Strouds to move. (Real Estate).

Home decor retailer Strouds is itself moving into new digs.

Strouds Building LLC, an affiliate of Strouds Acquisition Corp., purchased a 159,000 square-foot-building at Plantation Business Park in City of Industry for $9 million, and will be moving from its NogalesStreet headquarters

The purchase allows Strouds to consolidate its three City of Industry operations totaling 190,000 square feet into one operations and distribution center. The move also signals progress for a 23-year-old company that was brought out of bankruptcy for $39.5 million last spring.

"It's a new company and it's time for a new building and new image' said Jullen J. Studley Inc. Managing Director David Y. Cantwell, who represented Strouds on the deal.

Strouds will add 25,000 square feet of mezzanine offices to the structure, which was completed 14 months ago and has never been occupied.

The new site was the last building completed at the 10-building, 2-million-square foot Plantation Business Park, which was developed by Anaheim-based Koll Development Co. during the last two years. All the buildings have been either purchased by owner-users or leased, according to Lee & Associates' Chris Bonney, who represented the seller, Ringwood Avenue Properties LLC.

Staff reporter Danny King can be reached at (323) 549-5225 ext. 230, or at dking@labusinessjournal.com.