Meridian, Miss. A video has been released in hopes of landing a buyer for one of Meridian's largest and most prized pieces of real estate. There are high hopes from some that an almost three minute virtual tour video of the vacant Handy Hardware Building in Meridian will be beneficial.
The bank which owns the building, Capitol One, has hired the national real estate company, Studley, to market it.
"Studley is using their data base, their national data base to help market the Handy Hardware building," says Wade Jones, who is president for the East Mississippi Business Development Corporation. "So, we can put a user in there, not an investor. Not someone to buy the building, to use a real estate firm to flip it to make a profit, but someone who will occupy it, make a profit and employ Meridianites, and people from this region."
Comprised of 466,000 square feet of space, Jones says the plan is to attract the right buyer to the facility.
"I think that the best fit for the Handy building is for distribution, but it could also be used for manufacturing."
Jones is currently in Dallas, Texas meeting with site consultants in an effort to help promote the vacant structure.
"80% of the leads that we get for request for information come through the Mississippi Development Authority, and they work with consultants. So, 80% of our projects actually come through consultants, site location consultants."
As in the past, Jones is optimistic that working closely will consultants will help land a buyer.
You can view the virtual tour of the Handy Hardware building by logging on to the EMBDC's website at embdc.org.