Best Buy Co. Inc. has opened a new distribution center in Compton, California that will ship big-screen TVs, major appliances and other large products to stores and customers’ homes across the Los Angeles area.
The center at 1701 N. Central Ave. employs about 90 workers and will increase that to 125 for the upcoming holiday season.
Richfield, Minnesota-based Best Buy (NYSE: BBY), which first entered Compton when it opened a store there 10 years ago, said the new distribution center will deepen the company’s roots in the community.
As a show of that commitment, Best Buy employees during the center’s grand opening on Wednesday built 40 bicycles for Peace 4 Kids, a local nonprofit that supports youth in the foster system. The company said it also will donate money to four local organizations in Compton.
The event also featured remarks from Best Buy officials, Compton Mayor Aja Brown, Compton Councilwoman Janna Zurita, and U.S. Rep. Nanette Barragan (D-California), as well as music from the Compton High School marching band.
In April, Best Buy signed a 10-year lease for 479,310 square feet of industrial space at The Brickyard, a 58-acre project built on a former brick manufacturing site in Compton. The Brickyard’s other major tenant is United Parcel Service, which leased 522,000 square feet of space last year in a deal valued at more than $44 million, according to the Real Deal.
Best Buy also has a distribution facility in Chino, about 40 miles east of Compton.
Founded in 1966, Best Buy has more than 1,500 stores in North America, including large-format and Best Buy Mobile stores, and employs more than 125,000 people. According to the company, more than 70 percent of the U.S. population lives within 15 minutes of a Best Buy store, as well as in Canada and Mexico, where Best Buy has an online and a physical presence.
By I-Chun Chen, Correspondent, L.A. Biz
Oct 19, 2017, 1:00pm PDT