Benjamin Moore opens new West Coast DC
Benjamin Moore & Co. is buffing up its West Coast presence with the opening of a new distribution center in Oakland, California.
The Oakland DC — what is now known as the Goodman Logistics Center — will support the full line of Benjamin Moore products and will eventually serve as the key distribution center for retailers and distributors in the Asia Pacific region.
Benjamin Moore also announced plans to expand its operations in the Southeast later this year, as well as in the Mid-Atlantic region by mid-2015.
“Benjamin Moore & Co.’s business continues to grow, and with it the demand for increased distribution and fulfillment operations to deliver our best in class products to our network of independent retailers and customers,” said Mike Searles, president and CEO of Benjamin Moore & Co. “We’re committed to being the best partner for our retailers in every way and with this new distribution center customers can expect to see many new Benjamin Moore stores opening.”
The Goodman Logistics Center is a nearly 375,000-sq.-ft. facility providing Class A industrial warehouse space. It will be leased to Benjamin Moore by Goodman Birtcher North America on behalf of the owner, Goodman North American Partnership.
“Benjamin Moore & Co. is a welcomed addition to Oakland’s vibrant business community which will generate jobs for our residents,” said Oakland Mayor Jean Quan. “With the facility’s central location in Oakland, Benjamin Moore & Co. will have unparalleled connections to port, rail and highway systems.”
The center is also Benjamin Moore’s first Silver LEED certified site. The new facility is set to open by early 2015.
TRI Pointe moves into 7 new communities
Not long after its $2.8 billion merger with Weyerhaeuser Real Estate Company (WRECO), TRI Pointe is making a significant expansion in the form of 649 lots throughout seven new communities in California, Nevada, Washington state and Virginia.
“As was our practice before the merger with WRECO, TRI Pointe employs a disciplined land strategy with a focus on acquiring lots in prime locations along major transportation and employment centers,” TRI Pointe CEO Douglas Bauer said. “With the merger complete, we are an even more well-capitalized company with the ability to generate substantial cash flow and profits from homebuilding as well as strategic land sales for many years to come. These most recent acquisitions will help us build on the strong foundation we have established and drive long-term growth.”
The newly acquired lots are located in Irvine, Corona and Hansen Village in California; Clark County in Nevada; Lacey and Redmond in Washington; and Prince William County in Virginia.
TRI Pointe is now one of the 10 largest public homebuilders in the country by equity market capitalization. The move has placed its land inventory at a total of 31,000 owned or controlled lots, 19,000 of which are located in California.
Kwikset adds to lever, deadbolt collection
Kwikset is adding a couple more modern options to its collection of levers and deadbolts: Halifax, a square lever and deadbolt, and Milan, a sleek, round lever and deadbolt.
"Recognizing the increase in homeowners looking to incorporate contemporary design, Kwikset is offering an accessible option for a range of buyers with our new Halifax and Milan levers and deadbolts," said Marty Hoffmann, VP marketing, Kwikset. "The square and round contemporary designs combine sophistication and simplicity, making them the ideal accents for a modern or transitional home."
Beyond providing homeowners with additional design options, the addition of the Halifax and Milan pieces is a response to the growing demand for universal design features.
Both the Halifax and Milan come equipped with a Kwikset Signature Series-first ADA-compliant push button, which makes it easy to lock and unlock.
The products will be offered in a range of finishes, including Venetian Bronze, Satin Nickel, Polished Chrome and Satin Chrome.