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Owner of High Point, Las Vegas furniture markets agree to sell properties

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A Lee Enterprises, Incorporated newspaper. Majority shareholder: David Hoffmann, Hoffmann Media Group.

Owner of High Point, Las Vegas furniture markets agree to sell properties

20170422g_nws_furniture market (copy)

A Duke University study released in 2013 estimated the annual economic impact of the High Point Market at $5.39 billion. Above, the scene inside Market Square as the International Home Furnishings Market prepared to open its 2017 Spring Market in High Point.

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Richard Craver

The owner and operator of the High Point and Las Vegas home furnishings markets is being sold to real-estate firms associated with the private-equity group Blackstone.

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rcraver@wsjournal.com 336-727-7376 @rcraverWSJ

International Market Centers

International Market Centers owns and operates the following facilities:

High Point:

* International Home Furnishings Center

* Merchandise Mart Properties: Historic Market Square, Suites at Market Square, Market Square Tower, Plaza Suites, Furniture Plaza, National Furniture Mart, Hamilton Market and 300 South Main

* Showplace properties: Showplace, 200 N. Hamilton, 320 N. Hamilton, 330 N. Hamilton.

* Commerce & Design building

Las Vegas:

* Buildings A, B, C, and World Pavilions

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20170422g_nws_furniture market (copy)

A Duke University study released in 2013 estimated the annual economic impact of the High Point Market at $5.39 billion. Above, the scene inside Market Square as the International Home Furnishings Market prepared to open its 2017 Spring Market in High Point.

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