HomeGoods confirms deal for potential purchase of 290 acres in Lordstown
HomeGoods, a division of The TJX Companies Inc., has confirmed it signed purchase and sale agreements for the potential purchase of about 290 acres on Bailey Road in Lordstown.
“We are optimistic that we may build an approximately 1.2 million square-foot distribution center, pending completion of due diligence and receipt of appropriate approvals and incentives,” the company said in a statement. “This distribution center will help service the company’s growing network of HomeGoods stores, and, assuming full project approval, we hope to have the facility completed in 2020.”
The company expects to create about 1,000 jobs during the first five years of the facility’s operation, and expects to commit about $160 million to the land, facility and equipment.
The company will be in town Monday for a 6:30 p.m. meeting about the project in the Community Room of the Lordstown Administration Building located at 1455 Salt Spring Road.