Fastenal Co. (Nasdaq: FAST), a Minnesota-based distributor of industrial and construction supplies, paid $20 million for Ralph Lauren Corp.'s building at Piedmont Centre Business Park last week.
According to records with the Guilford County Register of Deeds, the deal closed Friday for the 69 acres at 4100 Beechwood Drive, which has a tax value about $20 million. The deal also included 5.9 undeveloped acres at 1140 Tarrant Road.
At 1.2 million square feet, it's the fourth largest distribution center…
