Old Forrest City Plant Sells for $1.8 Million

SEPTEMBER 12, 2006 - Posted at 6:52 a.m. CDT

FORREST CITY, AR - A Columbus McKinnon plant in Forrest City has been sold for almost $2 million to a private investor, Lindsey Cotton Manufacturing LLC.

The Binswanger real estate company, which brokered the deal, announced the sale.

The 256,700-square-foot plant on 37 acres ceases operating four years ago as part of consolidation efforts and the property has been vacant ever since.  The one-story building was used to make hoists for the automotive and marine industries.

Binswanger did not say what plans the new owners have for the property.

(Copyright 2006 by The Associated Press.  All Rights Reserved.)