Posts Tagged ‘industrial real estate’

Supervisors offer option on land to KiOR for plant

NATCHEZ — The Adams County Board of Supervisors has offered to extend an option on the former Belwood Country Club property to alternative fuel manufacturer KiOR. KiOR previously had a contract signed on a 120 acre-tract of the county-owned Belwood property but the option had expired. Board attorney Scott Slover tells The Natchez Democrat KiOR […] [...]

County buys land in industrial park with RDA loan

COLUMBUS — Lowndes County will spend $5.5 million on three tracts of land at the GTR Global Industrial Aerospace Park. County administrator Ralph Billingsley tells The Commercial Dispatch that the county is using money borrowed from the Rural Development Authority in 2011. Billingsley says the county initially borrowed $13 million from the RDA to finance […] [...]

County taking bids to clear timber off old IP site

NATCHEZ — The Adams County Board of Supervisors is advertising for bids for the removal of timber from the 470-acre site of the old International Paper plant. Board vice president Mike Lazarus tells the Natchez Democrat that the property’s previous owners, Rentech, were already logging the land when Adams County bought it in August. “The […] [...]

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, […] [...]

City brings in consultant to look at brownfields redevelopment

GREENVILLE — The city of Greenville has hired an environmental consultant who will assess potential redevelopment sites for soil contamination. The Delta Democrat Times reports that the city has hired Marietta, Ga.-based EarthCon Consultants Inc. Greenville Mayor John Cox, in May, accepted two Brownfields Assessment Grants totaling $400,000 for the city. “Brownfield” refers to property […] [...]

Supervisors want industrial site for hunting until buyer is found

NATCHEZ — While Adams County officials wait an industrial prospect to show interest in the old International Paper site, some local residents want to lease a wooded area of the property for hunting. Adams County is marketing the 478 acres to industrial prospects. Officials also have said they are in negotiations with Natchez Railway for […] [...]

Wind pool rate to go up 3.2% for homeowners, 5% on commercial policies

MISSISSIPPI GULF COAST — Insurance rates for the state wind pool are set to increase Dec. 1 on renewals and new policies. The Sun Herald reports a Mississippi Insurance Department filing shows owners of homes and mobile homes will see hikes of 3.2 percent, and commercial policies will go up 5 percent. Wind pool director […] [...]

County takes out USDA loan to buy lans for wood pellet plant

LUCEDALE — George County supervisors have signed off on $1.3 million in U.S. Department of Agriculture loans to pay for land where a new wood pellet plant will go. The Mississippi Press reports that the USDA rural development loans will be used to purchase the property that will expand the George County Industrial Park. Green […] [...]

Missouri company buys warehouse; plans industrial center

COLUMBUS — St. Louis-based Stuart B. Millner and Associates has bought the 700,000-square-foot Omnova Solutions warehouse and office space with plans to turn it into a multi-tenant industrial center. Omnova’s distribution center will remain as a tenant on the property, which sits on 92 acres near Columbus on Mississippi Highway 69 South. Multiple companies have […] [...]

Leaders looking for new business at ex-Rentech site to avoid tax hit

NATCHEZ — Economic development leaders in Adams County hope an anticipated loss of $135,000 in property taxes from the former Rentech site will be offset by attracting new industry. The Natchez Democrat reports the county’s acquisition of the property is expected to close Aug. 12. Adams County is borrowing $9 million to buy the former […] [...]

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