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Tag Archives: warehouse

Bankrupt company says it owes county nothing

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 Grant used to improve the ...

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Firm that owes state millions files for bankruptcy

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 on $26 million in debt. ...

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EastGroup's profits soar due to warehouse deal

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 2012, EastGroup profits rose to ...

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Delta city officials ask lawmakers again for lodging tax

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 tax increase to fund renovation ...

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Consumer products company building warehouse

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 unclear if that counts jobs ...

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

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 could be taken back by ...

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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. Albright and Green have collaborated ...

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Florida company building facility in DeSoto County

OLIVE BRANCH — Officials from Anda Distribution, a leading distributor of generic pharmaceuticals within the U.S., is locating warehousing and distribution operations in Olive Branch. The company is constructing a new 234,000-square-foot facility in the Crossroads Distribution Center that is projected to be operational by the second quarter of 2012. The project represents an approximately $23-million investment by the company ...

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