BRICK, NJ-Furniture retailer Raymour & Flanigan is constructing a new 40,000-sf showroom and sales center here. The two-story outlet is rising on a four-acre pad site along Route 70 in this Ocean County community, with an opening slated for the summer of 2007. The site was acquired recently from Grimsley Development Inc. of New Hope, PA for an undisclosed price.

“Raymour & Flanigan is one of the fastest growing retailers in the Northeast,” says Jeff Lagowitz of Metro Commercial Real Estate Inc., who co-brokered the sale of the parcel with Metro Commercial colleague Steven Gartner. “This location is ideal – it’s situated next to a Lowe’s Home Improvement store. That creates a one-stop shopping opportunity.”

Raymour & Flanigan has grown to be the seventh largest conventional furniture and bedding retailer in the US. Besides New Jersey, the chain operates stores in Connecticut, Delaware, Massachusetts, Pennsylvania and its home state of New York.

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