Leasing company plans new building in Jefferson

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News,Business

METAIRIE, La. (AP) — Penske Truck Leasing will invest $5.1 million to build a leasing and maintenance facility in the Elmwood area of Jefferson Parish.

Company spokesman Alen Beljin tells New Orleans CityBusiness (http://bit.ly/1xIyibL ) Penske is planning a 16,664-square-foot structure to replace its 40-year-old existing structure in Elmwood.

The new building will have a larger garage and service area for vehicles and will handle a variety of operations for the company. Once the new structure is completed, the old building will be demolished, Beljin says.

Voelkel McWilliams Construction of Mandeville has been awarded the construction contract.

Beljin says completion is expected in 2015.

Penske's current operation is on Hord Street in Elmwood.

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Information from: New Orleans CityBusiness, http://www.neworleanscitybusiness.com

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