|
A
manufacturing company who is a major supplier to Rubbermaid in Jackson
will locate in Scott City .
Tom Kelsey, commercial broker with Lorimont Place, Ltd. confirmed the
sale of the Penzel Warehouse and that it will be the new home to Mid
South Wire Company, a Nashville based company.
Kelsey said the
100,000 square foot warehouse owned by Penzel Trust and located at 503
Main Street in Scott City is situated on 10 acres of property
complete with its own railroad spur.
He said the company would utilize the railroad and the SEMO port
facilities for incoming product. No
sales price was announced but the Lorimont website shows a $1,600,00
price for the property.
The company is a
major supplier to Rubbermaid in Jackson and this new manufacturing
facility would enable them to increase their business and give better
on-time delivery with the closer location.
Kelsey said Arrowhead Steel is a present tenant in the building
and plans were for them to remain in a portion of the building.
Mid South Wire
founded in 1967 is a family owned business and they expect to grow to 50
employees at the new Scott City facility.
They also have their own trucking fleet and will use this
location as their logistics hub.
Mitch Robinson,
director for Cape Girardeau
Area Magnet was also involved in the recruitment of the company to
come to the area said, “ We are pleased to welcome a new manufacturer
that will benefit our entire region.
This partnership that Mid-South Wire has with Rubbermaid helps in
our efforts for workforce retention
and the creation of new jobs for both companies”
Tim Porch, Scott
City’s Mayor also was elated to have a new industry in town said
“new jobs in our community is always a big deal for the city.
We are elated that this family owned company selected our town to
locate to”.
Kelsey said the
industrial building market has been very active in recent times
beginning with the sale of the 260,000 square foot former Supervalu
building, also in Scott City to Buchheit’s.
His company also handled the sale of the 75,000 square foot
former Columbia Sportswear property
at Chaffee and the 103,000 square foot warehouse building in Jackson
purchased by ISI Recycling.
Last week a sale closed on the former
50,000 square foot Media
Press building in Sikeston that will be utilized for contract
warehousing.
Mid-South
Wire is already moving ahead with modifications on the building. They announced they expect to start with 25 new jobs and
increase that to 50 within two years.
For Additional Information Contact: |
