 2024. Premium Brands paid $1.5 million for the property, according to Benton County property records.
"We are very excited to move our operations to Springdale ... we knew the location would fit perfectly for our current and future operations," said Casey Moore, Premium Brands of Northwest Arkansas vice president and chief financial officer.
The new location north of Kendrick Avenue will include a distribution warehouse, the company said. Plans are to widen Kendrick Avenue in 2024 -- providing direct access for Premium Brands to Arkansas 265.
The 130,000-square-foot Springdale facility will house the company's workforce of about 100 employees. Premium Brands distributes beer, spirits, wine and non-alcoholic beverage in Northwest Arkansas and Central Arkansas, according to its website.
The company -- majority female and family owned -- has been in operation since 1984.