The following is an excerpt from the July 1998 issue of Midwest Real Estate News

 concerning real estate news in the Cape Girardeau area

Besides the excitement of Proctor & Gamble's $350 million investment in a new factory, Mitch Robinison, executive director, Cape Girardeau Industrial Recruitment Association, says that several national corporate warehousing companies are also looking at Cape.

Tom Kelsey, broker, Lorimont Place, Ltd, proudly says, "Our commercial and industrial growth in the last two years has been phenomenal.  A lot of big box users like Stapes, Target, etc. are recognizing cape as being a real regional area that has a lot of viability".

Lorimont Place is involved in the development of the 250-acre Six Thirty Industrial Park, home to 16 companies and where Cotner Electric, Elfrink Transportation and Santie Wholesale Oil all have either buildings under construction or plans to build.  Kansas City-based Cohen-Esrey is building a 48 unit apartment complex in the area of the industrial park with federal and state tax credits and more than $1.5 million in subsidized loans.  Families may not make more than $23,000 a year (60%) of Cape Girardeau County's median income) when they move in.  Kelsey, who sold the site to the apartment development hopes it is the first of several additional units to be added.