ALBUQUERQUE, N.M. — Floor & Decor, a specialty hard-surface flooring retailer, opened the doors Thursday at its new Albuquerque location — the company’s first outlet in New Mexico.
The 75,000-square-foot retail store and design center opens with a team of 47 employees led by Matt Averill, the store’s chief executive merchant.
Albuquerque-area chambers of commerce officials and a city economic development representative welcomed the arrival of the business and hailed the new jobs during a ribbon-cutting ceremony at the newly built store, at 4936 Pan American Freeway NE. The ceremony was followed by a private industry event attended by hundreds of builders, contractors, architects, designers, installers and real estate agents.
The company’s Albuquerque landlord, Maestas Development Group, said construction costs totaled $10 million. Wilger Enterprises was the builder.
Floor & Decor, which is on a five-acre site formerly occupied by a storage warehouse, serves homeowners and professional contractors. The warehouse-size showroom carries more than one million square feet of in-stock flooring and offers free design services and how-to clinics.
The industry event was a chance to shake hands and show support for those in the community that Floor & Decor hopes to do business with in the years to come, said Tim Froning, who focuses on the company’s professional services division. He said a dedicated team serves construction industry professionals, who represent 60 to 70 percent of the company’s clientele.
Established in 2000 and headquartered in Atlanta, publicly-traded Floor & Decor offers ceramic, stone, tile, wood and laminate flooring. In addition, it stocks tools, decorative materials and accessories related to hard-surface flooring projects.
According to Investors Business Daily, all new Floor & Decor stores are located within five miles of a Home Depot and 91 percent of the outlets are within five miles of a Lowe’s.