Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: WEDNESDAY, March 8, 1995                   TAG: 9503080127
SECTION: BUSINESS                    PAGE: B-8   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

IN BUSINESS

RICHMOND - Lingerfelt Development Corp., which for 26 years has built and bought distribution warehouses in Virginia, Maryland and Tennessee, including Valleypointe business park in Roanoke, has been sold to Liberty Property Trust for about $125 million.

Malvern, Pa.-based Liberty, which went public in June 1994, has spent about $227 million since then buying companies with 60 properties in seven states. It now owns and manages 190 properties with more than 700 tenants.

Richmond-based Lingerfelt oversees 35 properties. About 60 percent of its space is in the Richmond area.

- Associated Press

S.C. may beat Va. for new steel mill

CHARLESTON, S.C. - Nucor, a Charlotte, N.C., steelmaker, apparently is leaning toward a South Carolina site for the company's new steel plant.

F. Kenneth Iverson, Nucor's chairman and chief executive, would not say outright that a decision had been made to put the $600 million mill near Cainhoy instead of a site in Virginia.

``I'd prefer to say we're closer,'' he said. ``We do have a better site in South Carolina.''

Iverson said he would wait to make any announcement until at least March 21, when Gov. David Beasley returns from an upcoming trip to Japan and Taiwan, so Beasley could be in on it.

- Associated Press