Conshohocken, PA, March 4, 2015 – Bart Delfiner of Equity Retail Brokers recently represented the seller, Integral Development Associates, in the sale of a net leased La-Z-Boy and The Tile shop.
The 37,640 square foot building is situated on 3.69 acres and located within a major retail corridor in Montgomeryville, PA. Prominent surrounding retailers include Target, Giant, h.h. gregg, Barnes & Noble, Petsmart, Babies “R” Us & Bed Bath & Beyond.
La-Z-Boy Incorporated manufactures, markets, imports, distributes, and retails upholstery products, accessories, and casegoods furniture products in the United States and Canada. The company also produces reclining chairs and manufactures/distributes residential furniture in the United States. Its retail network comprises 313 La-Z-Boy Furniture Galleries stores and 565 Comfort Studios locations.
Tile Shop Holdings, Inc. operates as a specialty retailer of manufactured and natural stone tiles, setting and maintenance materials, and related accessories in the United States. It offers approximately 4,500 products, including ceramic, porcelain, glass, and stainless steel manufactured tiles; and marble, granite, quartz, sandstone, travertine, slate, and onyx natural tiles primarily under the proprietary Rush River and Fired Earth brand names. As of March 2, 2014, it operated over 100 stores in 30 states, with an average size of 22,500 square feet.
If you would like more information about this transaction or our investment sales services, please contact Bart Delfiner, 484.417.2217, bdelfiner@equityretailbrokers.com.
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