Ace Hardware building Virginia warehouse?
Workers have been clearing land for what might be a large Ace Hardware distribution center in Suffolk, Va., according to an article in the Virginia Pilot.
The Suffolk site is part of a planned 5.8 million-sq.-ft. complex under development on 900 acres by CenterPoint Properties Trust, which is based in Oak Brook, Ill., where Ace is also headquartered.
Last June, the co-op was making local inquiries in the Suffolk area about its need for a 300,000-sq.-ft.-plus warehouse, according to a building specifications request obtained by The Pilot.
Ace’s request for bids said the warehouse would need to be 400 ft. by 750 ft. with 80 dock doors. The retailer wanted to be able to expand to 500,000 sq. ft., the article said.
An Ace Hardware spokeswoman declined to comment on the distribution center when contacted by the newspaper, as did a commercial real estate broker for CB Richard Ellis, which is marketing the site for CenterPoint.
Kevin Hughes, Suffolk’s economic development director, was quoted as saying: "I’m not ready or able to discuss that at this point."
Workers at the building site told passers-by that the project was for Ace, the article reported.
When contacted by Home Channel News, an Ace Hardware spokesman declined to comment.
Florida’s East Coast Lumber teams with Ace Hardware
East Coast Lumber Co. has taken on the Ace banner and embraced hardware sales as a strategy to ride out the recession, according to an article in TCPalm.com.
Before the recession, East Coast Lumber’s sales were dominated by conctractors — about 90%, according to the article. That changed to about 50%, with the rest being consumers and DIYers. With the new Ace partnership, the company believes it is giving consumers what they’re asking for.
The Fort Pierce store is the second East Coast Lumber Co. location to take on an Ace banner for its hardware offerings. Another Ace banner is up at the company’s Cocoa Beach location and has been since June. East Coast operates five lumberyard locations.
In Indonesia, Do it Best shows growth
Do it Best Corp. announced the soft opening of the first four Pongs Do it Best Home Centers in Jakarta, Indonesia, earlier this month.
With the openings in Indonesia, the Fort Wayne, Ind.-based co-op expanded its customer base to 50 countries.
“The opening of these stores, with plans for more ahead, will add significantly to our presence in the region,” said Bob Taylor, president and CEO of Do it Best Corp., who was in Jakarta for the openings. “The most important step for Do it Best Corp. is finding the right independent retailers to partner with in our international markets, people with strong leadership skills and a demonstrated track record of success in their marketplace. Our exclusive partner in Indonesia, Paulus Ong, is a great example of exactly that important combination.”
Ong recently signed an agreement with Do it Best Corp. to develop the Do it Best brand in Indonesia, and the opening of these stores is the first step in a long-term growth plan with Do it Best Corp. in the country.
The first four Pongs Do it Best Home Centers in Jakarta encompass more than 100,000 sq. ft. of combined retail space. Ong’s five-year plan is to open a total of 40 Do it Best stores consisting of three formats – convenience stores, super stores and hyper stores – covering a total of 500,000 sq. ft.