Polar Tank Trailer LLC’s fourth-quarter exit of its Partnership Industrial Center plant marked the largest commercial move in Xceligent’s most recent Market Trends report. But the vacancy didn’t last long.
Springfield Sign & Graphics Inc., which does business as Springfield Sign, plans to move in to the shuttered plant by Feb. 1. Joe Durnall with the Greene County assessor’s office said the plant switched owners on Dec. 30 from Polar Tank to M&L Real Estate Holdings LLC. The company lists Springfield Sign CEO Mark Wessell as its registered agent, according to Missouri secretary of state records.
In the move, the sign company will nearly quadruple its current space at 2531 N. Patterson Ave., said Michal Moss Early, director of marketing for Springfield Sign.
“We needed more space to shorten timelines,” she said. “Obviously, we want to do more business.”
Early said the move to the 140,000-square-foot building at 4825 E. Kearney St. is being made in conjunction with the company’s name change to Springfield Sign from Springfield Sign & Neon.
Polar Tank announced last April it would lay off 245 employees when it closed the PIC plant. Minnetonka, Minn.-based Polar had operated in Springfield since 1995. In April
, officials said the building would be put up for sale. Its 2016 taxable appraised value was $7.1 million, according to Greene County assessor records.