Flexsteel Adds New Distribution Facility at 

Logistics Park Kansas City 

        KANSAS CITY, MO. (December 1, 2014) - NorthPoint Development recently sold a 500,000 square-foot distribution facility at Logistics Park Kansas City (LPKC) in Edgerton, Kan., to Flexsteel Industries, Inc. One of the nation's oldest and largest furniture manufacturers, Flexsteel purchased the Class A industrial facility located on a 26.6 acre site and known as Inland Port I, which was developed on a speculative basis by NorthPoint.

        In line with supporting Flexsteel's sales growth, this facility is designed to enhance customer experience and increase shareholder value. The growing residential and commercial furniture manufacturer will utilize this new facility to distribute its furniture products to customers across the United States. Flexsteel will hire local talent to run a highly efficient operation.

        "Flexsteel is the fourth major distribution facility to locate at LPKC," said Patrick Robinson, Vice President, NorthPoint Development. "By co-locating near one of the nation's premier intermodal sites, Flexsteel will enjoy significant transportation savings and be able to more efficiently deliver its furniture products."

        LPKC is a 1,500-acre master-planned distribution and warehouse development that is anchored by BNSF Railway's newest intermodal facility. Developed by NorthPoint Development, LPKC is strategically and centrally located in America's heartland, perfectly positioned for the efficient shipment of goods for import and export - serving all points throughout the U.S.

        "The City of Edgerton is pleased that Flexsteel has chosen a site at Logistics Park Kansas City," said Edgerton Mayor Donald Roberts. "We are excited to welcome Flexsteel to our community and hope that the benefits of our central location and supply chain offerings at LPKC help the company see continued success."

        Flexsteel was represented by Blaine Kelley and David Hinchman of CBRE. NorthPoint was represented in the transaction by the exclusive agents for LPKC, Kevin Wilkerson and Phil Algrim, of JLL. For more information about LPKC, visit www.logisticsparkkc.com. 

The project partners who were involved with this project include:

•         BNSF Railway
•         City of Edgerton
•         Kansas City Power & Light
•         Kansas Department of Commerce
•         Kansas Department of Transportation
•         KC SmartPort
•         NorthPoint Development
•         Southwest Johnson County Economic Development Corporation
•         State of Kansas

About Flexsteel:

Flexsteel Industries, Inc. (NASDAQ: FLXS) is headquartered in Dubuque, Iowa, and was incorporated in 1929. Flexsteel designs, manufactures, imports and markets quality upholstered and wood furniture for the residential, recreational vehicle, office, hospitality and healthcare markets. For more information on Flexsteel, please visit www.flexsteel.com.

About NorthPoint Development:

NorthPoint Development is a privately held real estate development company specializing in complex master-planned projects. NorthPoint's core focus is to create long-term value for its customers. At Logistics Park Kansas City, the development team is focused on lowering total operational expenses for distribution centers and logistics-oriented companies. Visit www.beyondthecontract.com for more information.