Nebraska Furniture Mart closes on Dallas-area property
Plan on track to develop company's largest store there
Gary Evans -- Furniture Today, December 15, 2011
DALLAS — Nebraska Furniture Mart has closed on 433 acres here, clearing the way for the Omaha, Neb.-based retailer to build its fourth and largest store in The Colony, a north Dallas suburb.
Citybizlist.com, a Dallas real estate website, which reported the closing, said other buyers also had invested in property near the NFM parcel. The mixed use development is expected to require an investment of $1.5 billion.
In an earlier interview with Furniture/Today, executives at Nebraska Furniture Mart said tentative plans were for construction of a 1.8-million-square-foot complex with a 546,000-square-foot showroom. NFM estimated that the store could do $600 million to $800 million in annual sales.
The store would be part of large development that would include other retailers, hotels, a convention center, and other businesses.
In November, NFM said it would likely begin construction in the spring, with completion some time in 2015.
-
NFM closes on land for Dallas store
Dec 21, 2011
Merinos Home Furnishings opening display room, Boyles addition
‘Mega vessels' likely to boost capacity, stabilize freight rates
HOM Furniture adds flooring to six Twin Cities stores
Dan Masters joins Furniture Brands as VP, business development
21 companies from Turkey, Taiwan and China to exhibit at Showtime




























