Floor & Decor Outlets Sign $7 Million, 10-Year Lease
Floor & Decor Outlets of America Inc., an Atlanta-based retailer that specializes in tile, wood and stone, leased 50,536 square feet of retail space in Pembroke Pines. The deal is worth nearly $7 million over 10 years.
The new store, Floor & Decor's ninth Florida location, occupies a former JCPenney Home Store at 13650 Pines Blvd. and anchors a plaza that also houses Macy's Furniture Gallery and BJ's Wholesale Club.
The outlet had its grand opening Saturday.
It's one of 37 stores that Floor & Decor operates in 18 markets nationally. The company started in Georgia in 2000 and has since launched operations in 12 states. Its stores typically range from 60,000 to 80,000 square feet and stock about 2,500 products.
Sharon Dresser of Miami-based High Street Retail USA Inc. brokered the deal, representing owner NB Investment Inc. in Fort Lauderdale.