Expanding its Presence in U.S. and Southeast, IKEA Breaks Ground for First...

Expanding its Presence in U.S. and Southeast, IKEA Breaks Ground for First Florida Store in City of Sunrise

Swedish retailer to open IKEA Sunrise, its 2nd southeastern store, in Summer 2007


Sunrise, FL–(HISPANIC PR WIRE)–October 25, 2006–With company representatives, local government officials and community leaders on-hand, IKEA, the world’s leading home furnishings retailer, today officially broke ground for its future store in Sunrise, FL. Until the 293,000 square-foot future IKEA Sunrise opens Summer 2007 in Broward County, customers can shop at the closest IKEA store, which opened June 2005 in Atlanta, or online at http://www.IKEA.com. (Additionally, another Florida store is slated to open Fall 2007 in Orlando.)

Under construction at the northwestern corner of I-595/SR-84 and N.W. 136th Avenue, the 20-acre IKEA site is located in the planned 25-acre ‘Gateway at Sawgrass,’ a new retail center being built by Ft. Lauderdale-based Stiles Corporation. The future IKEA Sunrise will reflect the unique architectural design for which IKEA stores are known worldwide, and will be adjacent to 40,000 s.f. of first-class specialty retail shops and restaurants to be developed by Stiles on more than five acres along N.W. 136th Avenue.

“We are thrilled to be entering South Florida with this perfect opportunity in Sunrise,” said David Iemolo, IKEA real estate director. “Stiles’ long-standing commitment to this location, paired with the City’s dedication to quality development, is resulting in a distinctive, high-profile project. Today’s milestone is another major step forward to achieving that goal.”

IKEA Sunrise will feature nearly 10,000 exclusively designed items, three model homes, 50 room settings, a supervised children’s play area, as well as a 250-seat restaurant serving Swedish specialties such as meatballs with lingonberries and salmon plates, as well as American dishes. Other family-friendly features will include a ‘Children’s IKEA’ area in the showroom, baby care rooms, preferred parking and play areas throughout the store.

“We look forward to bringing IKEA closer to existing customers – while also introducing our unique family-friendly shopping experience to new customers in South Florida,” continued Iemolo. “We also are eager to welcome the 350 coworkers who will join the IKEA family when the new store opens.” 500 construction jobs will have been created by this project, which will provide significant annual sales and property tax revenue for local governments and schools.

There currently are more than 240 IKEA stores in 34 countries, including 28 in the U.S., where the company plans to open three to five stores a year. Other U.S. stores are being planned in: Brooklyn, NY; Draper, UT; Dublin, CA; Orlando, FL; Portland, OR; Round Rock, TX; Somerville, MA; and West Chester, OH.

Since its 1943 founding in Sweden, IKEA has offered a wide range of home furnishings and accessories of good design and function, at low prices so the majority of the people can afford them. IKEA has been ranked in FORTUNE’s annual “100 Best Companies to Work For” List (two years in a row), Working Mother magazine’s annual list of “100 Best Companies for Working Mothers” (four years in a row) and Training magazine’s annual “Top 100” ranking of companies that excel at human capital development (four years in a row). IKEA incorporates environmentally and socially responsible efforts into day-to-day business, and continuously supports initiatives that benefit causes such as children and the environment. To visit the IKEA Web site or for information about working at IKEA, please go to http://www.IKEA-usa.com.

Expanding its Presence in U.S. and Southeast, IKEA Breaks Ground for First Florida Store in City of Sunrise