Menards buys Ohio shopping center for $5.4 million
It’s official: Menards will open a new store in Miami Township, Ohio, after demolishing a shopping center it purchased on Aug. 24 for $5.36 million.
According to the Dayton Business Journal, the 201,000-sq.-ft. plaza, called Lyons Crossing, was anchored by Walmart before the discount merchant moved to another location. The remaining stores will be torn down to make way for the construction of a $9 million Menards store.
Township administrator Greg Hanahan told the newspaper that the township’s work with Menards is “full speed ahead.” The Menards property will be brought into the township’s existing joint economic development district as part of the plans.
Based in Eau Claire, Wis., Menards operates more than 250 home improvement stores in 12 states, including two locations in the Dayton area, in Tipp City and Sidney. Both existing Dayton-area stores occupy at least 200,000 sq. ft. of space. The closest Menards to Miami Township is in Hamilton.
Lowe’s to build another Georgia distribution center
Mooresville, N.C.-based Lowe’s will build a 1.4 million-sq.-ft. distribution center in Rome, Ga., according to an article in the Charlotte Business Journal.
The distribution center, described by the newspaper as a $125 million facility, will begin serving Lowe’s stores in western Georgia, northern Florida and Alabama beginning in 2013. It’s located in the North Floyd Industrial Park.
Lowe’s also operates three other supply-chain facilities in Georgia. These are located in Palmetto, Savannah and Valdosta.
Valdosta is also the site of a Home Depot rapid deployment center.
Manasquan Premium Fasteners expands product line
Brick, N.J.-based Manasquan Premium Fasteners, a provider of stainless steel fasteners to the residential, commercial and marine construction industries, has expanded its inventory with product offerings from Starborn Industries and Simpson Strong-Tie, as well as the addition of six lobe star drive stainless steel screws for wood and composites.
Specific additions to the product line include Smart-Bit Pro Plug System designed by Starborn Industries and Simpson Strong-Tie Stainless Steel Framing Connectors and Seismic & Hurricane Ties.