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Lease Up: Kohl's Buys Distribution Center To Support Online Growth

Also This Week: PIMCO Building New HQs in Newport Beach; Alcatel-Lucent Will Keep its 600 Jobs in Ohio; and Additional Expansions & Relocations from: Direct Energy, Doctors Without Borders, Hunt Slonem, MicroPact, Namco Networks America, Pepsi, Vizio, Wilk Auslander and others

Kohl’s Department Stores 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. 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 in San Bernardino, CA and Monroe, OH.

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