<p style="text-indent:0px; line-height:12px;"><span style="font-weight:bold;line-height:130%"> Baldwin, FL</span><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">By Eric Anderson<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">5.6.13</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><img src="https://cdn.andnowuknow.com/legacyWriterImages/winndixie_100_million_may_2013_BODY_00.jpg" alt="IMAGES 050313" />Winn-Dixie has announced that it has sold a distribution warehouse in Baldwin, Florida for nearly $100 million.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">The company sold its facility on 200 acres to a limited liability corporation controlled by American Realty Capital of New York for $99,768,500. Winn-Dixie will continue to occupy the building and lease it from American Realty Capital. Business operations will continue as usual.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">“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,” Wright said, as reported by the Florida Times Union. </p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>The transaction means that Winn-Dixie now leases all six of its distribution facilities, as are most of its retail stores. </p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" http://jacksonville.com/business/2013-05-02/story/winn-dixie-sells-distribution-center-will-lease-it-back" target="_new">Winn-Dixie Transaction</a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">
