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HIGH POINT - A Greensboro contractor has filed plans to build a 455,000-square-foot distribution facility in north High Point that, if constructed, would be the largest project of its kind in Guilford County in more than a decade.
SCD I LLC, an affiliate of Samet Corp., filed plans with High Point city planners for the distribution center, which is planned for almost 30 acres in Eagle Hill Business Park in Piedmont Centre.
Sources familiar with the proposed project said Liberty Property Trust, which is developing Eagle Hill, is negotiating to sell the site to an entity affiliated with Universal Furniture Industries, a High Point company that was bought this summer by a Chinese furniture manufacturer.
Those same sources also say the project is known as "LDC," which is a deal being put together by Tom Townes of Triad Commercial Properties in Greensboro.
However, sources said the deal has not yet been finalized and ownership of the land has not changed hands.
Both Townes and Larry Gildea, senior vice president and regional director for Liberty Property Trust, declined to comment. Officials at Universal Furniture were unavailable for comment. And Arthur Samet, president of Samet Corp., confirmed that plans had been filed but declined further comment.
Real estate sources said the proposed project, planned for the northeast corner of Premier and Eagle Hill drives, could cost as much as $20 million to develop.
That figure includes real estate sources' estimates of land costs of $65,000 to $80,000 per acre for land in Piedmont Centre, which would bring the total cost of the property to anywhere between $1.9 million to $2.3 million.
Construction estimates from R.S. Means Co., a Kingston, Mass., construction research firm, put cost estimates for the center itself anywhere from $12.7 million...