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Home Depot Dumps Landscaping Stores02-11-08 | News

Home Depot Dumps Landscaping Stores




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Photo: Home Depot


Seeing opportunity in Home Depot’s failed foray into landscaping specialty stores, Ram Realty Services has paid the retailer $22 million for 11 sites in the Atlanta and Dallas areas.

Home Depot launched its Landscape Supply chain in 2002 but decided last year to close the stores. Landscape Supply included a greenhouse and sold plants, fertilizer, pavers and irrigation supplies, and rented tools.

Landscape Supply locations are in fast-growing suburbs, said Ken Baye, a senior vice president at Ram, which plans to resell the Dallas locations and a few of the Atlanta-area sites, keeping others for development projects.

The properties are essentially vacant land, Baye said, because the sites are 4.5 acres to 9 acres but each contains an empty store measuring only about 12,000 square feet.

In all, Ram Realty bought 74.4 acres from Home Depot

Source: Palm Beach Post

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