BlueLinx has sold its Tampa, Fla., facility, but has signed a 15-year contract to lease the facility from the new owner, according to BlueLinx’s press release. BlueLinx says it will still use the facility to serve its customers in the area.
The sale will generate $4.8 million for BlueLinx, which it will put toward its mortgage balance. Including this sale, the company has made $38.9 million in net proceeds from its sale of facilities across the country, all of which are part of the company’s deleveraging strategy.
