Hallmark to sell its Topeka plant to realty group
Published on -9/13/2013, 8:13 AM
TOPEKA, Kan. (AP) -- Hallmark is under contract to sell its Topeka production facilities to a real estate group that specializes in finding new uses for old industrial and commercial properties.
Spokeswoman Linda Odell said Thursday Hallmark will sell the plant to Industrial Realty Group in November. It's part of Hallmark's plan to consolidate its Kansas plants, moving work done in Topeka to its Lawrence and Leavenworth plants.
The Topeka Capital-Journal reports (http://bit.ly/19OgHCc ) the sale is scheduled to close Nov. 1.
Tom Murray, vice president of Industrial Realty Group, says a large warehouse probably will be leased to a distributor. He says the production plant could be leased to a large manufacturer, but it's more likely several smaller companies will use it.
Murray wouldn't say how much IRG will pay for the building.