Skip navigation

Winn-Dixie Raises $100M in Warehouse Sale

JACKSONVILLE, Fla. — Winn-Dixie has raised nearly $100 million from the sale of a warehouse in nearby Baldwin, Fla., the company said.


Follow @SN_News for updates throughout the day.

A Winn-Dixie spokesman said the chain’s parent, Bi-Lo Holdings, last week completed the sale of the facility to New York-based real estate investor American Realty Capital, which subsequently leased it back to Winn-Dixie.

“We will continue to occupy the Baldwin facility – now through a long-term lease agreement – with no disruption to our business operations,” Brian Wright, a spokesman for Winn-Dixie, said. “Without going into specifics, sale-leasebacks are a common way companies like ours can monetize their assets – in this case buildings and property – and then reinvest that money into other parts of the company.”

Read more: Winn-Dixie to Close 3 Ga. Stores

Prior to this transaction, the Baldwin facility was Winn-Dixie’s only owned distribution facility. The company operates five other distribution centers, all of which are leased. The vast majority of the company’s retail stores are also leased, the company said.

Suggested Categories More from Supermarketnews


TAGS: News
Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.