HIGH POINT, NC-Samet Corp., one of this city's largest furniture manufacturers, plans to build a new 250,000-sf plant on 24 company-owned acres at an estimated hard construction cost of $17 million. Ground-breaking is set for March, according to a published report.
The plant will be built on Swathmore Road, across from a four-building facility operated by Brayton Co., another furniture maker. High Point is 70 miles north of Downtown Charlotte.
When the Samet plant is completed, employees will be housed under one roof instead of having to walk from building to building to complete assignments, the company says in a published report. The campus will be extensively landscaped and the facility itself will allow more natural light to enter the premises.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
