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BlueLinx Holdings, Marietta, Ga., recently completed several real-estate transactions as part of its “ongoing efforts to monetize (its) real-estate assets and reduce (its) leverage,” while remaining committed to local markets.
The company has sold its former distribution facilities in Minneapolis, Mn., and Des Moines, Ia., for approximately $12 million, and is using the net proceeds to repay indebtedness under its revolving credit facility. Operations from the two facilities were integrated into existing Cedar Creek facilities in Minneapolis and Des Moines last year.
Separately, BlueLinx completed a sale-leaseback deal for its distribution facility in University Park, Il., for $23 million.
