Ashley Furniture to open store in Oak Pointe
Posted: November 5, 2010
TBL has learned that Oak Pointe Plaza Partners and Arcadia,WI-based Ashley Furniture Industries Inc. have entered into a lease agreement for the 36,000 square feet formerly occupied by Linens & Things at Oak Pointe Plaza, 4068 Commonwealth Ave., Eau Claire. The parties will begin construction on the new Ashley Furniture HomeStore later this month and will open sometime in the spring, 2011.
Ashley Furniture has more than 400 HomeStores throughout the country after hitting the 100-store mark in 2003. In 2007, Ashley Furniture HomeStore passed Wal-Mart to become the top retailer of furniture and bedding in the United States.
"In less than 10 years, we have become the number one selling furniture brand in the world and number one retailer of furniture and bedding in the United States," said Ashley Senior Vice President Ben Thorud.
The new Ashley Furniture HomeStore will be a corporate-owned store, however most of the other operations are independently-owned. Other Wisconsin outlets are in Franklin, Green Bay, Grand Chute, Kenosha and Madison.
"There are two other retailers in the Eau Claire market finalizing plans and lease negotiations for space at Oak Pointe Plaza that intend to open later in 2011," said David Sanders of Mid States Development Inc., who represented Oak Pointe Partners. "This starts to restore confidence in the local business community," he said.
Al Taft of AFT Real Estate represented Ashley Furniture. TBL