Mill SOLD in Mooresville, NC

  Burlington Industries Mill in Mooresville SOLD   Jan 13, 2010 – The Charlotte Business Journal A New York-based company has purchased a massive and vacant textile mill on South Main Street in Mooresville. Concord Global Trading plans to open a retail/wholesale center for furniture at the 38-acre site. It used to house a Burlington Industries plant. Concord Global intends to open the Wow Home Furnishing store in May with inventory valued at $3 million to $4 million. The company paid $500,000 to Cherokee Investment Properties of Raleigh for the site, which contains 755,000 square feet of indoor space. The plant was built in 1895 and bought by Burlington in 1955. Burlington closed its denim production at the site in 1999 as part of a major restructuring. The site has seen three redevelopment schemes that failed to be built. Burlington and Fluor Corp. proposed a racing-themed business park a few months after the plant closed. In 2002, Cherokee Investment announced the $15 million Victory Lane Mills, a low-density business park. Later plans called for a $175 million high-density, mixed-use community called Mooresville Mills. Concord Global owns two other Wow Home Furnishing sites. They are in Fort Lawn, S.C., and Jefferson, Ga. www.LeeAnnMiller.com 704-896-5141 Office

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