Jan
26

Piggly Wiggly Sells 615,650 Square Foot Jedburg, SC Facility in Leaseback Deal

By
– Charleston Regional Business Journal

Piggly Wiggly Carolina Co. has sold its Jedburg warehouse and distribution facility to a national investment firm in a leaseback arrangement. Company officials said the move will help the grocery store company focus on its core mission.

Charleston-based Piggly Wiggly Carolina Co. will continue its operations at the Berkeley County facility, which is 615,650 square feet and includes cold and dry storage.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.charlestonbusiness.com/news/32624-piggly-wiggly-sells-jedburg-facility-in-leaseback-deal?rss=0
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BLOG NOTE:
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According to Real Capital Analytics, the sales price was $28 million, or approximately $45 per square foot.
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Michael Dodds
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