New Midway Building Breaking Ground in January
SHERMAN, Texas (MMD Newswire) January 7, 2016 — The Sherman Economic Development Corporation (SEDCO) and Mid-way Warehouses, LLC are proud to announce a new 60,000 square foot commercial warehouse will soon break ground, having received approval from the city council.
The new building is a response to the rapid commercial growth of the Texoma region, which is conveniently located half an hour from key population centers in North Texas and Southern Ok-lahoma, including the Dallas / Fort Worth Metroplex.
“As Sherman continues to grow, there is a need for new commercial warehouse space,” said Willie Steele, chairman of the board for SEDCO.
“This building will offer us new opportunities to recruit companies who have an immediate need for manufacturing, distribution, or flex space,” stated John Plotnik, president of SEDCO.
Midway Industrial Park acquires its name from a convenient location midway between Sherman and Denison, the principal cities in the two-state Texoma region. The sprawling 300-acre com-plex is currently home to the United Parcel Service (UPS), Federal Express (FedEx), PepsiCo, Frito Lay, Eaton, and many other corporations. 180 acres remain available for development, of-fering tenants existing warehouse space or the option to build to suit with numerous pad site sizes and configurations.
“This new building will expand our existing master-planned industrial park, allowing for contin-ued growth,” said Oliver McElory, managing partner of Midway.
“The rapid pace of our economic growth during the last few years has turned Sherman into a poster city for the Lone Star State’s booming economy,” said Sherman Mayor David Plyler. “This warehouse partnership between SEDCO and the private sector will help eliminate any bot-tlenecks in our local building availability, while providing the space to house hundreds of good-paying jobs.”
Midway’s new building will have 30-foot eve heights to allow for multiple uses. The developer will have the option to sub-divide the building to allow for office space or additional tenants if the entire space is not utilized. Power, water, and sewer facilities will be easily accessible, as well as room for future expansion should a larger facility be needed. Major highways leading to Dallas / Fort Worth, East Texas, West Texas, and Oklahoma are within ten minutes, making the warehouse/manufacturing space perfect for immediate access to DFW.
“We are excited to partner with SEDCO as we prepare to break ground on this new facility. It is our hope that this building will attract new businesses to Sherman,” said Joe Passanisi, manager of operations for Midway.
The groundbreaking ceremony for Midway’s new building will be held on January 13th at 2:00 pm and is expected to be attended by many of our public and private leadership.
About SEDCO
Sherman Economic Development Corporation (SEDCO) is the economic development catalyst for the City of Sherman. Sherman is an expanding city of 40,000 population just north of Dallas, Texas and is the lead city in Grayson County. SEDCO has attracted 1,014 jobs and over $1,050,000,000 in new capital investment to the community since 2011. For more information, visit www.sedco.org.
About Midway Park
Midway has over 40 years of experience with industrial developments and offers full logistics management. With services ranging from cross docking to multi-year leases to complete build to suit facilities, Midway Industrial Park can help you find the perfect solution for your business needs in Texoma. For more information please contact us at: www.midwaypark.com or 903-893-5591
Source: http://mmdnewswire.com/sherman-economic-development-corporation-sedco-131592.html
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