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Article: The Knoxville News-Sentinel, Tenn., Real Estate Column.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- November 13, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Amy Nolan, The Knoxville News-Sentinel, Tenn. Knight Ridder/Tribune Business News
Nov. 13--COMPANY PURCHASES FACTORY IN SEVIERVILLE: A Sevierville manufacturer of magnetic sleep systems and other magnet-related products has bought the former Federal-Mogul plant, where it plans to consolidate its operations and open a retail store.
Magnetic Ideas Inc. paid about $2 million for the 95,000-square-foot building and 16 acres in the Ray Reagan Industrial Park in Sevierville, said president and CEO George Abbott.
The building will house manufacturing operations currently conducted in two 12,500-square-foot buildings on Newport Highway and a ...
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