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Vaughan-Bassett, Bassett Mirror renew High Point leases

Furniture sources commit to showrooms through 2015

Furniture Today Staff -- Furniture Today, January 26, 2009

HIGH POINT — Vaughan-Bassett Furniture and Bassett Mirror have extended their lease agreements with the International Home Furnishings Center, according to officials of the showroom building complex here.

Both leases will run to 2015.

Vaughan-Bassett also is expanding its space on the 10th floor of the IHFC's Commerce Wing, according to Doug Bassett, vice president of sales. It will gain between 3,000 and 4,000 square feet to take it up to about 27,000 square feet, he said.

"The economy no doubt has affected the entire industry, but now is not the time to pull back," said Bassett. "We have a lot of confidence in our products and our people. We plan to push forward and work hard to secure new market share."

He said that signing a long-term lease with IHFC, Bassett said, was merely a reflection of the "facts on the ground. IHFC is where the vast majority of our customers spend their time during market. It's where are customers are and always have been."

Bassett Mirror will continue to occupy the entire first floor and lower level of the Green Wing.

"This is where we want to be," said Spencer Morten III, Bassett Mirror CEO. "IHFC is the centerpiece of High Point Market. We don't see that changing. In fact, we see their influence growing which is why we feel confident in this long-term agreement."

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Vaughan-Bassett, Bassett Mirror extend IHFC leases

Feb 9, 2009

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