COLUMBUS—DSW Inc., has purchased the holding firm, 810 AC LLC, that owned the company’s headquarters and 700,000-square-foot distribution center here for $72 million.
DSW Inc., a leading branded footwear and accessories retailer, today announced the acquisition of 810 AC LLC, which owns the corporate headquarters of DSW, as well as the distribution center and trailer lot on its home office campus.
Mike MacDonald, president and chief executive officer of DSW Inc., said in a statement that the acquisition reflects a commitment to growing the company by opening stores, expanding the DSW.com business and by adding new accounts to its Affiliated Business Group (formerly the Leased Business Division). "Purchasing the property secures our investment and ensures our ability to expand into additional office space," he said.
The company had previously leased approximately two thirds of the property included in the purchase. The company had 363 stores in 41 states, the District of Columbia and Puerto Rico.