Vaughan-Bassett, Bassett Mirror extend IHFC leases
By Furniture Today Staff -- Furniture Today, February 9, 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. The showroom 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's 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.”
Featured Company
-
Wright Labels
Bill and Tom Wright founded Wright of Thomasville in 1961 on the idea that printing was a creative medium and the belief that "a promise made is a promise kept." The Wright brothers focused their attention on providing exceptional printing for the... more
VIEW ALL GALLERIES
