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Footstar gets $28 million for Mira Loma distribution center
By Jeff Pines
Washington, July 22 - Footstar, Inc., the West Nyack, N.Y.-based footwear retailer, said Thrifty Oil Co. agreed to pay $27.95 million for its Mira Loma, Calif. distribution center.
On July 9, the company said Alere Property Group LLC agreed to pay $20 million for the facility and FMI International LLC would operate the center for Footstar.
An auction was held and Thrifty Oil outbid Alere.
FMI also had an agreement with Thrifty Oil and it will operate the facility for Footstar.
Footstar filed for bankruptcy on March 2, 2004. Its Chapter 11 case number is 04-22350.
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