Sep 24, 2012. BlueLinx Holdings Inc. announced the sale of its distribution center located in Newark, California. The approximately 235,000-square-foot distribution center sold for $17.7 million. The Company expects to record a gain of approximately $9.1 million related to this transaction in the 3Q 2012 as a reduction of operating expense.
BlueLinx announced $17.7 million sale of California real estate
Sep 24, 2012. /Lesprom Network/. BlueLinx Holdings Inc. announced the sale of its distribution center located in Newark, California. The approximately 235,000-square-foot distribution center sold for $17.7 million. The Company expects to record a gain of approximately $9.1 million related to this transaction in the 3Q 2012 as a reduction of operating expense.
"We are excited to complete the sale of this property that strengthens our balance sheet and positions us to strategically grow our business. We plan to relocate in the surrounding area by the end of the year to continue serving the Northern California market," said BlueLinx CFO Doug Goforth.
BlueLinx Holdings Inc., operating through its wholly owned subsidiary BlueLinx Corporation, is a leading distributor of building products in North America.
