Legacy Classic to build $18M distribution center/office in north High Point
City to provide $305,000 incentive; March 2007 opening targeted
By Furniture Today Staff -- Furniture Today, June 22, 2006
HIGH POINT — Case goods importer Legacy Classic Furniture will build a 347,000-square-foot distribution center and corporate offices in north High Point after the city agreed earlier this week to provide up to $305,000 in incentives.
Legacy President and CEO Kevin O’Connor said, “With our growth demanding an increase in space, we feel this move will benefit us greatly for many years to come, allowing us to expand the building to 500,000 square feet in time.”
The company now leases space in a 200,000-square-foot facility in eastern Guilford County, where it’s been for six and a half years. High Point also is in Guilford County. Legacy Classic is owned by Lacquer Craft, also the parent of Universal.
O’Connor said the move puts the company closer to the High Point furniture market and at the center of the “best furniture transportation hub in the country, providing customers with the best and least-expensive furniture transportation rates.”
The new facility, in the Premier Center office park at the intersection of Premier Drive and N.C. 68, is expected to cost over $18 million and open in March 2007. The building will have 307,000 square feet of high-cube warehouse and distribution space and a 40,000-square-foot, two-story administrative office for corporate staff.
The incentive funds likely will be provided in the form of a cash grant paid in installments over three to five years, said Loren Hill, president of the High Point Economic Development Corp.
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Legacy sets H.P. facility
Jul 9, 2006
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