Rooms to Go buys land from Home Depot
The Atlanta Journal-Constitution
Furniture retailer Rooms to Go has bought the former Home Depot Expo store across Perimeter Mall for $20 million, according to Alan Wexler at DataBank, a real estate information company.
Built in 1993, the giant store (105,000 square feet) is on 8.4 acres in the prime retail market. Home Depot owned the land, but closed the Home Depot Expo this year when it shuttered several underperforming divisions.
Rooms to Go, based in Seffner, Fla., paid $191 per square foot.
“That’s a pretty good price in this market,” Wexler said. “It’s above what DeKalb County values the property at, which is $12 million.”
The sale closed on Aug. 5, he said. A spokesman for Home Depot confirmed the sale and a spokeswoman for Rooms to Go said the company will put a store on the site.
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