ARCHDALE — A High Point company has purchased another large rural tract for future expansion.
Property deeds show that Future Foam bought two parcels that total 104 acres on Tom Hill Road just south of Archdale in a transaction that was recorded April 7.
The purchase price was $860,500, and the seller was Betty J. Hill, according to the deed.
The land is contiguous to 66 acres that the company bought last month for $1.77 million.
Both purchases came after Future Foam got the 170-acre area rezoned by the Archdale City Council for light industrial use to accommodate the company’s plans for a fabrication facility that would fashion foam components for bedding, furniture and medical applications.
The land, which is between U.S. 311 and Tom Hill Road, is not in the city but is within Archdale’s extraterritorial jurisdiction.
City Manager Zeb Holden said Wednesday that the company has not submitted any annexation applications or development proposals for the property.
The land is near two existing Future Foam sites.
The company makes foam at its Prospect Street plant in High Point and uses another facility on Comanche Drive in Archdale to cut and process the materials.
Future Foam representatives have described their plans for the additional location as another site used primarily for processing of foam products that are manufactured offsite.
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