Jun 20, 2016
4540 Fortune Ave. expected to be completed in late spring 2017 Plans are underway to build a 75,000-square-foot Class “A” speculative office building at 4540 Fortune Ave. Groundbreaking for the new building, which will help fill a great void for available office space in Cabarrus County, should kick off in late summer. It is expected to be completed in late spring 2017 at an estimated cost of $8 million. The project is a joint venture between The Nolim Group, CM Black Construction and CESI. Situated on 20 acres near the 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. The building will have multiple entrances, the potential to be subdivided and a high parking ratio. It was designed with 7/1,000 parking, but that could be extended to 10/1,000 parking. Officials from both the City of Concord and Cabarrus County have given the project support by approving an 85-percent reduction in property taxes for three years. “4540 Fortune Ave. LLC is bringing opportunity to Cabarrus County,” said Cabarrus County Board of Commissioners Chair Steve Morris. “They’ve identified a need that will support future and expanded business. That is the foundation of economic development. We, in turn, are proud to support their commitment.” Mayor Scott Padgett added, “The City Council and I are pleased to support the development of much-needed Class A office space in Concord; hopefully, we’ll remember this as the first of many similar projects.” To learn more about the Class A office spec building and its features, contact Anne...
Jun 20, 2016
When it comes to attracting diverse companies to the International Business Park at Concord, flexibility is key. From manufacturing and technology to retail and distribution, the park is designed to house a variety of industries – and the City of Concord and Cabarrus County are prepared to help accommodate them. “One of the biggest reasons we’ve seen businesses come here is because they have found long-term value in the park,” said Anne Johnson of CBRE during a recent Fam tour of Cabarrus County. “Not only do we have lots to offer, but the local governments are easy to work with and open to providing incentives.” During a bus tour down International Drive, the main thoroughfare for the park, Bryan Crutcher of CBRE noted the strong partnership park tenants have with the city and county. “It’s definitely a pro-business community. Local government has been willing to work with industries and developers to provide access to additional lots, extend facilities and assist with roads.” That flexibility can also be used to describe the park’s location and access. It offers two entrances that give visitors and employees options for entering or exiting the park. Another benefit is that most heavy truck traffic occurs in the middle of the night, which doesn’t interfere with or create a lot of traffic during normal business hours, Johnson said. In the near future, there are plans for mixed-use commercial, retail and hotel development and available C-2 zoned sites. In the meantime, just south of the park are a variety of retail and service-based businesses, including restaurants, grocery stores and gas stations. “If park employees leave for...
Jun 20, 2016
A versatile product specially designed to attract new and expanding industry to Cabarrus County will soon make its debut. The 50,425-square-foot speculative industrial building, situated on 4.55 acres in Phase I of the International Business Park, can easily be converted to meet any business needs. The building is designed for R&D or manufacturing and is expected to be ready for lease or sale later this month. The development of the project has been managed by Beacon Partners and constructed by Myers and Chapman. “By having a good land site to work with, the process took about six months from start to finish,” said Bryan Crutcher of CBRE. “It’s ready for upfit now and someone could move in within the next couple of months. When you look at that timeline compared to other business parks, we feel that’s pretty quick turnaround.” Anne Johnson of CBRE also noted one of the other benefits of the spec industrial building is having independent truck and vehicle access areas. To learn more about the spec building and its features, contact Anne Johnson or Bryan Crutcher with the Charlotte office of...
Jun 20, 2016
There was a definite international vibe happening at the PreGel visit on the Advancing Edge Fam Tour. While sampling gelato from the Italian-based company, guests had a spirited discussion about the difference between “y’all” and “all y’all” with Subsidiaries Manager Jeannette Pantani, who speaks five languages. Sweet treats and getting schooled in southern sayings was part of the fam tour experience designed to immerse site location professionals in all things Cabarrus County, which, of course, included several stops at the International Business Park at Concord. During the PreGel visit, Controller Rusty Chapman gave an overview of PreGel’s history in the park, noting the location was chosen for its potential for future expansion, close proximity to the Charleston seaport and availability of grants and city and county tax breaks. “If anyone is looking to build in this area, you’ve got a great team to work with,” Chapman said of Cabarrus Economic Development, which hosted the fam tour. Bryan Crutcher of CBRE noted the methodical and strategic growth at the IBP that allows companies to protect their infrastructure needs. “PreGel is a great example because they acquired additional land for future expansion,” he said. “They got to Cabarrus County and liked the county; being located in the International Business Park helped them...
