The 125,000 square foot industrial space in Bend, Oregon at one time occupied by Fuqua Homes, Inc. has been sold to a hedge fund manager and his wife for $2.7 million. The couple will likely develop it into a multi-tenant facility, according to bendbulletin.com. Fuqua Homes built manufactured and modular homes at the site for over 40 years, but their employment fell from 330 workers in 2006 to 50 in 2010. MHProNews.com has learned involuntary bankruptcy, and complaints to the Oregon Department of Justice that Fuqua failed to deliver homes that had been paid for, led to the company’s eventual demise. Dallas-based Plains Capital sued the company in December, 2011 to recoup over $8 million in loans and eventually received the Bend plant in a foreclosure proceeding.
(Photo credit: Ryan Bennecke/bendbulletin.com)