SUFFERN, NY-Raymour & Flanigan has acquiredthe 892,943-square-foot Tri-State Logistics Center at 30 DunniganDr. here, which the regional furniture retailer will renovate intoa regional distribution center. Jones Lang LaSallerepresented both Raymour & Flanigan and Ascena RetailGroup, the property’s seller, which recently announced aheadquarters move across the Rockland County border into NewJersey.

The purchase price for 30 Dunnigan was not disclosed. However,an announcement from Gov. Andrew Cuomo and theEmpire State Development Corp. last month said the 65-year-oldfurniture chain would be spending $46 million to acquire andrenovate the property, in the process creating 300 new jobs thatwould result in over $135 million in wages for local employees overthe next decade.

“We were able to uncover a number of potential buyers andtenants but felt that this deal was the best fit for our client andthe property,” says JLL managing director Robert C.Kossar, who represented Ascena, in a release. “Raymour& Flanigan clearly saw the benefits of this facility. In thismarket, there are very few options in this size range and with easyaccess to the New York State Thruway; the location is perfect forTri-State area distribution.”