Lowe's to Build Flatbed Distribution Center

Mooresville, NC, January 10, 2007--Lowe's said it plans for a new flatbed distribution center in the Port of Stockton, California. The company will retrofit two existing 120,000 square foot buildings located on Luce Avenue in the Port of Stockton. Retrofitting a facility such as this represents an average investment of $16 million including land, construction and equipment. The facility will supply products to more than 40 Lowe's retail stores in northern California, Nevada and Oregon. The approximate 240,000-square-foot facility is situated on a 23-acre site. Construction has begun and the facility is expected to begin shipping operations in the first half of 2007. The facility will initially employ 35 people and will receive rail and truck shipments of large, building materials from suppliers. Products will then be quickly loaded as customized orders on flatbed trucks destined for Lowe's stores along the West Coast. Lowe's currently operates 13 regional flatbed centers throughout the United States.