IKEA Breaks Ground at Site of Future Renton Relocation Where Newer Seattle-Area Store Will Open in Spring 2017

RENTON, Wash.–(BUSINESS WIRE)–With company representatives, Renton Mayor Denis Law, city officials,
and community leaders on-hand, IKEA, the world’s leading home
furnishings retailer, today officially broke ground where it is
constructing a new store in Renton, WA adjacent to its current
Seattle-area store. Until the new store opens in Spring 2017, customers
can continue to shop at the existing IKEA store.

The 398,000-square-foot current Seattle-area IKEA store is located on 29
acres in Renton, near State Highway 167, approximately 11 miles
southeast of downtown Seattle. Built in 1979, the original, single-level
structure previously had been utilized as a warehouse for aerospace
electronics until IKEA converted it to be a retail store in October
1994. The future 406,000-square-foot new Renton store will consist of
two levels, provide nearly 1,600 convenient parking spaces, and offer a
more current layout. IKEA has contracted with Deacon Corp. to build the
store, and plans reflect the same unique architectural design for which
IKEA stores are known worldwide.

“We are pleased to be breaking ground today on our commitment to extend
our Seattle presence with a new and updated store that will provide an
enhanced experience for our many loyal customers,” said Lars Petersson,
IKEA U.S. president. “This new store also will help us introduce the
latest version of the unique IKEA concept to Seattle-area consumers who
value good design, good function and affordable prices, but have not yet
had the chance to visit the current Renton store.”

An updated Seattle-area IKEA store will feature the same 10,000
exclusively designed items, 50 inspirational room-settings, three model
home interiors, a supervised children’s play area, and a larger
restaurant for serving Swedish specialties. Other family-friendly
features include a ‘Children’s IKEA’ area in the showroom, baby-care
rooms, play areas throughout the store, and preferred parking. IKEA now
also offers a product picking and delivery service, and an IKEA FAMILY
loyalty program. In addition to the already 350 Renton coworkers as part
of the global IKEA family, IKEA will generate even more annual sales and
property tax revenue to the city and local schools.

During the construction period, IKEA will be providing additional
parking nearby on weekends for customers and shuttling them to the
store. Customers can find detailed information about parking directions,
shuttle plans and construction updates available at IKEA-USA.com/Seattle
and @IKEA_Seattle.

Since its 1943 founding in Sweden, IKEA has offered home furnishings of
good design and function at low prices so the majority of people can
afford them. There are currently more than 370 IKEA stores in 47
countries, including 41 in the U.S. IKEA incorporates sustainability
into day-to-day business and supports initiatives that benefit children
and the environment. For more information see IKEA-USA.com,
@IKEAUSA,
@IKEAUSANews,
or IKEAUSA on Facebook,
YouTube,
Instagram
and Pinterest.

Contacts

IKEA
Joseph Roth, 610-834-0180 x 6500
Expansion Public
Affairs