ATLANTA-Weeks Robinson Properties today announced Restoration Hardware has signed a 15-year lease for a 1.2 million square foot warehouse facility at Trade Center 95 in Cecil County, Maryland, near Baltimore. This location will serve as Restoration Hardware’s East Coast furniture distribution center.
“It is an affirmation of our decision to invest in the Baltimore/Washington markets--one of the stronger industrial markets in the country. The large vacant building and the ability to deliver an additional 600,000 square feet mid-2012 were important factors for Restoration Hardware”
Restoration Hardware will move into an existing 600,000 sq. ft. building in January 2012. Adjacent to this structure, Weeks Robinson will build an additional 600,000 sq. ft. facility. These “state of the art” logistics buildings will feature 32 feet of clear height in the warehouse and large truck area and trailer storage. Restoration Hardware is scheduled to occupy the second building in the fall of 2012.
Weeks Robinson acquired Trade Center 95 in August of this year. The property is located just off I-95 and Hwy. 40 – a major distribution corridor 40 miles north of Baltimore, 55 miles south of Philadelphia and 155 miles from New York City.
“This is one of the largest industrial leases signed in 2011 in the US,” said Forrest Robinson, CEO of Weeks Robinson Properties. “It is an affirmation of our decision to invest in the Baltimore/Washington markets--one of the stronger industrial markets in the country. The large vacant building and the ability to deliver an additional 600,000 square feet mid-2012 were important factors for Restoration Hardware,” Robinson added.
Restoration Hardware (www.restorationhardware.com) is the country's leading premium home lifestyle brand, operating stores and an e-commerce web site in the United States and Canada. The Company also mails the Restoration Hardware Home, Garden, Outdoor, Baby & Child, and Gift catalogs to millions of home centered consumers throughout the year.
Carl Mullis out of CBRE’s Atlanta Office represented Restoration Hardware. Mullis has served as a strategic real estate advisor to Restoration Hardware since 2006; the brokerage team has negotiated over 3.6 million square feet on a national level. Mullis stated, “Weeks Robinson presented a winning solution to our client by addressing immediate capacity issues, planning for growth and keeping within the budget; Trade Center 95 created a win-win partnership for all parties.” Forrest Robinson represented Weeks Robinson.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2010 revenue). Please visit our Web site at www.cbre.com.
Weeks Robinson is a real estate investment and development company focused on acquisition and development of institutional-quality industrial warehouse properties. Its target markets include Atlanta, Texas, Mid-Atlantic States and Florida. Its current holdings total 3,478,856 square feet.
For more information about Weeks Robinson Properties, please call Forrest Robinson at 404-815-2000, or visit www.WeeksRobinson.com.
Have something to say? Share your thoughts with us in the comments below.