Pinckneyville TUMS building sold for $900,000

For the third time in less than a year the Technicolor Universal Media Serviced (TUMS) building in Pinckneyville has been sold.

This time, the buyer is New Brunswick, N.J.-based GDB International, established in 1993, which is an export trading company that warehouses and sells overstock building materials, paints, papers and plastics made in the U.S. to buyers overseas.

A spokesman states "We are one of the largest exporters of overstocks, slow moving, discontinued and recyclable inventories, shipping over 2,500 domestic and overseas containers each year."

Plans for the building have not yet been announced.

The company has a large warehousing facility in Nashville, Tenn, as well.

The last owner, a company called MIA, LLC of Newton, Mass. bought the building for $650,000 from CanAm Medical, LLC which had hoped to land one of the few marijuana groweries licenses in the state. That did not happen.

In buying the building for $650,000, then selling it for $900,000 MIA made a $250,000 profit in less than six months.