Posts Tagged ‘industrial real estate’

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. […] [...]

With storms already brewing, Chaney urges insurance

JACKSON — Mississippi Insurance Commissioner Mike Chaney says people should review insurance policies as part of storm preparations as hurricane season approaches. Chaney says in a news release that most insurance companies won’t accept new applications after a designated hurricane or named storm enters the Gulf of Mexico. He says such a storm could develop […] [...]

Illinois company buys another facility in Columbus

COLUMBUS — Agracel Inc., an industrial development firm headquartered in Effingham, Ill., has purchased of the 137,700-square-foot Mississippi Steel Processing (MSP) operation in Columbus. The facility sits on the campus of Severstal North America. Terms were not disclosed. MSP is a relatively new company offering toll processing, storage and logistics and first-stage fabrication of hot […] [...]

County borrowing to buy land from alternative fuels company

NATCHEZ — Adams County will borrow the $9 million it now needs to buy the former International Paper property from Rentech. County officials announced earlier this week they had reached a deal with Rentech for the 478-acre property. Officials tell the Natchez Democrat the board of supervisors will adopt a resolution to issue bonds for the […] [...]

County looking to buy land from alternative fuel company

NATCHEZ — Adams County officials are continuing talks on buying the former International Paper site from Rentech. The Natchez Democrat reports supervisors met Monday and board attorney Scott Slover said no decision has been made. The IP mill was once home to the area’s biggest employer but was shuttered in 2003. Rentech purchased the property […] [...]

Energy companies eyeing sites in Natchez area

NATCHEZ — Adams County hopes to advertise for bids in April for port improvement construction related to a biofuels project. Elevance Renewable Sciences Inc. announced in 2011 its plans to convert the Delta BioFuels plant into a bio-refinery, in which fuels and other chemicals will be produced from organic matter. The company — which makes […] [...]

Company doesn’t use $1.1M in economic development incentives

NATCHEZ — Economic development authorities were able to secure $1.1 million in grants and rail loans as part of a package to entice Genesis Energy to locate its new loading and unloading terminal in Natchez last year, but in the end that money wasn’t needed. Genesis opened its terminal in the port earlier this year. […] [...]

North Carolina-based company sites plant

NATCHEZ — Towel and tissue supplier von Drehle Corp. of Hickory, N.C., has announced it will locate a manufacturing plant in Natchez. Officials say in a news release that the company, which provides paper products to commercial and industrial consumers nationwide, will create at least 100 new jobs. Von Drehle acquired the former Mississippi River […] [...]

Furniture maker opening another facility; creating 60 jobs

VERONA — Ashley Furniture Industries is locating operations in a 275,000-square-foot facility in Verona, and will create 60 jobs at its new facility, according to the Mississippi Development Authority. Ashley Furniture maintains manufacturing operations in Ecru and Ripley. The furniture manufacturer will use its new Verona facility, which is located on a 35-acre site in […] [...]

Partners plan for redevelopment of warehouse row

CORINTH — A block of old warehouse buildings is getting a makeover in a redevelopment plan by a partnership in Corinth. The Daily Corinthan reports Trey Albright and Stuart Green recently acquired the buildings in the 100 block of Wick Street, along with several buildings in the area, with plans to renovate them for rent. […] [...]

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