Carpet Maker to Build Warehouse in Cypress Park

Shaw Industries, the nation’s largest carpet manufacturer, will build a major warehouse in a Cypress business park where it will consolidate its Southern California operations, the Georgia company’s broker said Tuesday.

CB Commercial said that Shaw Industries signed a deal to build a 363,000-square-foot warehouse in the Warland Cypress Business Center at Valley View Street and Warland Drive. Terms of the deal were not disclosed.

The concrete building will allow Shaw Industries to bring together 140 workers now at two other facilities, a 100,000-square-foot building in the City of Industry and a 116,000-square-foot structure in Santa Fe Springs. The new building is to open in March, 1996.

Most of the workers will be transferred from the other facilities. The company will hire only to replace those who choose not to move, a Shaw spokesman said.

A CB Commercial broker said he believes that the deal is the largest in five years involving the construction of an industrial building to a leasing company’s specifications.

“This transaction is indicative of increasing opportunities in the build-to-suit market as the economy continues to improve and availability of premium facilities in the industrial market tightens up,” said Brian DeRevere, a broker in CB Commercial’s Anaheim office.

Shaw will have a 10-year lease on its 18.5-acre parcel. The warehouse will be in a 170-acre park that includes McDonnell Douglas, Bank of America and Mitsubishi Elevator Co. among its other tenants.

Shaw executives scouted several sites in the Southland but settled on Cypress because “we liked the community, (and) we liked the package that Warland put together,” said Don Larimerz, Shaw’s Los Angeles operations manager.

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Shaw Industries * Business: Carpet manufacturer * Headquarters: Dalton, Ga. * Chairman: Julius C. Shaw * Total employees: 20,000

Source: Standard & Poor’s Register; Researched by JANICE L. JONES / Los Angeles Times