CAPE SHOE PLANT SOLD!

1600 S. West End Blvd. - Cape Girardeau, MO

Two large Cape Girardeau commercial buildings have been sold, one of them the former Florsheim Shoe manufacturing plant, most recently occupied by Cape Shoe Company at 1600 West End Blvd. 

Tom Kelsey, broker with Lorimont Place, Ltd. who handled the multi-million dollar transaction said Cape Shoe Company and RM Coco Fabrics 21 purchased each others properties.  

The 94,000 square foot former shoe manufacturing plant on 12 acres was purchased by the fabric distributor and will combine their distribution and manufacturing divisions into one facility.  Jim Rust who heads up the company announced that they would begin extensive renovations on the property including new offices and other modifications to accommodate their growing operation. Plans are to be in their new property by January 1, 2003.   

Kelsey said that Cape Shoe Company, headed by Eli Fishman would resell the 26,000 square foot RM Coco Fabrics property he acquired in the transaction located at 2355 Rusmar.  Lorimont has the exclusive sales listing and the property and is currently being offered for sale.  

Cape Shoe will immediately move to leased space in the former Ralph Edwards Sportswear building in Cape Girardeau, so renovations may begin on the former shoe plant and the RM Coco group will lease their building from Cape Shoe until the first of the year.

Fishman, who intends to continue manufacturing his shoe line in Cape Girardeau found the former Florshiem building that he purchased in January of 2000 was much too large for his manufacturing needs and wanted a smaller building for economies of operations.  

Cape Shoe has been nationally recognized for their 100% American made products and Fishman says their shoe sales continue to increase throughout the country.