Retailer Planning To Expand Size of Harford County Building to 1 Million Sq. Ft. for Online Orders
National retailer Kohl’s Department Stores (NYSE:KSS
) closed on the purchase of a 602,250-square-foot industrial building at 1701 Trimble Road in Edgewood, MD. The sale price was not disclosed. The building previously sold in 2005 for $21.25 million.
Matthew Laraway, senior director from Cushman & Wakefield’s Baltimore office, and Phil Lombardo, executive director from the firm's Inland Empire office, jointly represented Kohl’s in this purchase. The seller, ProLogis, was represented by William Pellington, Justin Mohler, Adam Weidner and Toby Mink of CB Richard Ellis.
The retailer plans to use the building as a distribution center to fulfill orders made on Kohls.com, which is expected to handle $1 billion in e-commerce sales in 2011. The Maryland facility will be the company’s third distribution center supporting Kohls.com. Other centers are located in San Bernardino, CA and Monroe, OH.
Kohl’s said it plans to expand the facility to one million square feet by 2012 as part of the retailer's continued growth, which also includes 40 new stores and 100 remodels in 2011. The company currently operates 20 stores in Maryland, and said the new facility is expected to create approximately 1,200 jobs over the next three years.
With the purchase in Edgewood, Kohl’s will operate a total of 12 distribution centers across the country. The retailer has 1,097 stores in 49 states.