The Business Journal of the Greater Triad Area - January 29, 2010
A Pennsylvania investment firm has bought a Hanesbrands Inc. distribution center for $23.5 million and will lease it back to the apparel maker.
Winston-Salem-based Hanesbrands recently sold its 930,451-square-foot distribution center in the Northridge Business Park off of U.S. 52 in Rural Hall, to Winston-Salem NC Associates LP, according to Forsyth County real estate records.
Winston-Salem NC Associates is owned by Blue Bell, Penn.-based Capital Solutions Inc. Fran Donato, principal at Capital Solutions, declined to discuss the details of the deal, but said the purchase is being financed by a combination of company funds and bank loans.
Matt Hall, Hanesbrands spokesman, said that the deal allows Hanesbrands to lease the building for the next 12 years while continuing to operate the distribution center. He declined to provide the lease terms.
Sphere: Related Content