NASH ROAD WAREHOUSE & PROPERTY SOLD!

A former liquor distribution warehouse property on Nash Road has been sold to a Cape Girardeau based trucking and logistics company according to Tom Kelsey, commercial broker with Lorimont Place, Ltd. who handled the recent sale.

Kelsey said the former 36,500 square-foot Moon Distributing building located at 4240 Nash Road was recently sold to Morningstar Logistics, a company owned by the Meystedt family who also operates Genesis Trucking Company.

It was his understanding the distribution facility would be completely refurbished by Morningstar and used for tenant warehousing by the new owners.  The business provides complete trucking, inventory and storage services, primarily to the industrial and manufacturing sector.

The block and brick building, located on 4.67 acres was originally built in the 1970’s as a liquor warehouse by Moon Distributing and used by them as a regional distribution facility for many years until they were acquired by Major Brands several years ago.  Since that time, according to Kelsey the building has been used by several warehouse tenants.

The property’s close proximity to the Interstate 55 interchange, the Cape Girardeau Regional Airport and Southeast Missouri Port Authority will make it attractive for its intended use by the new buyers.  Kelsey said the building was formerly owned by Six Thirty, Inc., which is a corporation owned by the Gene Rhodes family.

The Lorimont broker, who exclusively handles commercial and industrial real estate said inquiries and interest for industrial buildings and lease space for the area are still at decent levels even during the current national economic slowdown.  He said “this speaks well for the attractiveness and viability of our area here in Southeast Missouri”.