DSW Inc., a footwear and accessories retailer with 363 stores in 41 states, announced this week that it had acquired 810 AC LLC, the holding company that owned DSW's corporate headquarters and distribution center. DSW paid $72 million in cash for the headquarters at 810 DSW Drive in Columbus, Ohio, as well as its 700,000 square foot distribution center and trailer lot on its home office campus. DSW had previously leased approximately two thirds of the property included in the purchase.
"Today's acquisition reflects our continued commitment to growing DSW in the future by opening stores, expanding our DSW.com business and by adding new accounts to our Affiliated Business Group (formerly the Leased Business Division)," stated Mike MacDonald, President and Chief Executive Officer of DSW Inc. The company recently completed the $15 million installation of an automatic sortation facility in the distribution center to support its size replenishment program. Mr. MacDonald continued, "Purchasing the property secures our investment and ensures our ability to expand into additional office space to support DSW's continued growth."
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