Miami-based Kitchens By Us, a wholesale distributor of finished cabinetry, paid $2.9 million in late December to expand into Greater Orlando, buying a local warehouse to serve as a new distribution center.
Located at 4201 L.B. McLeod Road, the 5-acre property features two warehouse buildings totaling 21,800 square feet of conditioned area, dating to 1981. It was a long-time home to United Rentals.
The sale closed on Dec. 21, but was only recorded Jan. 9 in Orange County.
A family-owned and operated company active in South Florida since 2005, Kitchens By Us sells RTA (ready to assemble) face frame cabinetry for kitchens and vanities, without the cam-locks and brackets that are customary in American-style cabinetry.
The company's growth has been rapid in the past two years, and it has served clients in central and north Florida at a distance from its lone Miami facility.
"We work with some of the biggest construction companies, and are at capacity" for new business, co-owner Thoon-Seong Chew told GrowthSpotter. "We're a local, service-focused business. One of my biggest objectives is to help my son grow this bigger than what we are in Miami, so that's why we are investing. In the long-term, this (Orlando) property will only grow in value."
Main areas of business for Kitchens By Us have been in multifamily, hospitality and general wholesale distribution. New apartment development in Central Florida is of particular interest for the new Orlando facility, Chew said.
The company will not be manufacturing at the new Orlando warehouse, only assembling the cabinetry product from parts sourced from the United States and overseas, he said.
The buyer sourced a mortgage of more than $2.24 million from Wells Fargo Bank to finalize the acquisition.
The seller was TKlcc LLC, an investment affiliate of local commercial real estate brokers Cory Kroeger and Chuck McNulty, which previously paid $2.05 million in February 2016 for the property. McNulty Group, Inc. had been marketing the site for sale or lease.