(11/29/17) LAFAYETTE’S FORMER K-MART BUILDING IS FINALLY OFF THE MARKET.  LOCAL TEXTILE MANUFACTURER SYNTEC INDUSTRIES HAS PURCHASED THE PROPERTY, ACCORDING TO LARRY BROOKS OF THE WALKER COUNTY DEVELOPMENT AUTHORITY.

    BROOKS SAID SYNTEC WILL REHAB THE BUILDING AND USE IT FIRST FOR WAREHOUSING… WITH PLANS TO EXPAND INTO MANUFACTURING THERE, LATER.  THE SIZE OF THE PROPERTY WOULD ALSO ALLOW MORE BUILDINGS TO BE CONSTRUCTED WHEN NEEDED.

    SYNTEC ALREADY HAS A LOCATION IN LAFAYETTE, ON PROBASCO STREET.   BROOKS SAID THE DEVELOPMENT AUTHORITY ASSISTED THE COMPANY WITH AN EXPANSION PROJECT THERE A FEW YEARS AGO.  “THIS NEW LOCATION WILL NO DOUBT MEAN MORE HIRING AT SYNTEC”, BROOKS SAID.

    THE FLOORING COMPANY STARTED IN 1986, MAKING PRODUCTS FOR THE MARINE INDUSTRY.  IT HAS NOW EXPANDED AND SUPPLIES PRODUCTS TO THE R-V AND MANUFACTURED HOUSING INDUSTRIES AS WELL.

    THE K-MART LOCATION WAS PURCHASED OUT OF BANK RECEIVERSHIP AND WILL REQUIRE EXTENSIVE REHAB AND UPGRADES.
 

Read More at WQCH




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