CITY OF CAPE PURCHASES 12 ACRES

IN SIX-THIRTY INDUSTRIAL PARK

The City of Cape Girardeau recently purchased 12 acres in the Six Thirty Industrial Park. Tom Kelsey, broker for Lorimont Place, Ltd., who handled the transaction said the land site is located on Corporate Circle, east of the Dana Plant and north of Midsouth Steel Products.

Kelsey said it is his understanding that the city has plans to eventually build a new maintenance facility on the site, which would replace the existing operation on North Kingshighway. Up to 75,000 square feet of office space, shop and storage facility could occupy the recently purchased land tract within the next three to five years.

The industrial development is already home to over 17 Cape Girardeau companies, with several on the drawing board for constructing new buildings. Projects underway in the industrial park include Jim Wilson Company, who will relocate into a 70,000 square foot warehouse/operations facility and the recently completed Rental Service Corporation located between Ryder Transportation and Cape Central Publishing. Plans are also underway to build up to a 100,000 square foot public warehouse on a five-acre tract just west of the Dana Plant. Santie Wholesale Oil Company from Sikeston, who purchased property a few years ago still plans to construct a facility on a site just west of Cotner Electric in the near future.

Kelsey said his company; Lorimont is handling most of the sales for the development and offers land tracts from 1 to 12 acres. Another 3.25-acre parcel has also been sold and announcement will be made in the very near future regarding this sale.