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Tag Archives: storage

New York-based fund buys salt dome complex

SMITH COUNTY — Macquarie Infrastructure Partners II (MIP II), a North American infrastructure fund headquartered in New York, completed the acquisition of Leaf River Energy Center LLC from NGS Energy, LP. Terms of the transaction were not disclosed. Leaf River is an underground salt cavern facility located in Smith County. The Leaf River complex currently consists of two commercially operational ...

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Retailer signs warehouse lease; creating hundreds of jobs

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 and Midwest with its broad ...

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State plans to demand refund from Handy Hardware

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 grant to Handy and plans ...

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Boat facility to be razed after land swap proposal fails

OCEAN SPRINGS — The state Department of Marine Resources is going to tear down and remove the large boat storage shed it owns in Ocean Springs Harbor. The Sun Herald reports it will not be swapped for land on Back Bay in Biloxi. Bill Walker, head of the DMR, said Wednesday they couldn’t work out the legalities of a land ...

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Sempra gets approval for second gas-storage facility

SIMPSON COUNTY — Sempra U.S. Gas & Power, LLC, a subsidiary of Sempra Energy, reports it has received authorization from the Federal Energy Regulatory Commission to place a second underground natural gas storage cavern into service at its Mississippi Hub Storage facility located in Simpson County. The additional 7.5 billion cubic feet (Bcf) cavern expands the facility’s total working gas ...

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Boardwalk buys remaining interest in natural gas storage complex

FORREST COUNTY — A Boardwalk Pipeline Partners, LP subsidiary has purchased the remaining 80 percent equity interest in Boardwalk HP Storage Company, LLC, from Boardwalk Pipelines Holding Corp., a wholly-owned subsidiary of Loews Corporation and the parent of our general partner, for approximately $285 million, which is the same price paid by BPHC when it acquired this interest in December ...

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Cardinal buys gas storage facility for $148M

MONROE COUNTY — Cardinal Gas Storage Partners, LLC, has acquired Monroe Gas Storage Company, LLC, as well as an option on development rights to an adjacent depleted natural gas reservoir from High Sierra Monroe, LLC, a wholly-owned subsidiary of High Sierra Energy, LP, and certain other shareholders. The total consideration is approximately $148 million. Monroe is a FERC-regulated, high deliverability ...

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