BlueLinx Holdings BXC, announced today
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 third quarter of 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.
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