The former manufacturing complex includes the oldest factory building in the city, and its renovation has been credited with making High Point a successful furniture exhibition center.
[5] The business was originally chartered under the name of Tomlinson of High Point, and operations started on January 1, 1901, with just 18,000 square feet of space its inaugural year.
[4] The two brothers played major roles in starting the city's YMCA, chamber of commerce and library, and Emerywood Country Club.
[7] Members of the Lambeth family were among the founders of Standard Chair Company in Thomasville, North Carolina, in 1898; the plant was the oldest in town in 1990.
[13] When Froelich died at 72 in 2003, a Greensboro News & Record editorial said, "His far-sighted notion to remake an aging factory into Market Square forever changed the face of the Furniture City.
[16] In 1998, Merchandise Mart Properties, a subsidiary of Vornado Realty Trust, of New Jersey, bought Market Square for $100 million from George Lyles, S. Davis Phillips and Froelich, who remained as general manager.
[19] As part of the expansion, a "nonworking replica" of a water tower was added which looked like the one used during the Tomlinson days, except with "The Suites at Market Square".
[21] High Point Acquisition Co. bought the properties in 2011, including Market Square and National Furniture Mart, for $139.5 million.
[22][23] At a press conference on May 3, 2011, World Market Center CEO Bob Maricich and other officials of a new company announced the consolidation of what had been competing showroom facilities.
International Market Centers (IMC), owned by Bain Capital and Oaktree Capital, with headquarters in both High Point and Las Vegas, bought the International Home Furnishings Center, Market Square and Showplace, representing about two-thirds of the city's 10 million square feet of showroom space.