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The former Rowe
Furniture manufacturing plant at Morehouse is officially on the
market for sale. This is
according to commercial broker; Tom Kelsey with Lorimont Place, Ltd. in
Cape Girardeau who has been enlisted to sell the property for the
Virginia based furniture manufacturing company.
Kelsey said the 90,000 square-foot building located
at 102 Front Street in Morehouse would be marketed nationally and
internationally by his brokerage firm.
The property includes over 106 acres of land and would be
suitable for either another manufacturing facility or could be converted
to a warehouse or distribution center.
Rowe announced last September that they were filing
for bankruptcy protection resulting in the closure of both of their
Missouri manufacturing plants in Poplar Bluff and Morehouse.
The decision cost the region over 400 jobs last November.
Kelsey, a real estate broker since 1974 is no
stranger to finding buyers and tenants for vacant area industrial
properties. He has sold 9
large manufacturing or warehouse buildings, representing over one
million square feet within the last 24 months in Southeast Missouri.
Five of these properties were located in Scott County including
the Supervalu and Mid-South
Wire buildings in Scott City, two in Sikeston with the Patriot
Homes plant and former Media
Press property and the former Columbia
Sportswear plant in Chaffee. His
large building inventory currently includes the Dana
Plant in Cape Girardeau and the former Gleason
Manufacturing plant in Caruthersville, Missouri.
Similar marketing and networking with other
industrial brokers will be utilized on the Rowe property in order to
give it adequate national exposure and awareness to prospective buyers
and tenants. Working with
state and local economic development agencies will also be important.
The Lorimont website shows the property listed at $980,000 that
includes the 106 acres of land.
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