MCEDA Press Release: Madison County Megasite Spec Building



May 11, 2021



Joseph P. Deason, (601-605-0368)


MCEDA/Agron, LLC Announce 100,000 Square Foot Industrial Speculative Building

May 11, 2021 – Today, the Madison County Economic Development Authority (MCEDA), in partnership with Agracel and Ergon, is excited to announce plans to
construct a 100,000 square foot speculative building at the Madison County Mega Site. Owned by the newly formed Agron, LLC, the industrial shell building
will initially be constructed to 100,000 square feet, with the ability to expand to 300,000 square feet, giving great flexibility to meet a project’s
individual requirements.

This project, expected to begin this summer, brings together two powerhouses in the construction and industrial development arena. Ergon, a globally recognized
Mississippi company, has a proven track record across a multitude of business segments. Illinois based Agracel has long been a leader in build-to-suit
facilities as well acquisitions of industrial properties. With experience across the state of Mississippi, Agracel has built a successful portfolio
of industrial properties. This unique joint venture, under the newly formed Agron, LLC, brings together the right assets to make this project a reality.

Speculative buildings have long been utilized as a tool by economic development organizations to help draw attention to a region and provide fast-track
projects with an option to meet market demands quickly. The speculative building within the Mega Site will provide potential prospects considering
the region with a competitive existing building option to increase speed to market.

“Agracel is proud to partner with MCEDA and Ergon on the speculative facility. We have experienced great success in developing industrial facilities in
Mississippi, and Madison County has long been on our radar. We cannot say enough about the tremendous team effort to bring this project to fruition.
Thank you to MCEDA and Ergon for putting your trust in Agracel. We look forward to being part of Madison County’s continued growth,” states Clayton
McKinnon, Regional Development Director of Agracel’s Gulf States Office.

“Ergon serves customers around the world, but our base of operations is in Central Mississippi. We are delighted to support our community and to play a
role in opening the door for new industries to come to Madison County,” commented Kris Patrick, Ergon COO. “Agracel is well-respected, with a culture
and values similar to our own, and we look forward to the opportunities this relationship will provide.”

“Madison County is ready to compete in this fast-paced market,” said Joey Deason, Executive Director of MCEDA. “Our organization is laser focused on enhancing
the competitive edge of the Madison County Mega Site and today’s speculative building announcement is another significant step in providing unsurpassed
value to prospects. MCEDA is thankful for Agron’s vision to make this building a reality.”

“We are immensely appreciative of this partnership on our Mega Site, and the Board of Supervisors are thankful for the confidence Agracel and Ergon have
placed in our county,” stated Madison County Board of Supervisors President, Karl Banks. “Having an existing industrial building to the scale and scope
of this property will help set Madison County apart.”

Strategically located in the southeast, the 875 acre publicly owned Madison County Mega Site is positioned perfectly to attract future investment. This
shovel ready site has full water, sewer, and gas, including a 300 megawatt triple redundancy substation on site.

About MCEDA:

As the leader of economic development for Madison County, MCEDA’s mission is to encourage the growth of the county’s existing business and industry, attract
new investment and higher-paying jobs, and to increase Madison County’s competitiveness leading to a diverse, vibrant economy benefitting all the county’s

About Ergon:

Ergon is a group of privately held companies that operate under six primary business segments: Refining & Marketing, Specialty Chemicals, Asphalt &
Emulsions, Oil & Gas, Midstream & Logistics, and Construction & Real Estate.

About Agracel:

Agracel, Inc. is an industrial development company headquartered in Effingham, Illinois with offices in Birmingham, Alabama; Nashville, Tennessee; Columbus,
Ohio; and Greenville, South Carolina. Over the past 34 years the company has focused exclusively on partnering with non‐urban communities to facilitate
job creation and being a value‐added development partner. Agracel is a long‐term investor interested in lasting partnerships with both the
tenant and the communities in which they work. Agracel provides an array of development services such as site selection, build‐to‐suit turnkey,
build‐to‐suit/ leasebacks, and acquisition/leasebacks.


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