What 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:
Delicious Skateboard Shop & Factory Skate Park
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?