Article: The Knoxville News-Sentinel, Tenn., Real Estate Column.

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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