Furniture Chain Buys Rockland Warehouse for Regional Hub

SUFFERN, NY-Raymour & Flanigan has acquired the 892,943-square-foot Tri-State Logistics Center at 30 Dunnigan Dr. here, which the regional furniture retailer will renovate into a regional distribution center. Jones Lang LaSalle represented both Raymour & Flanigan and Ascena Retail Group, the property’s seller, which recently announced a headquarters move across the Rockland County border into New Jersey.

The purchase price for 30 Dunnigan was not disclosed. However, an announcement from Gov. Andrew Cuomo and the Empire State Development Corp. last month said the 65-year-old furniture chain would be spending $46 million to acquire and renovate the property, in the process creating 300 new jobs that would result in over $135 million in wages for local employees over the next decade.