A jewelry company has purchased an office building in Columbia and will
open new storefronts at three Maryland malls next month as it expands
its retail presence.
Lund Trading LLC has bought a
40,000-square-foot office building for $3.7 million at 6822 Oak Hall
Lane. NAI KLNB brokered the deal.
Lund, which distributes the
Trollbeads
jewelry line in North America and the Caribbean, will move its office
and distribution operations from 8300 Guilford Rd. by the end of June.
The
company plans to open Trollbeads boutiques at the Westfield Montgomery
Shopping Mall, the Westfield Annapolis Mall, and the Columbia Mall
within the next 45 days, Lund Trading owner Morten Petersen says. The
company has just begun launching its mall presence with new stores
opened last month in Atlanta and Los Angeles.
Trollbeads is
known for a make-your-own style beaded bracelet. Petersen says he wants
to make the jewelry line a household name by expanding its mall
presence.
Petersen declined to disclose sales at the
seven-year-old firm, but says that sales have grown 50 percent in the
last year. The company employs 50 at its headquarters and 75 sales
representatives.
Lund Trading will share its new Columbia
office with Looks Salon and Spa. Morten Petersen's wife, Marilyn,
manages the 12-year-old spa.
Writer: Julekha Dash
Source: Morten Petersen