SOUTH POINT — A major logistics firm is moving a segment of its operations to The Point industrial park.

On Wednesday a deed was transferred from the Lawrence Economic Development Corp. to Scannell Properties LLC of Indiana for a 9.417 acre tract for $470,850. On its website Scannell says it is the largest developer of FedEx properties, one of four companies that provide the majority of the developer’s repeat business. The other firms are Alcoa, ITT, and Owens Corning.

For some time there has been speculation that FedEx was going to locate a facility at The Point.

“There is some truth to that, to my understanding,” Dr. Bill Dingus, director of the LEDC, said. “From our vantage point, we have not been given the authority to make a release of the actual tenants at this time. It is a major entity in logistics and will be wonderful for Lawrence County and help position The Point and South Point as the center of the Tri-State.”

Dingus anticipates releasing the name of the new addition to The Point in the next few weeks, but did say the company would be creating 130 jobs.

FedEx is a $43 billion international logistics firm that provides transportation, e-commerce and business services in 220 countries and territories with more than a quarter of a million employees.

Construction crews were already working Wednesday on site preparation for the facility to be located on Commerce Drive in the middle of The Point.

“For Lawrence County this is extremely valuable and will help position the Tri-State,” Dingus said. “It is a major national company.”