OREANDA-NEWS. BlueLinx Holdings Inc. (NYSE:BXC), announced today that it has completed the sale of its non-operating facility in La Puenta, California, which BlueLinx has historically used to serve the Los Angeles Market. The sale of the 9.25 acre facility generated aggregate net proceeds of approximately $14.5 million. With this sale, BlueLinx has realized approximately $16.4 million in net proceeds from real estate sales over the last three months. All net proceeds arising out of these real estate efforts are being used to pay down BlueLinx’s mortgage and reduce overall debt levels.

BlueLinx has other facilities under contract with various purchasers; these transactions are expected to generate in excess of approximately $14.5 million of additional aggregate net proceeds before year-end, subject to satisfaction of customary closing conditions. BlueLinx also continues to actively market several company-owned operating facilities for possible sale leaseback transactions as part of its real estate sale optimization efforts. There can be no assurance, however, that any of these pending or potential sales will close on favorable terms, or at all.

About BlueLinx Holdings Inc.

BlueLinx Holdings Inc., operating through its wholly owned subsidiary BlueLinx Corporation, is a leading distributor of building products in the United States. The Company is headquartered in Atlanta, Georgia and operates its distribution business through its national network of distribution centers. BlueLinx is traded on the New York Stock Exchange under the symbol BXC.