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Industrial warehouse sells in Cadiz for $1 million

The $1 million sale of an industrial warehouse and workshop in Cadiz is putting a former government-owned building back into private hands.

The $1 million sale of an industrial warehouse and workshop in Cadiz is putting a former government-owned building back into private hands.

The Cadiz Community Improvement Corporation held the property and sold it to one of the tenants after nearly 6 months of negotiations

The hope is for more jobs. This industrial warehouse situated along Industrial Park Drive already houses several businesses. Now, the hope is to seat even more.

"I think the village recognized that it was time to possibly move on and let the private sector see what they could do with this building,” said Craig Corder, a partner with Bayform Holdings, LLC. “That, coupled with the fact that I do have a business in this building, and looking to possibly expand as the oil and gas business grows in the area."

Corder's company does fabrication work and fire protection for buildings. He knows business, and he knows government. The former Harrison County commissioner said the sale of the building for $1 million will give the Cadiz Community Improvement Corporation some cash, and give him the investment he was seeking for his family and area business. The CIC agreed.

"We feel it being in the private sector, it has a better chance for job growth and it puts some money into the CIC's coffers for some other projects that we have going on within the village,” said Cadiz CIC President Michael Sliva.

Corder's company currently shares the 80,000 square foot space with two other companies.

“The ideal situation would be one large (tenant),” Corder said.

"With the oil and gas business that's become rejuvenated that they are feeling positive about the future,” Sliva said. “And that is located close to the possible power plant is going to be located in the industrial park. So that probably played a big part in their decision to move forward."

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