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Mercantile Development Inc. now has plans for a second custom facility to accommodate ongoing growth and diversification.
The property, which rests on 1.48 acres, has more than 70 parking spaces and an existing showroom and vehicle service center.
Plans call for a 123-room hotel, office building, restaurants, retail stores, pharmacy, bank and coffee shop.
The lease was signed with building owner AA Shelton Investors LLC, which said the deal brings the property to 100 percent occupancy.