Morrisette Paper warehouse lease renewal
City of DanvilleVirginia- Detected
- Jul 14, 2026
- 111 days ago
- Sector
- Capital Projects
- Est. value
- Free account
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THE 30-SECOND BRIEF
The IDA approved renewal of its lease with Morrisette Paper Company, Inc. for about 49,500 sq ft of warehouse space at 979 Lockett Drive. The new term runs August 1, 2026 through May 31, 2029 at $6,799.45 per month, continuing Morrisette’s packaging storage and distribution operations begun in 2017. This locks in Morrisette as a long-term industrial tenant, creating steady demand for warehouse improvements, material-handling equipment, racking, maintenance, and logistics services over the next three years.
Lease covers approx. 49,500 sq ft of IDA-owned warehouse; tenant responsible for utilities and many maintenance items per lease; IDA handles grounds and building envelope.
From the meeting
- Meeting date
- July 14, 2026
- Agency
- City of Danville
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