Thomasville, Tenn., has been selling furniture and other furnishings since the 1980s, but now the furniture company is getting into the business of building office space.
Thomasville Furnace, which opened in 2010 in the city’s historic old millhouse, said Monday it will buy the former Thomasville Central Library building in the same area.
The building is now owned by the City of Chattanooga and is currently occupied by the state’s largest private prison.
Thomas’s office will continue to operate as a collection of the former library and will not be used for commercial purposes, Thomasville President Michael Cramer said in a news release.
The Thomasville company said the acquisition includes an office space, a restaurant and offices for the company’s corporate offices.
The deal is subject to a formal bidding process, which is expected to be completed in the coming weeks, according to the release.
Thomas, which has operations in Alabama, South Carolina, Florida and New Jersey, had more than 30,000 square feet of space in its old mill building.
Thomasville plans to open a new office building in nearby Chattahoochee, S.C., in 2020.
The company’s president and CEO, Michael Cram, said in the news release that the purchase will provide a new opportunity to create a new work environment for employees and create new opportunities for Thomasville’s community.
“We’re really excited about it, and it’s a great fit for us,” he said.
Thomas has been struggling with low sales, as it has had to focus on increasing its workforce and improving its facilities.
Thomas had about 2,400 employees when it went into bankruptcy in 2014.
Thomas said it plans to close all of its remaining stores by the end of the year.