ATLANTA - BlueLinx Holdings Inc. (NYSE:BXC), a leading distributor of building products in North America, announced today the sale of its office building located in Denver, Colorado. The approximately 68,000-square-foot office building sold for $8.2 million. The Company will use the proceeds from the sale to pay down debt. The Company expects to record a gain of approximately $4.0 million related to this transaction in the third quarter of 2013 as a reduction of operating expense.
"Our Western Sales Center relocated to a new office in Denver during the second quarter of 2013, which allowed us to take advantage of the opportunity to sell this property. This sale further demonstrates the Company's ability to leverage real estate holdings to generate the highest possible return on assets while continuing to support its customers throughout the country," said BlueLinx CFO Doug Goforth.
About BlueLinx Holdings Inc.
Headquartered in Atlanta, Georgia, BlueLinx Holdings Inc., operating through its wholly owned subsidiary BlueLinx Corporation, is a leading distributor of building products in North America. Employing approximately 1,900 people, BlueLinx offers greater than 10,000 products from over 750 suppliers to service approximately 11,500 customers nationwide, including dealers, industrial manufacturers, manufactured housing producers and home improvement retailers. The Company operates its distribution business from sales centers in Atlanta and Denver, and its current network of 55 distribution centers.
BlueLinx is traded on the New York Stock Exchange under the symbol BXC.
Additional information about BlueLinx can be found on its Web site at www.BlueLinxCo.com.
Source: BlueLinx Holdings Inc.
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