POCOMOKE CITY -- Northeastern Supply Inc. is buying a warehouse property held by a lumber yard that abruptly closed in early 2009.The company, one of the region's fastest-growing businesses, just bought the former 84 Lumber company facility on Ocean Highway, in a transaction handled by Sperry Van Ness-Miller Commercial Real Estate.
Headquartered in Baltimore, Northeastern Supply distributes a variety of products used by the construction industry, including plumbing, heating, air conditioning, water systems, hardware and lighting supplies.
"We have been asked by many professional contractors to locate in this area, and this is just another example of what we will do to bring our products and services closer to our customers," said Steve Cook, president and CEO of Northeastern Supply, which operates 33 branches throughout Delaware, Maryland, Pennsylvania, Virginia and West Virginia.
The facility, which sits on just under 17 acres, contains a 21,000-square-foot main facility and two 8,000-square-foot storage facilities, according to Sperry Van Ness. It is on track to become the 34th branch of Northeastern Supply.
The Pocomoke 84 Lumber location was one of nine stores nationwide that went out of business on Feb. 9, 2009, as the retailer attempted to streamline operations in the face of declining revenues. Its inventory and some of its seven-member staff were transferred to the Fruitland store. At the time, a corporate spokesman said the downturn in the overall housing market hurt the store's bottom line and prompted the closing.
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