GLOBAL GROUP INDUSTRIAL SERVICES RELOCATES TO PADUCAH
PADUCAH, KY. — Deer Property Holdings, LLC purchased a site in the 1-24 Industrial Park in Paducah-McCracken County which will provide approximately 30 new jobs and capital gain to the community. The property will be leased to Global Group Industrial Services, an industrial maintenance services company.
“We are excited to welcome Global Group Industrial Services to Paducah. We gained both a new business and a capital investment in our community,” says Glen Anderson, Interim President & CEO of Paducah Economic Development.
The building site consists of 10 acres and a building shell that is 60,000 square feet. It is located on Commerce Dr. within the 148 acres of the 1-24 Park. Surrounding tenants include Coca-Cola Distribution, Genova Products, UACJ Automotive/Whitehall Industries and H.T. Hackney Distribution. Global Group Industrial Services is an industrial maintenance services company which does machine work, metal fabrication, gearbox work and will possibly expand into light industrial work.
The building was sold by the Industrial Development Authority, with the help of Kathleen Gillespie of Falconite Development Group and Paducah Economic Development, to Deer Property Holdings who will be leasing the building to Global Group Industrial Services. The Industrial Development Authority is a 6 member board appointed by the Mayor of the City of Paducah and the Judge Executive of McCracken County. Paducah Economic Development partnered with Global Group Industrial Services to locate in the I-24 Park.
“I am very pleased for the completion of the sale of the park’s spec building to Global Group Industrial Services. The Authority has held the building for some time and several times have come close to having industries locate there. However, each time changes in circumstances within the companies involved caused a failure to consummate the deal. Not only is Global Group a progressive company that promises to grow the 30 start-up jobs, but the addition of a new development in the park causes excitement and creates interest that hopefully will bring the many advantages of its location to the attention of other prospects,” says Bob Johnston, Chairman of the Paducah/McCracken County Industrial Development Authority, facilitators of the I-24 Industrial Park.
The City and County share the payroll taxes 50%/50% from the location of the companies in the 1-24 Park, benefiting both governments.