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Room & Board to Open New Distribution Center in Rogers, Minn.

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Room & Board, a Minneapolis-based furniture retailer offering unique home furnishings that combine classic, simple design and exceptional quality, announced today it will relocate its Minneapolis distribution center to Rogers, Minn. in May 2005. The new distribution center will help support the growth of Room & Board -- which recently expanded into the New York market and plans to open a store in San Francisco later this spring. The new location will house Room & Board's entire furniture inventory and will service all of the retailer's locations nationwide. Room & Board has signed a six-year lease for the building, which is located at 215 South Diamond Lake Road in Rogers. The building, which was built in 2004, is approximately 200,000 square feet, has 32-foot high ceilings and offers 18 docks. Room & Board will be the building's first tenet. Room & Board's delivery operations, including the customer pick-up area, will remain at its current location. All 25 Room & Board employees currently working at the company's Minneapolis distribution center will relocate to the new location 25 minutes from Minneapolis. Jerry Testa will be the new distribution center's manager. Tom Hauschild of the Tegra Group has been instrumental in Room & Board's property acquisitions over the past three years, including the new distribution center in Rogers. Tegra Group partners with companies to assist them in all aspects of property acquisition and management, from accessing their needs and seeking out sites to acquiring new properties, negotiating financing and working with property managers. The listing agent for the Rogers property was James DePietro of CB Ellis, and Marfield Belgarde & Yaffe are the property managers. About Room & Board Room & Board is a Minneapolis-based furniture retailer offering unique home furnishings that combine classic, simple design and exceptional quality. For more than 25 years, Room & Board professionals have helped people furnish their homes, translating their passion for well-designed home furnishings into outstanding value for customers. Room & Board has stores in Minneapolis, Denver, Chicago, California, and New York, and makes its unique collection of home furnishings available nationally through Shop From Home, which includes a catalog, Web site, a team of knowledgeable Design Associates to help with the selection process and a professional, in-home delivery service. For more information on Room & Board, visit http://www.roomandboard.com/ or call 800-486-6554 to order a catalog.

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