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,
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
Lorimont has the exclusive sales listing and the property and is
currently being offered for sale.
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.
has been nationally recognized for their 100% American made
products and Fishman says their shoe sales continue to increase
throughout the country.