Ashley Furniture Acquires Advance Manufacturing Facility

July 26, 2012  by in UnCategorized   

By Aggregated Content in on July 27, 2012 from http://c.moreover.com/click/here.pl?z6909914453&z=1600249795 Schwarz Sells 1.4M SF for $10.4M Ashley Furniture Industries, Inc. closed on its $10.44 million acquisition of a 1.38 million-square-foot industrial building at 916 Baltimore Rd. in Advance, NC. Schwarz & Schwarz sold the manufacturing facility, previously occupied by RJ Reynolds. Schwarz originally acquired the property in a sale leaseback, which Reynolds decided not to renew past the original term. The main property features 24-foot clear heights, however the 13,000-volt power system in place was owned by RJ Reynolds and did not convey in the sale, forcing Ashley Furniture to work with Duke Energy to supply necessary power to

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