Finance & Business World

McGrath & Associates was named the design-build contractor for Sev-Rend Corp.’s new $3.6 million, 45,000-square-foot manufacturing facility and corporate headquarters in Collinsville, Ill., McGrath said Monday.

The building will provide office space, manufacturing facilities and expansion room for Sev-Rend, a St. Louis-based manufacturer of high-performance packaging products.

The company will move from its current home at 1920 Kingshighway Blvd. in St. Louis to 5301 Horseshoe Lake Road in Collinsville. Sev-Rend has been in St. Louis for 112 years and currently has 15 employees low rates payday advance. The company plans to expand to 18 employees by time it moves. Sev-Rend will receive tax increment financing for relocating to Collinsville, according to a release.

Oates Associates is the civil engineer and Dial is the architect. The project is financed by Commerce Bank and is scheduled for completion in July 2008.

McGrath & Associates Inc. is a St. Louis-based general contractor and construction manager.

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