Marion Circuit City Distribution Center sold - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Marion Circuit City Distribution Center sold

The former Circuit City Distribution Center in Marion has been sold, but the buyer is a secret.

Marion Mayor Bob Butler tells Heartland News a real estate management firm out of Quebec, Canada closed on the property either Wednesday or Thursday.

Mayor Butler says the company that bought the distribution center is currently in negotiations with two major companies to lease the facility. Butler would not release the names of the two prospective tenants.

The mayor says when one or both of the tenants move in, the building will be back in use and 150 or more people will go to work.

The distribution center is a massive building with 27 acres under roof. It's been vacant since 2009 when Circuit City went out of business.

A check online of the commercial real estate listing site Loopnet.com put the asking price at $14,790,000 for the former Midwest Circuit City Distribution Center. No word on what the Canadian buyer paid.

Copyright 2012 KFVS. All rights reserved.

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