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England Piano Purchases New Atlanta Facility
England Piano recently purchased a 50,000 square
foot facility with visibility from Interstate 85 and within one-half mile of the
major Atlanta intersection of I-85 and I-285. The company reports an average of
425,000 cars pass the showroom daily.
"We plan to use 25,000 square feet for showroom
and warehouse," said Ron Nicholson, senior vice president of sales. "This
facility allows England Piano to enjoy over two times the display area compared
with its previous Atlanta location. More important, this facility will be able
to enhance its support of our numerous university sales, outside promotion
sales, truckload events, institutional business with school systems and
universities, and offers the music community a 200-seat concert hall. It
will also improve our quick distribution to the three retail stores we operate
in Metro Atlanta."
"We prefer to own the buildings we occupy," said
David England, president and CEO. "We believe the investment in such facilities
places us in a much stronger position in the marketplace. It's no secret that in
many industries the profit is to be made in the appreciation of real estate as
opposed to daily operating profits. While both are very important, properly
managed, one has no negative effect on the other."
England added that the facility has two other
leasing tenants to help pay for the investment.
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