A Charlotte real-estate development group affiliated with Silvercap Partners has bought BekaertDesLee’s Winston-Salem production plant for $12.2 million. The Belgian textile maker stays on as the tenant.
The Greensboro News and Record reported the sale Thursday. Silvercap already works the Winston-Salem industrial market and lists industrial, residential and office investments, with priorities it describes as shovel-ready, single-asset developments or longer-term, multiphase projects.
A Mattress Fabric Plant, Still Occupied
BekaertDesLee makes mattress ticking, mattress covers and other sleep products. At the Winston-Salem plant, the work runs through weaving, finishing, dyeing and sizing.
The company describes the facility as the cornerstone of its North American strategy and says it epitomizes its U.S. manufacturing prowess. The building changing hands does not, on the reported record, change who is running those lines.
The company opened the local facility in 1998 and has operated its U.S. and North American manufacturing hub at Union Cross Business Park since the early 2010s. Its initial capital investment was $15 million. That figure is the company’s early spend, not a prior sale price for the real estate that just traded at $12.2 million.
How the Site Grew
The plant was not a static box. In June 2018, Greater Winston-Salem, Inc. reported a ribbon-cutting for a new 87,000-square-foot warehouse and a remodeled showroom, meant to free production floor for more equipment.
The Winston-Salem Journal has also reported that Bekaert Textiles USA Inc. was expanding in Forsyth County by taking an adjacent 83,000-square-foot building in Union Cross Business Park, according to Winston-Salem Business Inc. That is a separate expansion account from the 2018 warehouse, not a second description of the same ribbon-cutting.
Forty Jobs, Then a Smaller Payroll
The ownership change follows a thinner local payroll. In January, the Journal reported that BekaertDesLee was eliminating 40 jobs at its Winston-Salem workforce as part of what the company called a strategic realignment. At the time, the bedding manufacturer was expected to have 215 workers after those cuts.
The News and Record later reported that the job cuts were completed in June and that the local workforce had been reduced to 215. Those are two dated accounts of headcount, not a single arithmetic line from the January announcement to the June figure.
A Tight Market Around the Deal
The sale lands in a Greensboro/Winston-Salem industrial market that Cushman & Wakefield described as the tightest among major Carolinas markets in the third quarter of 2026. Overall vacancy fell 30 basis points from a year earlier to 5.5 percent.
Tenants were still taking space. Net absorption was nearly 230,000 square feet in the quarter and 1.4 million square feet for the year through September. Overall asking rents rose 1.4 percent from the prior quarter to $6.37 per square foot.
The same market report carried a different kind of manufacturing bet nearby: ProVia’s announced $120 million investment in a 580,000-square-foot build-to-suit plant in Davie County, expected to create 400 jobs. One quarter, an existing textile plant changes landlords after job cuts. In the next county, a new factory is being sized for hundreds of hires.
Other Prices on the Local Tape
Winston-Salem industrial sales do not cluster around one number. Connect CRE reported that the newly built, fully leased Union Cross Distribution Center — 610,000 square feet — sold for $64 million, or $105 per square foot. Front Street Capital developed and sold it. Galaxy Investments LLC/Halle Acquisitions bought it. That is a logistics building with a published size, not a stand-in for the textile plant, which sits on an 11.86-acre tract and contains a 168,860-square-foot facility.
Smaller and shuttered properties have moved at other prices. The Journal reported a Winston-Salem warehouse sold to a Raleigh group for $1.65 million, citing a Forsyth County Register of Deeds filing. It also reported that the closed plant once occupied by Alpha Aluminum LLC and Oracle Packaging sold for $8.26 million to a San Francisco investment firm, again from a deeds filing, with that sale completed Feb. 9.
The $12.2 million deal sits in that spread: an occupied mattress-fabric plant, opened in 1998, now owned by a Charlotte group with an established Winston-Salem industrial book, in a market where vacant industrial space was already scarce.
