Acquisitions

Jan. 4, 2019

Perryville Sears Building Has New Owner

A Perryville commercial retail property that currently is occupied by the Sears retail store in Perryville, has been recently sold.  Tom Kelsey, commercial broker with Lorimont Commercial Real Estate, who represented the sellers confirmed the real estate sale closed last week on the property owned by John and Lisa …

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Nov. 30, 2018

Midwest Painting to Relocate

The former Hi-Tech Automotive property at 758 Enterprise has been recently sold to Midwest Painting and Wallcovering of Cape Girardeau.  Tom Kelsey, broker with Lorimont Commercial Real Estate handled the sale to the Cape Girardeau based commercial painting contractor.  Kelsey said Barrows, owner of Hi-Tech Automotive, has decided …

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Oct. 16, 2018

U-Haul Purchases Former Magna-Tel Property

The former Magna-Tel property at 775 S. Kingshighway in Cape Girardeau has been purchased by U-Haul International.  Tom Kelsey, broker with Lorimont Commercial Real Estate who handled the sale, confirmed the real estate transaction had been finalized earlier this week.  Kelsey said he understands the 27,100 square-foot …

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Sept. 18, 2018

Drury Southwest Acquires Lorimont Place Development

One of the largest corporate developments in the Southeast Missouri region has been recently sold according to Tom Kelsey, broker with Lorimont Commercial Real Estate.  Kelsey, who handled the sale confirmed that Drury Southwest through its affiliate, DSW Development Corporation has acquired Lorimont Place located at 240-280 S. Mount …

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Sept. 14, 2018

Krispy Kreme to Locate on William

At long last, Krispy Kreme will officially be bringing its signature doughnuts to Cape Girardeau.  Tom Kelsey, commercial broker with Lorimont Commercial Real Estate, who handled the property sale, confirmed the real estate transaction has been recently completed. The location will be directly east of the El Torero Mexican …

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June 22, 2018

China Town Buffet to Move, Rename

China Town Buffet plans to eventually move a block south of their present location according to Tom Kelsey, commercial broker with Lorimont Place, Ltd. Kelsey said his company recently brokered the sale of the former Pagoda Gardens property at 329 S. Kingshighway to Jerry Feng, owner of China Town Grill …

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June 1, 2018

Angela Francis Interiors & Steel Concepts to Relocate

Two Cape Girardeau businesses will relocate to a larger location within the next few months according to Tom Kelsey commercial broker with Lorimont Place, Ltd who handled the recent sale. Angela Francis Interiors, owned by Angela Francis, along with her husband’s business, Steel Concepts and Designs, LLC, will move into …

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May 18, 2018

SEMO Ready Mix Expands Operations in Sikeston

A regional ready mix company has acquired additional property in Sikeston to expand their operations there. Tom Kelsey, commercial broker for Lorimont Place, Ltd., who handled the recent sale announced Semo Ready Mix has acquired 12.3 acres adjacent to their present batch plant at 955 School Street in Sikeston …

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May 15, 2018

Coles Acquire Lorimont Real Estate Firm

Lorimont Place Ltd., a commercial and industrial real-estate brokerage firm, will be acquired by Chris Cole and Bill Cole of Realty Executives of Cape County, according to a recent announcement. The two firms will remain separate brands, Chris Cole wrote in an email Monday — there will be no merger …

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Nov. 17, 2017

Lanter Delivery Opens Warehouse

Madison, Illinois based Lanter Delivery Services has opened a new distribution warehouse at 4014 Nash Road in Cape Girardeau. Tom Kelsey, commercial broker with Lorimont Place, Ltd. handled the recent transaction for the cross-dock type warehouse facility. The building contains multiple dock doors for quickly processing daily incoming and outgoing …

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