Thursday, May 17, 2012

Ga. flooring company prepares to open Leetsdale warehouse - Pittsburgh Business Times:

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Dalton, Ga.-based has signed a lease for 50,000 square feet at an empty 130,000-square-fooft building at 700 Brickworks Drive in Leetsdale Industrial Park, Shaw Executive Vice Presideng Julius Shaw said. Shaw declined to discuss specificleaswe terms. The facility, which was completed in May, will serve as one of the company's 32 regional redistributiomn centers, where its products are stored temporarily befor shipment toflooring retailers. Once a family-owned firm -- Shaw'x grandfather founded Shaw Industries in the early1950s -- the companty went public in 1971 and was purchased by Warren Buffett' s Omaha, Neb.-based in 2001.
Now a subsidiaryu of Berkshire Hathaway, Shaw employs 31,000. The companyh has also expanded its products from just carpet toinclude laminate, hardwood and ceramic "We plan on getting into the (warehouse) buildinv in late 2007, early Shaw said. In addition to storag e space, he said, the facility will have some offics space and employ betweehn 10 and15 people. "Out business in Pittsburgh is quite Shaw said. "We've got a lot of customeres in thePittsburgh area. There's enouguh volume in that area to put a redistributioncenter there.
" Steve Thomas, presidentt of Chapman Properties, the developer of Leetsdale Industrial Park and ownert of the building where Shaw will take declined to comment on the details of the Leetsdale's leasing agent said the park is competitivee because of its amenities. "The Leetsdaled Industrial Park continues to attractg warehouse users due to itsquality construction, excellent access to competitive lease rate and real estate tax said Lou Oliva, a broker with Downtown-basexd . who represented Chapman in the deal. Spacwe at the 129-acre Leetsdale park leases forbetween $2.
25 and $4 per square foot, accordingv to the Pittsburgh Business Times' Fall Commercialk Real Estate Guide. The fourth-largest business park in the Leetsdale Industrial has more than 2 millionh square feet of space withabourt 400,000 square feet available. Tenantse include FedEx SmartPost, and Shell Lubricants.

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