New but unused furniture building gets new owner

Posted by Karen Welch on
Denver Mattress now owns never-occupied Mathis Sleep Center.
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By Karen Welch — Senior Content Producer

The brand spanking new building Mathis Brothers Furniture built but never opened now has a new owner.

Johnny Gibson, assistant manager of Amarillo's Furniture Row store confirmed that the retailer has purchased the building at 7610 W. Interstate 40. But he said he could not discuss plans for the location.

I talked with Gibson while researching a construction permit the city issued Thursday for the former Mathis Brothers building. The signs bearing the Mathis Sleep Center name came down during the summer.

City building permit information shows Precision Contractors will make alterations to the building that encompasses more than 20,000 square feet and estimates the project's construction value at $125,000. 

Potter-Randall Appraisal District pinpoints the appraised value of the building and property at just over $2 million. According to PRAD, the property changed hands to ownership by a Furnture Row limited liability company , in care of the Furniture Row Legal Department, in early July.

The building sits next door to Amarillo's Furniture Row location, which is the current home of the city's Denver Mattress store. Furniture Row here also contains Sofa Mart, Bedroom Expressions and Oak Express.

Karen Welch is a senior content producer for Panhandle PBS. She can be contacted at Karen.Welch@actx.edu, at @KWelch806 on Twitter and on Facebook. Subscribe to the Panhandle PBS BizHere podcast on iTunes and SoundCloud to hear more business news and interviews.

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