Dreamstyle continues explosive growth - Albuquerque Journal

Dreamstyle continues explosive growth

201968
Dreamstyle Remodeling, whose product lines include Renewal by Andersen windows, is expanding its Albuquerque operation with the purchase of this 35,488-square-foot building in the area southwest of the Jefferson and Interstate 25 interchange. (Courtesy of Joel White)

Albuquerque-based Dreamstyle Remodeling, which now operates in five western states, is buying a 35,488-square-foot industrial building to house an expansion of both its regional back-office operations and local warehousing.

Though Dreamstyle initially planned to construct a new building for its expanding operations, the opportunity arose to buy an existing building that met its needs and provided savings in both time and money, said company president and CEO Larry Chavez.

“By purchasing this building, we were able to avoid significant construction time that we want to spend expanding our business,” he said.

The 35,488-square-foot building at 5520 Midway Park Place NE was lender-owned and marketed for sale for $3.5 million by Patti Peixotto, Hunter Greene and Joel White of Sperry Van Ness/Walt Arnold Brokerage. Jim Smith of CBRE was Dreamstyle’s broker in the purchase.

Dreamstyle, which opened its 20,000-square-foot showroom and office at 1460 N. Renaissance NE in the fall of 2014, is expected to hire 30-40 more employees over the first year or so of expanded operations, said company marketing director Dawn Dewey.

The way the space is split up in the Midway Park building, roughly half office and half warehouse, is suited to the company’s plan to use it for administrative support for its regional operations and warehousing for its original New Mexico operation, she said.

The Midway Park building will replace its current 3,000-square-foot leased location at 4500 Hawkins NE.

Founded in 1989, Dreamstyle has grown exponentially in recent years, much of it through Renewal by Andersen franchise agreements with Cottage Grove, Minn.-based Andersen Corp. The company said last summer it was projecting gross revenue of $75 million this year, more than double that of 2014.

Earlier this year in separate moves, the company expanded its existing operation in the Phoenix market and added the Boise/Idaho market to its Renewal by Andersen service area. A key addition to Dreamstyle’s operation was gaining the Renewal by Andersen franchise in San Diego in mid-2014.

Its other Andersen territories include El Paso, Tucson and northern Arizona. In addition to Andersen, the company’s product lines include Four Seasons Sunrooms, Cal Spas and Jacuzzi Hot Tubs. Dreamstyle also does home remodels.

Home » Business » Most Recent Biz News » Dreamstyle continues explosive growth


Albuquerque Journal and its reporters are committed to telling the stories of our community.

• Do you have a question you want someone to try to answer for you? Do you have a bright spot you want to share?
   We want to hear from you. Please email yourstory@abqjournal.com

taboola desktop

1
Outdoor rec projects receive $2M+ in state funding
ABQnews Seeker
The New Mexico Economic Development Department's ... The New Mexico Economic Development Department's Outdoor Recreation Division handed out more than $2 million to 20 projects statewide through its Outdoor Recreation Trails+ ...
2
What to consider before trying to avoid SALT limits
ABQnews Seeker
To fit the 2017 tax cut ... To fit the 2017 tax cut bill into the previously passed budget, which then allowed it to avoid the Senate filibuster rule through 'reconciliation,' ...
3
‘Dark manufacturing’ offers savings, comes with costs
ABQnews Seeker
Dark manufacturing. No, this is not ... Dark manufacturing. No, this is not clandestine manufacturing or a Darth Vader request to go over to the Dark Side. Rather, dark manufacturing, sometimes ...
4
ABQ shipping container firm embraces day-to-day variety
ABQnews Seeker
Retire at 53, that was the ... Retire at 53, that was the goal. But a decade later Pat Maloy, owner of Maloy Mobile Storage, is still putting in 70-hour weeks ...
5
Dow sinks to 2022 low as recession fears roil ...
Most Recent Biz News
Stocks fell sharply worldwide Friday on ... Stocks fell sharply worldwide Friday on worries an already slowing global economy could fall into recession as central banks raise the pressure with additional ...
6
Marijuana stays on sports doping banned list; opiate tramadol ...
ABQnews Seeker
Marijuana use will remain banned at ... Marijuana use will remain banned at sports events after the World Anti-Doping Agency on Friday resisted calls to change its status on the list ...
7
Asian stocks slide for 3rd day on economic growth ...
Most Recent Biz News
Asian stocks fell for a third ... Asian stocks fell for a third day Friday after more rate hikes by the Federal Reserve and other central banks to control persistent inflation ...
8
Over 1M Teslas recalled because windows can pinch fingers
Most Recent Biz News
Tesla is recalling nearly 1.1 million ... Tesla is recalling nearly 1.1 million vehicles in the U.S. because the windows can pinch a person's fingers when being rolled up. Tesla says ...
9
Fed attacks inflation with another big hike and expects ...
ABQnews Seeker
Intensifying its fight against high inflation, ... Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a ...