According to a report from The Real Deal, Pella Windows & Doors paid $45 million for a warehouse in Medley, Florida, as part of its acquisition of Lawson Industries.
An affiliate of Pella purchased the roughly 270,000-square-foot industrial building at 8401 and 8501 Northwest 90th Street. It’s occupied by the seller, Lawson Industries, and has served as its headquarters. The deal breaks down to about $167 a square foot.
In November, Pella acquired Lawson, an aluminum doors and windows manufacturing company with 300 employees that provides its services across Florida. Lawson bought the property for $2.5 million in 1999, and completed the warehouse the same year.
