BlueLinx Holdings has sold its distribution facility in Denver CO, through a sale-leaseback transaction for $10.6 million.
The company entered a lease agreement for the property as part of the deal.
It also maintained multiple renewal options which demonstrate its long-term commitment to the market.
Net proceeds from the sale were used to pay indebtedness of the BlueLinx’s term loan.
This was reduced to around $57.8 million.
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