BlueLinx Announces $7.2 Million Property Sale
Sells vacated DC in Portland, Ore.
BlueLinx Holdings Inc. announced today the sale of a distribution facility it previously closed in 2013 located in Portland, Oregon. The approximately 109,100-square-foot distribution center sold for $7.2 million and the sale continues the Company's emphasis on closely managing and reducing its outstanding debt obligations.
The Company expects to record a gain of approximately $4.9 million related to this transaction in the second quarter of 2014 as a reduction of operating expense.
For more details visit www.bluelinxco.com.
CONTRACTOR SUPPLY MAGAZINE
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