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December 5, 2023
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La-Z-Boy Manufacturing Facility in the Inland Empire Sells for $11.5 Mil


A 193.5k sf La-Z-Boy manufacturing facility in Redlands has sold for $11.5 mil, or $59/sf. The property, located at 301 Tennessee St, was acquired by ACC BLD LLC, an entity of ESRI. The company is an international supplier of geographic information system software.

La-Z-Boy is moving its operations out of the area and its production to other North American facilities. ESRI is expanding its presence in the Redlands area. They plan to use a portion of the building for a few years while leasing the remaining space, and eventually occupy the entire building.

Mark Lyon with Kidder Mathews represented the buyer in the transaction. According to Lyon, this was a value-add transaction with an aggressive purchase price for this region where manufacturing facilities such as this have been in low demand compared to generic warehouses.

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