La-Z-Boy has inked a new 220,800 square foot full-building lease in the Bowie section of Prince George’s County with MRP Industrial. Located at 16101 Queen’s Court within the Collington Park business community, the national furniture manufacturer intends to transfer its distribution and logistics operation there and out of its current location in Anne Arundel County. Situated on nearly 13 acres, the facility is equipped with 32 foot clear ceiling heights, 40 dock doors, two overhead drive-in doors along with a 185 foot truck court. The property is owned by MRP Industrial and AEW, on behalf of AEW Partners VII, L.P., the seventh in AEW’s opportunistic fund series. Lisa Goodwin, Senior Vice President of MRP Industrial and Lance Schwarz of NAI Michael represented the landlord, and Rob Tamillo, Zak Mirkowski, Todd Hughes and Greg Ferraro of JLL represented the tenant in this leasing transaction.
“Major national companies continue to recognize the significant economic and logistics benefits to establish or expand large-scale industrial and warehouse requirements within Prince George’s County, and this long-term lease demonstrates the latest example of this ongoing trend,” explained D. Reid Townsend, Co-Founder and Principal of MRP Industrial. “La-Z-Boy conducted a multi-county search and their real estate decision reflects the modern transportation network, high-quality labor force and overall business-friendly environment that exists in Prince George’s County.”
