Posted on April - 14 - 2011
A.J. Wright distribution center up for sale
FALL RIVER – The former A.J. Wright distribution center on Commerce Drive has been put up for sale for $17 million, The Herald News reported.
The center, closed along with the rest of the A.J. Wright retail chain by its parent company TJX, is a 500,000-square-foot building on a 27.5-acre parcel of land.
It has been listed with Philadelphia-based real estate firm Binswanger on March 31; it was assessed by the city at $11.9 million – $6.8 million for the building and $4.2 million for the land.
Ken Fiola, executive vice president of the Fall River Office of Economic Development, said the site has received “two or three” bids which the company is currently evaluating.
TJX decided in December to close the A.J. Wright brand because it found that Marshalls and T.J. Maxx were performing better.
A 15-year tax break agreement helped A.J. Wright save $1.45 million on city real estate taxes during the past decade, The Herald News said, noting that Fall River will not be repaid for the previous tax breaks but they will not be applied to any future owner of the site.
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