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Business & Technology

General Shale Brick to auction off two properties

October 18th, 2011 2:12 am by Kate Prahlad

General Shale Brick plans to auction off two of its properties in late October, one a former manufacturing site and the other a former mining site, according to Mark Kinser, the company’s vice president of corporate development and marketing.
The former manufacturing location at 102 S. Broadway St. in Johnson City is about 86 acres, with 158,000 square feet of buildings across about 16 acres of it, according to its listing with the auction company Ron Ramsey & Associates. General Shale currently runs a sales office and some shipping operations out of that Broadway site, Kinser said.
“What was on that property was the former General Shale Brick plant that had been in existence since the 1950s,” he said. “That plant was shut down in January 2009 due to economic conditions.”
Kinser said due to the length of time the plant has been shut down, plus the fact that General Shale had built other, more “modern” manufacturing facilities around the region, the company decided to put the property up for sale.
Originally, the property was listed with Green Commercial Realty for sale at $1.9 million, but the slow economy necessitated General Shale’s decision to switch from trying to sell the building to offering it up for auction, Kinser said.
The second property up for auction is on Woodlyn Road, and is a former mining site for General Shale.
The Broadway auction is scheduled to take place on Oct. 28 at 10 a.m. at the site; Woodlyn Road’s auction is set for Oct. 29. The company has placed a reserve on the properties, but that number was not immediately available.
Kinser said the auction would not affect the company’s presence in the Tri-Cities.
“Even with the sale of the old plant site, we will still have three sales and distribution sites in the Tri-Cities, one in Kingsport and two in Johnson City,” Kinser said. “We are still stocking brick there and bringing in brick and other masonry materials from our other distribution sites, including our one in Spring City.”

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