EMERSON ELECTRIC FACTORY IN KENNETT ON THE MARKET

Emerson Electric Located at 500 N. Morrow Street, Kennett, Missouri

A 271,800 square-foot manufacturing facility located in Kennett, Missouri formerly occupied by Emerson Electric is being marketed by a Cape Girardeau, Missouri commercial real estate company according to Emerson Electric corporate officials.  Lorimont Place, Ltd. Commercial Real Estate has been appointed the exclusive broker to handle the property that once employed hundreds of workers in the bootheel town.

Lorimont’s President and Broker, Tom Kelsey said that the company is no stranger to working with finding buyers and tenants for commercial properties. “We have sold 9 large industrial buildings in the Southeast Missouri area representing nearly 1.5 million square feet within just the last few years,” Kelsey said. All of the other sold properties are located within the Southeast Missouri region. The company has 15 years of experience in sales and marketing with commercial properties. Kelsey has been involved in real estate most all of his life, licensed as a Missouri real estate broker since 1974.

Lorimont Place Ltd. will use similar marketing and networking procedures that have been used with other industrial buildings, along with contacting prospective buyers to give the Kennett property adequate national exposure and awareness.  Similar marketing and networking procedures for buildings that have sold through the company include the Rowe Plant in Morehouse, MO, which recently sold to Buchheit Trucking Co., and the Dana Plant in Cape Girardeau, which recently sold to a Cape tire distributor, Plaza Tire. 

Even in the state of today’s economy, available industrial buildings are slim in the entire Southeast Missouri area, according to Kelsey. “Anyone looking for a good industrial building in our area will most likely investigate the usability of this property,” Kelsey said of the former Emerson Electric building.

The company’s immediate strategy is to implement a blitz like campaign to make all prospects aware of this building opportunity. The property includes 271,800 square feet of total building, 10,350 square feet of office area, 36 acres of property, and up to 18’6” of ceiling heights. “Our motto is, ‘There’s a buyer for every piece of property, you have just to get it in front of them,”’ Kelsey said.  Other efforts will include working with local, regional and state economic development agencies.

(Portions of this article reprinted courtesy of The Daily Dunklin Democrat Newspaper)