Learn More About the Klaussner Real Estate Sale in Asheboro

Industrial Real Estate Asheboro

Nine months after the closing of Klaussner Furniture, a significant development has emerged near Asheboro. Schwarz Properties, a local company, has announced an acquisition. It included approximately 400,000 square feet at 4400 and 4402 U.S. 220 Business South.

The seller, a New York City-based affiliate of real estate investment firm. Finalized the deal for $12.4 million, as reported in Randolph County’s deed filings. This transaction marks a new chapter for the site. Which saw Klaussner Furniture sell much of its real estate in 2020, subsequently leasing it back.

The acquisition signifies more than just a change in ownership. It symbolizes an opportunity for revitalization and economic growth in the Asheboro area. With Schwarz Properties actively marketing the site to potential new industrial users. The region stands poised to benefit from job creation and increased commercial activity.

The sale of the former Klaussner Furniture site underscores the resilience of local economies and the potential for adaptive reuse in the face of change. As the property undergoes transformation and attracts new tenants, it serves as a testament to the community’s ability to adapt and thrive in evolving market conditions.

In the coming months, all eyes will be on the Industrial Real Estate Asheboro as the former Klaussner Furniture site transitions into a hub of industrial activity. My client and I had looked at this property and I am very curious to see what business will go there!

There are future manufacturing facilities which are closing in the upcoming months. If you would like to know more about them, reach out!

https://www.bizjournals.com/triad/news/2024/05/03/schwarz-buys-klaussner-site-asheboro-nc.html