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60,000-SF warehouse shipment to Sherman industrial park60,000-SF warehouse shipment to Sherman industrial parkhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=105632015-09-29T05:00:00Z

​​​​​​​SHERMAN - Sherman’s shortage of industrial buildings available for development will soon be lessened somewhat thanks to the impending addition of a 60,000-sf commercial warehouse in Midway Industrial Park — east of Midway Mall on Fallon Dr.

Thanks to an incentive agreement approved by the Sherman Economic Development Corp. Board of Directors, Midway Warehouses LLC is planning to construct the warehouse that will be made available for commercial development.

“This is being built strictly as a spec building,” Joe Passanisi, operations manager for Midway Warehouses, said. “It has the ability to be broken into smaller pieces or (be used for) one large tenant. We’ll do anything from a 10,000-sf tenant up to the full 60,000 sf.”

The SEDCO incentive agreement will pay Midway Warehouses $500 per month for 60 months once the building is completed. When the building finds a tenant, Midway Warehouses will begin the process of reimbursing SEDCO at a rate of $2.20 per sf of leased space.

Midway Warehouses has 180 acres of additional space available for development in Midway Industrial Park.

Herald Democrat
Sherman-Denison
Industrial
http://heralddemocrat.com/news/local/sedco-announces-commercial-warehouse-developmentRead more at the {Source}

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