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In Newburgh, Caldor opens 500,000 sf distribution ctr.

National Realty Developmemt Corp. of Purchase, New York, has announced the opening of Caldor Corp.'s new 500,000-square-foot distribution center at Northeast Business Center on Route 17K in Newburgh, New York.

The distribution center built for the exclusive use of Caldor is located on a 50.51-acre parcel within the 140 acre 1.475 million-square-foot Northeast BusinssCenter complex.

CaldorCorp. Searched for more than a year for a second major distribution facility to serve its expanding needs.

Caldor plans to add 60 new stores by 1995. They currently operate 136 stores in nine New England and Mid-Atlantic states. In 1991, Caldor posted sales of $1.87 billion and is traded on the New York Stock Exchange under the listing CLD.

Northeast Business Center is a triventure of National Realty & Development Corp., The Mack Company of Rochelle Park, New Jersey, and the Robert Martin Company of Elmsford, New York who together have developed, own, and manage over 30 million square feet of commercial real estate.
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Title Annotation:Caldor Inc. unveils 500,000 square foot distribution center in Newburgh, New York
Publication:Real Estate Weekly
Date:Jan 6, 1993
Words:164
Previous Article:Edward A. Kulikowski.
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