Coldwell Bankers Announces Large Transaction
Staff Report From Middle Georgia CEO
Friday, March 25th, 2016
Arthur P Barry III, SIOR, Partner and Associate Broker of Coldwell Banker Commercial Eberhardt & Barry Inc. closed the sale of the Milan Rubber Products facility in Milan, Georgia on March 8, 2016.
The former rubber flooring and matting company contained 30,000 square feet of manufacturing and distribution space on 13 acres. Milan Molded Rubber Company operated two shifts, 18 employees, producing rubber flooring and matting prior to shutting down operations in June 2015.
The purchaser, Dodge County EDC, will be repositioning the facility from a previous manufacturing use. The facility will be occupied by tenant, Recykling Industries, who repairs recycling machinery for clients across the country. The new facility user will employ upwards of 30 people at this location in the future.