The 19,044-sf call center at 21120 Johnson Rd. wasn't availablewhen ProVisions bought Oreck's 360,500-sf office/warehouse at 21180Johnson Rd. last year, according to Craig Laher, managing directorfor the buy side. "We were re-approached," he says, adding theCookeville, TN-based seller marketed the call center to a justselect few before ProVisions' contract on the table.

|

ProVisions' leverage wasn't just the next-door property, but itis a well-known force in public and private joint ventures in thestate, working extensively with Mississippi's economic developmentgroups. "We have a lot of faith in Mississippi and its leadershipin economic development," Laher says. "Mississippi's really not asecret any longer to businesses looking to expand in that part ofthe South."

|

[IMGCAP(2)]Laher tells GlobeSt.com that the repositioning planis based on a three- to five-year hold. The call center, deliveringthis year on a four-acre tract, will be marketed to one user on afor sale or for lease basis while the retooled 360,500-sfstructure, situated on 23.2 acres, will be broken into multi-tenantspace. Laher says Triton Systems has leased part of the building,with enough deals in the pipeline to fill roughly 50% of theremaining space.

|

Renovated and re-branded this year, the I-10 Business Center has24,000 sf of office, 195,000 sf of warehouse area and 141,500 sf ofdistribution space. Laher says the space is being divvied because"the building is pretty large for the market."

|

The 405-acre Long Beach Industrial Park is four miles fromInterstate 10 and five miles from a barge terminal and deepwaterport at the Mississippi State Port at Gulfport, MS. The rail-servedpark also is within 10 miles of a regional airport. Local officialsdidn't return telephone calls to answer questions about the park,including the amount of industrial space that it sports. On itswebsite, the park is touted as being a mainstay for the localeconomy since the 1960s.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.