Concord among nation’s 10 fastest-growing cities

International Business Park at Concord is located in the heart of a dynamic region that is experiencing a fast pace of growth. According to a recent WalletHub study, Concord ranks as the ninth overall fastest-growing city and the third fastest-growing small city in the U.S. WalletHub analysts compared 515 U.S. cities on 14 factors of rapid economic growth from 2009 to 2015. Factors included population growth, unemployment rate decreases, job growth, growth in regional GDP per capita and business number growth. When broken down by size, Charlotte ranked third in the large-city category. The Charlotte Business Journal offered a look at how Concord and Charlotte fared in several categories of the study: Population growth: Concord, 7th; Charlotte, 35th Job growth: Concord, 33rd; Charlotte, 24th Poverty rate decrease: Concord, 124th; Charlotte, 185th Regional GDP growth: Concord, 96th; Charlotte, same Growth in number of businesses: Concord, 1st; Charlotte, same Full-time jobs increase: Concord, 65th; Charlotte, 248th Working-age population growth: Concord, 13th; Charlotte, 59th The study helps emphasize International Business Park’s tremendous and lucrative opportunities for the service, retail, office and hospitality industries. While small clusters of restaurants and shops can be found within a few minutes, there is a major unmet need for shopping, dining and hospitality options at Exit 55 – one of the busiest interchanges in the state. Additionally, there are 3,100 people employed at the 30 companies located within in the IBP, including Fortune 500 corporations and numerous international companies that often bring out-of-town guests to the park. Phase III of the IBP offers nearly 50 acres of prime mixed-use land situated just off the intersection of I-85...

Land cleared, paving the way for spec office building at International Business Park

4540 Fortune Ave NW, Concord NC | Download the Flyer (PDF) The cul-de-sac at the end of Fortune Avenue has been bustling with activity over the last couple of weeks as heavy equipment operators clear the land to prepare it for construction of a speculative office building. Located at 4540 Fortune Ave. in the International Business Park at Concord, the 75,000-square-foot Class “A” spec office building will help serve a great need for available office space in Cabarrus County. Construction is expected to be completed in late spring 2017. Situated on nearly 20 acres near the busy I-85 and Hwy. 73 interchange, the building will be constructed on Lots 7 and 8 at the end of Fortune Avenue, located in Phase II of the park. It will feature build-to-suit offices and multiple entrances, with the potential to be subdivided. Should a tenant need to expand into another building, there is an available site adjacent to the spec office project. Additionally, the spec building will be delivered in shell condition and ready for a tenant’s specific upfit. With an expandable parking area, it will be able to accommodate 750 cars, up to 10 cars per 1,000 sq. ft. Cabarrus County Board of Commissioners Chair Steve Morris said the spec project brings opportunity to Cabarrus County by supporting future and expanding business, while City of Concord Mayor Scott Padgett said he hopes it’s the first of many similar projects. The 4540 Fortune Ave. project is a joint venture between The Nolim Group, CM Black Construction and CESI. To learn more about the Class A office spec building and its features, contact...