Hallmark is under contract to sell its Topeka production facilities to a real estate group that specializes in finding new uses for old industrial and commercial properties.
Hallmark will sell the plant to Industrial Realty Group as part of its plan to consolidate its Kansas plants, moving work done in Topeka to Lawrence and Leavenworth, Hallmark spokeswoman Linda Odell said Thursday. The sale is scheduled to close Nov. 1, according to The Topeka Capital-Journal (http://bit.ly/19OgHCc ).
"It's our understanding that they plan to lease it to individuals for warehouse and manufacturing purposes," Odell said. "It's good news all around."
Hallmark probably will lease back about 100,000 square feet until it can move the remaining Topeka operations to other plants, Odell said. Greeting card production has already been moved, and envelope production will be relocated by the end of the year.
Tom Murray, vice president of Industrial Realty Group, wouldn't say how much his firm will pay for the building. Hallmark's 100,000-square-foot warehouse probably will be leased to a large distributor, and several smaller companies will likely use the rest of the facilities, he said.
"When it comes to production space, that's where we get creative," he said.