International Market Centers is buying the 50,542-square-foot showroom building located at 121 North Hamilton Street in downtown High Point.
The deal for the building, formerly owned by MCHP Properties LLC, has a scheduled close on November 1.
Completion of the 121 North Hamilton purchase would bring the IMC property count in the host city of the High Point Market to 17, including the core International Home Furnishings Center.
“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, IMC president of furniture and home décor leasing. “This most recent purchase complements IMC’s strategic acquisitions of high-quality properties that are a fit for tenants in the market neighborhood.”