Mississippi company profits from sale of storage space

Spacebox Palmetto LLC, a Hattiesburg, Mississippi company managed by Bennett V. York, sold a 130,000-square-foot, self-storage warehouse at 2100 N US 301 in Palmetto to VREC Spacebox Palmetto LLC for $5.8 million, or $45 per square foot.

York’s company paid $3.7 million for the complex in February 2007.

VREC Spacebook, an Austin, Texas company that lists Terry Thompson as its vice president, financed its purchase with a $3.975 million loan from an affiliate – – Vitrus Real Estate Capital Lender LLC.

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