Mississippi Business Journal » warehouse

County to buy abandoned warehouse, industrial property

Associated Press — Mon, 29 Apr 2013 16:37:20 +0000

NATCHEZ — Adams County has agreed to buy a 450,000-square-foot warehouse at the Natchez-Adams County Port. County board of supervisors President Darryl Grennell says the warehouse will help economic development in the area. The warehouse on the Mississippi River houses products loaded on and unloaded off barges. The port has operated the warehouse for Valley [...]

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Beer wholesaler becomes inaugural recipient of award

MBJ Staff — Wed, 20 Mar 2013 13:24:19 +0000

TUPELO — Mitchell Distributing Company was recognized by Anheuser-Busch InBev (ABI) as one of the top wholesalers in the country at the annual Wholesalers Excellence Meeting in Las Vegas. Mitchell Distributing was selected as an inaugural recipient of the Ambassadors of Excellence Award, an award granted to wholesalers who have earned “Top Performer” status for [...]

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Bankrupt company says it owes county nothing

Associated Press — Wed, 20 Mar 2013 11:48:19 +0000

MERIDIAN — The financial consultant brought into reorganize bankrupt Handy Hardware says the Texas company disputes a claim by the state of Mississippi that it owes $3.5 million to Lauderdale County. Handy Hardware President Morrie Aaron cites a 2009 memorandum of agreement that says Handy would not have to repay a federal Community Development Block [...]

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Firm that owes state millions files for bankruptcy

Associated Press — Mon, 11 Mar 2013 16:30:50 +0000

MERIDIAN — A Texas company that Mississippi officials say owes the state $3.5 million has filed for bankruptcy, complicating collection efforts. Handy Hardware, a hardware wholesale cooperative, announced in November it was closing its two-year-old Meridian warehouse. By then, the Houston company had missed an October interest payment to Capital One Financial Corp. and defaulted [...]

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EastGroup’s profits soar due to warehouse deal

Associated Press — Wed, 13 Feb 2013 13:17:35 +0000

JACKSON — EastGroup Properties’ profit nearly doubled in the fourth quarter thanks to the sale of an Oklahoma warehouse. The real estate investment trust said Tuesday that quarterly profit rose to $12.2 million, or 41 cents per share. That’s up from $6.4 million, or 24 cents per share, in 2011′s fourth quarter. For all of [...]

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Delta city officials ask lawmakers again for lodging tax

Associated Press — Fri, 18 Jan 2013 13:41:16 +0000

GREENWOOD — Officials have asked the Legislature to approve a 2-cent increase in the local lodging tax so the city of Greenwood can renovated a local warehouse into a convention center. It will be third time the city has asked for the increase. The Greenwood Commonwealth reports both previous times the request for a lodging [...]

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Consumer products company building warehouse

Associated Press — Wed, 09 Jan 2013 14:28:08 +0000

SOUTHAVEN — Consumer products company Helen of Troy will build a new $37-million warehouse in DeSoto County. The company, based in El Paso, Texas, already owns a 1.2 million-square-foot warehouse in Southaven. It will give up 700,000 square feet of leased space in Memphis, Tenn. Officials said Helen of Troy would create 300 jobs. It’s [...]

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Retailer signs warehouse lease; creating hundreds of jobs

MBJ Staff — Fri, 09 Nov 2012 17:54:23 +0000

OLIVE BRANCH — Philadelphia-based specialty value retailer Five Below has signed the lease for a new distribution center in Olive Branch. Terms were not disclosed. The 600,000-square-foot facility, located at 9105 Hacks Cross Road, is Five Below’s second distribution center and will allow the company to more quickly and efficiently supply stores in the South [...]

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State plans to demand refund from Handy Hardware

Associated Press — Fri, 09 Nov 2012 13:35:29 +0000

Handy Hardware, a Texas-based hardware store cooperative, plans to close its two-year-old Meridian warehouse on Dec. 31, laying off 109 workers. The Mississippi Business Journal earlier reported the facility was closing after receiving a release from the Office of Mayor in Meridian. Mississippi Development Authority spokesman Dan Turner said the state contributed a $3.6 million [...]

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Governor pushing port to act; worried about losing $500M

Associated Press — Thu, 08 Nov 2012 12:53:12 +0000

GULFPORT — Gov. Phil Bryant says he wants quicker action on issues stalling development at the Port of Gulfport. Bryant says the project needs to move forward and produces 1,200 new jobs in order for officials to avoid the chance of losing $500 million in federal money. The governor is worried the project’s unused funds [...]

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