Work Begins on Office Condos

Construction is under way on a $7 million office condo building in a new $60 million office park named One Madison Plaza in Madison.

"We're trying to leave every tree we can," said J.L. Holloway, chairman of Ridgeland-based Tenax, a private equity investment firm involved in land development, real estate, construction, general equipment sales and leasing, manufacturing health-care software, airplane leasing, offshore construction and retrofitting drilling and production vessels.

"We're finding there is a big demand for office condos," Holloway said. "Part of the reason is someone buying office condo space is entitled to some incentives under the Gulf Opportunity Zone Act." More >