ALBUQUERQUE, N.M. — 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.