Loomcraft Textiles buys Sears facility for warehousing for $6M

Loomcraft Textiles an upholstery fabric supplier to the industry and a dealer in closeouts and seconds who is doing its bit to help its retail customers by giving away 100,000 yards of fabric at its outlet store has recently purchased the former Sears distribution center in Greensboro for $6 million, with plans to use 200,000 square feet of space within the facility for warehousing and lease out the remaining space to other tenants.

Brian Frankel, vice president of Loomcraft Textiles, said that the deal closed the last week of January. MDBA Holdings Greensboro LLC, an entity created by Loomcraft to own the building, purchased the vacant 1.75 million-square-foot Sears facility at 2801 Lawndale Drive from Greensboro Distribution Group LLC.

The sale of the Sears center is significant because it is the Triad’s largest distribution facility. It once was one of 11 catalog distribution centers that Sears operated around the country, spanning as large as 3.5 million square feet. However, the Sears center was torn down by about half to make way for a shopping center anchored by Target and Harris Teeter and surrounding retail development.

Loomcraft, one of the largest purchases of fabric through close-outs from major textile companies, previously occupied about 400,000 square feet within the Sears facility. But the company moved out of the Greensboro building about a decade ago after purchasing the former WestPoint Stevens facility in Burlington comprised of 720,000-square-foot building at 2516 Industry Drive. Loomcraft purchased the Alamance County building in 2007 for $8 million.

Frankel said that his company had purchased the Burlington building because they felt it was a very unique opportunity given its presence on 80/45 that also provided our business with a permanent location in North Carolina.

Loomcraft will continue to operate a 15,000-square-foot showroom open to the public at the Burlington facility, where the company will house a few employees. It will rent out the remaining space in Burlington to other undisclosed tenants.

Loomcraft will occupy the basement area of the Sears facility and lease the remaining 1.5 million square feet to tenants for warehouse and distribution operations. Potential tenants could include third-party logistics providers.

Recent Posts

University of Copenhagen develops nanofibre patch for psoriasis treatment

Researchers have created an innovative nanofibre patch that aims to simplify and improve the treatment of psoriasis, a common skin…

10 hours ago

Clothing 2.0, The Marena Group to revolutionize medical garments

Clothing 2.0 has teamed up with The Marena Group LLC, a leader in medical-grade compression garments to transform the recovery…

10 hours ago

Polartec expands eco-friendly weather protection fabrics

Polartec has enhanced its Power Shield range, as it continues to replace petroleum-based materials with renewable alternatives while improving fabric…

11 hours ago

Uncaged Innovations partners to launch leather alternative

Biomaterial company, Uncaged Innovations, has collaborated with ten independent fashion brands to launch Elevate, a new eco-friendly luxury leather alternative.

1 day ago

Rudolf enhances digital pigment printing

Rudolf introduced the Digital Pigment Printing Toolbox, a package of pre-treatment products to improve the quality and sustainability of pigment…

1 day ago

Aquafil Group unveils sustainable yarns

Aquafil Group, the innovator behind ECONYL regenerated nylon, has launched the ECONYL Bespoke Collection that mimic the aesthetics of natural…

1 day ago