BlueLinx Holdings Inc., (NYSE: BXC), Atlanta, GA, has sold its Jackson, MS, Little Rock, AR, and Shreveport, LA, facilities for $1.9 million.
In addition to these property sales, the company has six other non-operating facilities under contract with various purchasers in transactions expected to generate more than $30 million. It also continues to market several operating facilities for possible sale leaseback transactions as part of the Company’s real estate sale optimization efforts.
“Earlier this year we announced an initiative to reduce the company’s financial leverage and improve our working capital performance. We are pleased to share that we are continuing to successfully execute on our strategy to deleverage BlueLinx by reducing our mortgage as a result of these transactions,” said Mitch Lewis, president and CEO.
