Feb. 11, 2019
The former Midwest Painting building and property at 2121 Bessie Street in Cape Girardeau has been purchased by Presort, Inc., a St. Louis based company in the direct mail expediting business. Tom Kelsey, commercial Realtor, with Lorimont Commercial Real Estate who represented the seller said he understood the new buyers would equip and occupy the property very soon.
The company provides presort services for direct mail services including letters, flats, and direct mail marketing. Their operation has resources and capabilities to maximize postage savings and ensure timely delivery. They operate closely with the United States Postal Service by processing more than 50-million direct mail pieces throughout the year. By combining large volumes of mail from companies of all sizes, they offer businesses access to significantly lower postage and handling costs than what most companies could obtain on their own. All of this is accomplished while providing best-in-class tracking and security services. Presort, Inc. is the leading provider of outsourced mail services and presort services. The buyer was represented by Kara Gendron with Realty Executives of Cape County.
Kelsey said the seller, Cape Girardeau based Midwest Painting, had outgrown the 3,280 SF building and purchased a larger facility at 758 Enterprise in Cape Girardeau. The Lorimont broker also handled that transaction back in November.