The Factory Has Been Sold!

IMG_04331-300x225What once was a manufacturing plant in Wake Forest is now home to multiple retailers and sports-minded businesses that boasts a family-friendly atmosphere. The home to businesses like MVP Sports Factory, Polar Ice House, The Tumble Gym, Jumping Beans and YMCA, now has a new owner. Raleigh’s own Ammons Building Corp’s president, Jeff Ammons, has sold The Factory in Wake Forest to The Macsyndey Co, a group of investors from New York and Oregon.

Luckily, the new owners of The Factory are extremely satisfied with what Jeff Ammons has created and are wanting to keep businesses operating as usual. They’re hoping to bring in even more family-friendly businesses to call The Factory home. And with nearly 100% of The Factory spaces full at the time of the sale, it seems like it’s a very desirable place to do business.

The Factory has been welcomed with open arms in Wake Forest, and has also caught the eye of the Carolina Hurricanes who will likely switch where they practice to a newly proposed Factory-like facility in Morrisville, at least when the PNC Arena has other events going on during practice days for the Canes. Ammons Building Group has plans for a new building that will house indoor sports facility, such as volleyball courts, gymnastics, an ice rink, and much more.

Jeff Ammons originally purchased what is now The Factory back in 2003 for $4 million, and quickly invited businesses to take part in his vision for a sports and family-minded atmosphere as it is today. Prior to it becoming The Factory that we all know and love at the gates to Heritage Wake Forest, the property was formerly the Athey manufacturing plant. While Ammons vision is planned to continue, he has sold full ownership in the amount of $17.85 million. To keep that vision going, The Macsyndey Co. has hired the former event and property manager of The Factory, Emma Bennett. She’ll continue to oversee The Factory and maintain relationships with the close-to 30 businesses who currently occupy around 99.8% of the property.

According to The Factory’s website on the date of the sale, current tenants were:

B-Quick PC Repair

Clay Fusion

Delicious Skateboard Shop & Factory Skate Park

Destiny Dance Institute

D’Roc Spa

East Coast Eagles

Espresso Self  – Cafe / Coffee Shop / Classes

Five Hole Sports

Gonza Tacos y Tequila

Hi-Tech Hobbies / Hi-Stakes RC Tracks

Jenn’s Vin – North Carolina Wines

Jumpin Beans – Inflatable Playground & Party Center

Klok’s School of Martial Arts

Lily Mae’s Boutique & Gifts

Lollipop Toy Shop

MVP Sports Factory

North Wake Baseball / Factory Baseball Institute

Polar Ice House

Prime Time Hockey

Progressive Music

Robotics & Innovation

Salon V

Tan Elegance

The Inspection Station

The Tumble Gym

Victory Trophies

Village Deli

Virgilio’s

YMCA

Ziggy’s

According to The Factory’s website, they’re a one-stop-shop: “What do you do when you are tired of driving from place to place for soccer practice, for dance lessons, to pick up a birthday gift, and to grab a bite to eat? You go to a place where you can do it all in one stop, that’s what you do! The Factory is just that place, a sports and entertainment mall for parents and kids alike to eat, shop, and play.

Whether you need a place for Birthday Party Packages, Summer Camps & TrackOut Programs, or to rent special event space, they have it all! Continue to support this great multi-purpose and family-friendly icon of Wake Forest!

What are your thoughts on the sale of The Factory?

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About Peter Kima

When it comes to providing the utmost in personal service to his clients, Peter Kima is on the cutting edge. This family man’s demanding work ethic was passed on from his parents. His mother, a first generation German-American forged a new life in a strange country. His father, who has not missed a day of work since 1972 led by example. Peter does not rest until he’s done everything in his power to help you achieve your goals. As a husband and a father, his understanding the importance of a family’s home is reflected in his every move.

When Peter is not helping one of his clients he can be found volunteering his time running a charity Lobster Bingo event, cooking burgers at the Wake Forest Fire Station to benefit the children in the community, delivering dictionaries to every 3rd grade student in Wake county with the Wake Forest Kiwanis Club, collecting school supplies for the needy or ringing the bell for the Salvation Army. His favorite pastime however is spending time with his wife Jennifer and their two sons, Cole (7) and Camden (4 going on 44!).

Peter has resided in Germany, California, Georgia, Indiana, Massachusetts, North Carolina, Oregon and Vermont. Having lived in North Carolina for over 10 years, Peter refers to North Carolina as home. Don’t underestimate the value of Peter’s moving experience. He and his team understand the rigors involved in making a family move. Rely on that experience to help you.

When the time comes for your next move in and around Wake Forest, NC don’t settle for ordinary! Count on Peter and his entire team to help you achieve…The Good Life.

August 2015, Heritage, Real Estate Information, Sports, Things to do in Wake Forest, Wake County, Wake Forest Business, Wake Forest Lifestyle, Wake Forest News

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