17 Furniture Brands Properties Up for Auction

Posted by Karen Koenig | Posted: 04/03/2014 10:35AM

 

Furniture Brands property auction NORTHBROOK, lL – Prime Thomasville and Lane furniture facilities in Mississippi, North Carolina, Tennessee and Virginia are among 17 former Furniture Brands International (FBI) properties up for auction by Hilco Real Estate LLC.

 Related stories: 

Ex-FBI Execs Granted $1M for Legal Coverage
Heritage Home Group is FBI's New Name

Furniture Brands' Assets Sold to KPS
New Furniture Brands Bidder Emerges
Judge Cuts Exec Bonuses
FBI Enters $280M Assets Agreement with KPS
FBI Chapter 11 Hits Snag
FBI Bankruptcy Draws Bidders
FBI Weighs Chapt 11 as Shareholders Sue

A bid deadline of June 19 (sealed bid June 24) has been set as part of the wind-down and liquidation of bankrupt FBI's remaining real estate assets.

Among the properties being sold are the 353,000-square-foot former location of Thomasville's brand headquarters in Thomasville, NC, a 430,000-square-foot Lane manufacturing/distribution facility in Tupelo, MS, and an 800,000-square-foot Thomasville manufacturing facility, set on 85 acres, in Appomattox, VA.

Home furnishings giant FBI filed for Chapter 11 bankruptcy in September 2013. In November, KPS Capital purchased substantially all of the brand assets for $280 million, and renamed the company Heritage Home Group. In addition to Thomasville and Lane, the brands also included Broyhill, Drexel Heritage, Henredon, Pearson, Hickory Chair, Lane Venture, Maitland-Smith and LaBarge.

 

About the Author

Karen M. Koenig

Karen M. Koenig has more than 25 years of experience in the woodworking industry, including visits to wood products manufacturing facilities throughout North America, Europe and Asia. As Editor-in-Chief of Wood Products (formerly Wood & Wood Products), Karen’s primary responsibilities include spearheading the writing, editing and coordinating of the editorial content of the publication, along with the Red Book resource guide and the Red Book online source and supply directory (RedBookOnline.com). She is also a frequent contributor to other Woodworking Network online and print media. She can be reached at kkoenig@woodworkingnetwork.com or Google+.

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