Posts Tagged ‘EastGroup Properties’

Real Estate Forum panelists: Lenders, investors hungry for deals on residential rentals in Mississippi, elsewhere

By TED CARTER Such Mississippi cities as Ridgeland and Pearl are fed up with multi-family residential complexes to the point they want to retroactively zone them out of existence. But the market for such developments across Mississippi and the rest of the South is white hot and likely to grow even hotter, said commercial real estate […] [...]

EastGroup reports increase in revenue, profit

JACKSON — More tenants are renting industrial space from landlord EastGroup Properties, pushing up revenue and profit in the third quarter. The company said quarterly profit rose 24 percent to $8.4 million, or 28 cents per share, in the three months that ended September 30. That’s up from $6.8 million, or 23 cents per share, […] [...]

EastGroup Properties sees quaterly earnings decrease

JACKSON — EastGroup Properties reported strong results for the second quarter, but profit fell from a year earlier, when the company recorded a large gain selling real estate. The industrial landlord said yesterday that quarterly profit fell 4 percent to $7.6 million, or 25 cents per share, in the three months that ended June 30. […] [...]

Jackson faces geographic challenges on warehouse distribution front

Warehouse distribution centers are going to become more prominent than ever once an expanded Panama Canal opens in early 2015 and greatly increases an already-enormous volume of retail goods coming into the United States from China and the rest of Asia. Jackson, though a trucking and rail crossroads, could have a difficult time taking part […] [...]

EastGroup an entity all its own

While Parkway Properties is shifting its operations to Orlando and selling off nearly all its Jackson office properties, a company often incorrectly thought of as a cousin to Parkway — EastGroup Properties — is staying put in Mississippi’s capital. EastGroup CEO David H. Hoster II says the only reason his company and Parkway are believed […] [...]

Shipping company signs Jackson lease

Tiger Logistics LLC has signed a lease for 11,250 square feet at Space Center Park in Jackson. The Park, a 90,000-square-foot, multi-tenant warehouse building, is owned by 1355 Associates and was represented by EastGroup Properties. Investec Realty Services of Memphis, Tenn. Represented the lessee. [...]

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