Binswanger/CBB Negotiates Major Sale in Jackson, Mississippi.Business Editors OXFORD, Miss.--(BUSINESS WIRE)--Dec. 2, 2002 Representing Jitney-Jungle Stores of America, Inc., Binswanger/CBB recently negotiated the sale of a 169,000 square foot building on 22 acres to the Merchants Company. The property is located at 870 Boling Street in Jackson, Mississippi Jackson is the capital and the most populous city of the U.S. State of Mississippi. It is one of the county seats of Hinds County; Raymond is the other county seat. As of the 2000 census Jackson's population was 184,256. . Sale price was $2,500,000. One of the largest supermarket operators in the southeast, Jitney-Jungle Stores of America, Inc., filed for Chapter 11 bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most protection at the end of 1999. The company has since been implementing a large-scale reorganization plan A scheme authorized by federal law and promulgated by the president whereby he or she alters the structure of federal agencies to promote government efficiency and economy through a transfer, consolidation, coordination, authorization, or abolition of functions. that included the disposition of this property. The buyer, the Merchants Company, is a wholesale food distributor that will utilize the facility to warehouse non-perishable food items to supply area stores. Headquartered in Philadelphia, PA, Binswanger/CBB is a member of Chesterton Blumenauer Binswanger, an international, full-service real estate organization with over 160 offices worldwide throughout the U.S.A., Canada, Mexico and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , the U.K. and Europe, the Middle East, Asia, South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. and Australia. |
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