BlueLinx’s Denver Distribution Facility Sold

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.