Deal for Building Set to Close in Early November
HIGH POINT, N.C. – (October 11, 2019) - International Market Centers (IMC) announced today that it has entered into an agreement to purchase the 50,542-square-foot showroom building located at 121 N. Hamilton St. in downtown High Point. The deal for the property, which was formerly owned by MCHP Properties LLC, is scheduled to close on Nov. 1, 2019.
“This acquisition extends IMC’s overall showroom footprint in High Point and supports our position in the North Hamilton District in particular,” said Scott Eckman, president of furniture and home décor leasing for International Market Centers. “This most recent purchase complements IMC’s strategic acquisitions of high-quality properties that are a fit for tenants in the Market neighborhood.”
With this purchase, IMC would own 17 properties in High Point, including five on Hamilton Street – 121, 200, 320 and 330 N. Hamilton St., and 129 S. Hamilton St. Other properties include: 300 E. Green St.; 300 S. Main St.; Commerce & Design Building; Furniture Plaza; Historic Market Square; International Home Furnishings Center (IHFC); Klaussner on Hamilton; Market Square Textile Tower; National Furniture Mart; Plaza Suites; Showplace; and the Suites at Market Square.
High Point Market is the largest furnishings industry trade show in the world, with more than 2,000 manufacturers in 11.5 million square feet of showroom and exhibit space in multiple buildings in downtown High Point, North Carolina. Each Market attracts tens of thousands of retail home furnishings buyers, interior designers, architects, and others in the home furnishings industry. International Market Centers owns the vast majority of the prime High Point Market showroom and exhibit real estate, which contain seventy percent of the exhibitors, including the majority of the top 500 manufacturers. Fall 2019 High Point Market runs Oct. 19 – Oct. 23, 2019. For more information, visit http://www.imchighpointmarket.com.
About International Market Centers:
International Market Centers (IMC) is the world’s largest operator of premier showroom space for furniture, gift, home décor, rug, and apparel industries. International Market Centers owns and operates nearly 20 million square feet of world-class exhibition space in High Point, N.C., Las Vegas and Atlanta. IMC’s mission is to build and operate an innovative, sustainable, profitable and scalable platform for the furniture, gift, home décor, rug, and apparel industries. For more information on IMC, visit www.imcenters.com.