The Rockingham County Center for Economic Development, Small Business & Tourism is pleased to announce that local developer, Eddie Smith with Venture Logistics in Mayodan, has purchased the Madison Industrial Center and plans to invest approximately $155,000 to upfit the building. Smith plans to lease the space to clients for distribution operations, which will create about 16 jobs.
The 156,445-square-foot building is located at 301 Highway Street in Madison, NC. Built in 1951, the building previously housed a Unifi operation.
“This building has quite a significant history in Madison, dating back to the textile mill Madison Throwing Company. We wanted to spruce up the appearance and do what we can to help expand that part of town and provide jobs,” said Eddie Smith, owner of Venture Logistics.
“We are grateful to see an empty building being put back to use and we look forward to working with Eddie to bring new jobs to Madison,” said Kevin Baughn, manager of the Town of Madison.
“It’s always great to see companies investing in our vacant industrial buildings. We are excited to see Eddie and Venture Logistics breathing new life into this property. It is a welcome extension of Madison’s industrial footprint and we hope it will help spur more growth in that area,” said Leigh Cockram, director of the Rockingham County Center for Economic Development, Small Business and Tourism.