Earlier this year, Best Buy closed due to failed lease negotiations with the landlord.

Best Buy operated for 17 years before closing.

The landlord, Decron Properties, a Los Angeles-based real estate company, successfully negotiated with Ashley Furniture to move into the former Best Buy store.

Ashley furniture opened its doors in 1997, quickly growing to more than 800 stores worldwide.

Ashley Furniture is labeled the #1 furniture retailer in North America.

The nearest Ashley Furniture locations are Fresno and Modesto.

Ashley Furniture will now join Work World and Dollar Tree as the newest businesses to move to the Merced Market Place this year.