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Chicago-based S-B Power Tool Co. has an option on a tract of land in West Memphis, where it is considering locating a $20 million, 660,000-square-foot distribution center that will employ up to 200 people.
Sources familiar with the deal say the company has secured an option on land near the Mid-America Industrial Park off Airport Road, north of 1-40, where the power tool manufacturer is negotiating to develop the distribution center.
S-B Power Tool, formerly called Skil-Bosch Power Tool Co., has been scouting the Memphis area for possible sites for several months. The company has looked at locations in Arkansas, Memphis and North Mississippi and has now settled on West Memphis, sources say.
Company officials in Chicago would not confirm that an option has been secured...