PRZOOM - /newswire/ -
Palmdale, CA, United States, 2009/09/23 - Hodgdon Group represented Ashley Furniture HomeStore in a lease transaction at the Sierra Commons shopping center in Palmdale, CA. Hodgdon also performed due diligence review on behalf of Ashley.
Inland Empire-based Hodgdon Group announced today that Aaron Hodgdon, president of Hodgdon Group, represented Ashley Furniture HomeStore in a lease transaction to occupy the former 42,000 sq. ft. Wickes Furniture Store building in the Sierra Commons shopping center, located across from the Antelope Valley Mall in Palmdale, Calif. Hodgdon also performed due diligence review on behalf of Ashley. The landlord, GRAE Ventures, LLC of Los Angeles, was represented by Rick Edwards and Winston Lee of GRAE Ventures in the lease transaction.
Located at the northeast corner of Avenue P and 10th Street West, Ashley Furniture HomeStore will join tenants Michaels, BevMo, Tuesday Morning and Applebee’s. Ashley Furniture is the No. 1 manufacturer and retailer of furniture in North America; the stores provide every furniture need for the home.
Hodgdon-Miank Construction, a full-service construction company also based in the Inland Empire, has commenced as the Design Build contractor on the tenant improvements with Dan Wallner serving as the project manager. Ashley Furniture HomeStore plans to open on October 2, 2009.
Recently, Hodgdon Group represented Ashley Furniture Industries, Inc. in the purchase of two industrial buildings totaling approximately 439,000 sq. ft. in Colton, Calif. Rick John of Collins Commercial in Ontario, Calif., worked with Aaron Hodgdon in representing Ashley in this transaction.
"This transaction is one of the largest user-sale transactions in Southern California this year," said John. The transaction consisted of a 312,000 sq. ft. building and a 127,000 sq. ft. building located on 19.3 acres in the Cooley Ranch Industrial Park in Colton. This expands Ashley's campus to approximately 1.4 million sq. ft. total in the area. The Hodgdon Group has represented Ashley Furniture Industries for the last 10 years on the development, purchase and leasing of over two million square feet of industrial and manufacturing space, and is the exclusive representative for the Ashley Furniture Home Stores for retail real estate.
The Hodgdon Group (hodgdongroup.com) is a full-service real estate brokerage, development and construction management company for all of types of real estate projects; and has constructed a variety of medical office buildings through its general contracting division, Hodgdon-Miank Construction. For more information about the Hodgdon Group, please call Aaron Hodgdon at 909.783.3020.