Conn’s HomePlus, which intends to open a Jacksonville retail store in the Regency area of Arlington, also is setting up a cross-dock warehouse in Northwest Jacksonville.
The city issued a permit July 19 for Action Retail Construction Services of Winter Garden to build-out a 20,170-square-foot warehouse in Lane Industrial Park Building 1 at a cost of $260,000.
With cross-docking, products are unloaded from a truck, sorted and reloaded onto outbound trucks for delivery.
Conn Appliances Inc. is based in The Woodlands, Texas, near Houston.
Conn’s HomePlus, a furniture, mattresses, home appliances and consumer electronics retailer, intends to open its first Jacksonville store in the closed Rooms To Go near Regency Square Mall.
The city is reviewing building permit applications for interior demolition and build-out of the 29,934-square-foot space at 9278 Arlington Expressway in the Regency Court Shopping Center.
DLP Construction Inc. of Alpharetta, Georgia, is the contractor for the project to demolish the space at $20,000 and build-out the interior at $600,000 for Conn’s HomePlus.
Conn’s HomePlus operates more than 160 locations across 15 primarily Sunbelt states, including 13 in Florida. Those are in Altamonte, Bradenton, Daytona Beach, Kissimmee, Lakeland, Ocala, Orange City, Pensacola, Port Richey, Tampa and three in Orlando.
It calls itself “a specialty retailer with a unique retail + credit business model.”
Conn’s website conns.com said the company started more than 130 years ago as a small plumbing and heating company in Beaumont, Texas.
“Today, we are a growing company with over $1.5 billion in annual revenue and more than 4,000 employees across the southern United States,” it says.
“With the strong belief that everyone deserves a home they love, our mission is to elevate our customer’s home life to home love.”
Conn’s Home Plus said its primary product categories include furniture and mattresses; home appliances; consumer electronics; and home office equipment and accessories.
It also offers seasonal products.
Conn’s offers in-house credit options for customers in addition to third-party financing programs and third-party lease-to-own payment plans.
Conn’s Inc. said March 29 that sales rose 22.7% in fiscal 2022, which ended Jan. 31, despite industrywide supply chain challenges and the COVID-19 omicron variant in the fourth quarter, “reflecting the continued success of our strategic growth plan, our differentiated value proposition and the hard work and dedication of our team members.”
In its annual Securities and Exchange Commission filing, the company said it had 160 stores as of Jan. 31.
It said that during fiscal 2023, it plans to open 13 to 16 new stores in existing states to leverage current infrastructure.
Conn’s HomePlus along with Cenntro, Forward Air and an undisclosed tenant are fully leasing the 160,000-square-foot Lane Industrial Park building.
Jax Industrial One Ltd., the Coral Gables developer led by former Florida Lt. Gov. Carlos Lopez-Cantera, sold the building July 5 to New York City-based Bluerock Real Estate L.L.C. for $19.13 million.
Cenntro Electric Group Ltd. will lease 100,000 square feet for its first U.S. manufacturing facility of electric vehicles that are used for logistics and delivery, maintenance, warehouse and at airports.
Forward Air will lease 20,000 square feet.
Colliers Executive Director Guy Preston and Associate Director Seda Preston in Jacksonville and Ryan Vaught, executive managing director of industrial capital markets in the Southeast U.S. Region in Tampa, represented the seller in the sale.
Guy Preston and Seda Preston comprise the leasing team for the property.
Lane Industrial Park is designed for two 160,000-square-foot warehouses at northwest Lane Avenue and 12th Street.
Building 2 is under construction for delivery for tenant build-out the first quarter of 2023.
