Power Home Remodeling, a Pennsylvania-based residential remodeling company, has acquired a Tempe industrial building to gain a foothold in the Valley and plans to hire 200 people for sales, customer development and installation services jobs.
According to real estate database Vizzda, the company bought the 35,665-square-foot space for $4.69 million. Keith Lammersen and Brad Crosley of JLL represented Power Home Remodeling in the acquisition. Bob Kling of Lee & Associates represented the seller, Rankin LLC.
“Arizona is the perfect location for Power to continue to grow and expand into the western parts of the United States,” said Adam Kaliner, Power Home Remodeling co-founder, in a statement. “Where we go next is ultimately up to our employees, as they drive our expansion strategy. They are thrilled to be able to relocate to this new city, build relationships with the community and introduce Power to homeowners.”
Power Home Remodeling is based in Chester, a suburb just west of Philadelphia.
The company will move into its new building in the Warner Crossing complex at 8240 S. Hardy Drive during first quarter 2020.
“Power Home Remodeling is making a notable, long-term investment in Arizona,” Lammersen said in a statement. “They’ve picked a location with the configuration, parking and employment demographics to support their growth plans and to continue to thrive in our market. It was a pleasure to assist them with that process.”