Quality Iron buys industrial property
The Houston Board of Aldermen voted last week to sell 12-acres in the industrial park on Robinson Road west of town to Quality Iron Works for approximately $2,000 an acre.
“They want to build a building out there and bring work to the area,” said Joyce East, Executive Director of the Chickasaw Development Foundation. “CDF has done their homework and talked to them extensively and we do recommend you sell them this property.”
East said while the 12-acre tract is outside the city limits and while won’t bring additional taxes to the city, it will be an expansion of an existing industry. East said Quality Iron will see the number of people it employs in Houston double to approximately 16.
Quality Iron is owned by Jeremy Harrell and the local shop will fabricate stairs for commercial and industrial use. The company employs machinists, welders and fitters.
The Quality Iron site is west of Crop Productions Services, which also bought property from the city and expanded its business last year.
The Houston Board of Aldermen were also updated on plans to purchase the former Shannon Chair property and lease it for warehouse space.
“We have completed Phase One and conducted a survey of the property and will now move to Phase Two,” said Houston Mayor Stacey Parker. “We do have some environmental concerns based on some paint and varnish rooms out there. We are also looking at the cost of insurance and the type coverage we need.”
Parker said the city allocated $2,500 for Phase One and Phase Two expenses could run about $15,000.
The Houston Board of Aldermen met in December to hammer out a deal to purchase the building for approximately $290,000 from Ron Jackson.
The newer portion of the 200,000-square-foot building is being leased by International Paper as a warehouse with approximately 8 to 10 jobs linked to the building.
Key points the city is looking to nail down is an environmental study to see if the property is contaminated, an 3-year lease with International Paper and low-interest financing from Three River Planning and Development to pay for the deal.
Representatives from Three Rivers have pointed out if the city owns the building it would be eligible for grants to improve it.
Pending the approval of aldermen the deal would also need to be voted on by the Chickasaw Development Foundation Board of Directors.
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