Allred Investment Co. LLC has sold the closed K&W Cafeteria property at 3169 Peters Creek Parkway for $1.65 million to Calco Inc., according to a Forsyth County Register of Deeds filing Tuesday.
Allred is associated with K&W president Dax Allred.
"Though the sale of our Peters Creek location occurred outside the bankruptcy proceedings, the decision was part of our overall reorganization effort." Allred said Wednesday.
Calco officials could not be reached for comment about its plans for the 2.56-acre property, which contains an 11,007-square-foot restaurant.