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...
May 17, 2016
4540 Fortune Ave. expected to be completed in late spring 2017 Fortune Ave. LLC, a joint venture between The Nolim Group, CM Black Construction and CESI, is moving forward with plans to build a 75,000-square-foot Class “A” speculative office building at the International Business Park at Concord. The building, which will help fill a great void for available office space in Cabarrus County, is expected to be completed in late spring 2017 at an estimated cost of $8 million. Situated on 20 acres, the building will be constructed on Lots 7 and 8 at the end of Fortune Avenue, located in Phase II of the park. 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.” Features of 4540 Fortune Ave. LLC include: Class A business park location near I-85 and Hwy 73 interchange in Concord, NC 75,000 gross square feet in size Delivered in shell condition and ready for tenant’s specific upfit 18’ ceiling height 250’ x 300’ building footprint 50’ x 50’ column bay spacing Grade level roll-up door 10’ x...
Mar 18, 2016
As demand for Class A office space continues, the International Business Park at Concord is stepping up to make sure Cabarrus County has the right product to attract new and expanding industry. Now available for lease is a 50,425-square-foot speculative industrial building situated on 4.55 acres. The spec building, managed by Beacon Partners, will meet today’s industrial needs and save prospective businesses months of construction time because tenants will be able to easily convert the building into a space that meets their needs. Cabarrus County’s diversity has continued to grow in the areas of energy, food and beverage, aerospace, back office, logistics and automotive. County leaders said the new International Business Park spec building is a positive step to enhance the area’s economic development appeal and offer a solution for businesses looking to come to Cabarrus County. “The average square footage for active projects in the county is about 90,000,” said Samantha Grass, project manager for Cabarrus Economic Development. “About 50,000 square feet is kind of a sweet spot for us because we get a lot of requests for that 25-to-75-thousand square-foot range and we just don’t have a lot of product in that size.” To learn more about the spec building and its features, contact Anne Johnson or Bryan Crutcher with the Charlotte office of...
Mar 18, 2016
Just a 25-minute drive from downtown Charlotte, the International Business Park is located in the heart of a dynamic region that continues to experience burgeoning growth. Ideal for hotel and retail development, the park offers nearly 90 acres of prime mixed-use land situated just off one of the busiest interchanges in North Carolina. Phase III features four parcels zoned for retail shops, hotels and restaurants. Just under 17 acres in size, Lot A is well-suited for commercial retail development and has out parcels available. Lot B features nearly 11 acres of land that can be divided for various commercial and office development needs. Lot C offers 13 acres of mixed-use land that’s ideal for hotel development and is located just off Hwy. 73, where more than 25,000 vehicles pass the park entrance each day. Lot D is a prime location for office development and features 8 acres of mixed-use space that can be divided to suit any needs. The International Business Park represents a great diversity of industry, including Fortune 500 corporations and numerous international companies. In addition to the 3,100 people employed within the business park, nearly 77,000 residents live within a 5-mile radius. Additionally, there are more than 8,000 housing units within a 2.5-mile radius, with plans for even more rooftops to serve the rapidly growing area. To learn more about hotel, retail and office opportunities at the International Business Park, contact Anne Johnson or Bryan Crutcher with the Charlotte office of CBRE. Situated at one of the busiest interchanges in North Carolina (I-85 and NC 73), Phase III of the International Business Park is ideal for...
Mar 18, 2016
There will soon be a new tenant in the International Business Park as FedEx Ground Package System moves forward with plans to build a distribution facility and office near its SmartPost division, which is also housed in the park. SunCap Property Group will develop the 343,000-square-foot building. The Concord City Council granted SunCap and FedEx Ground Package System an 85-percent rebate of the new site’s local property taxes over the next three years. According to a recent Charlotte Business Journal article, the combined FedEx distribution campus will represent a $107 million investment. Media reports also indicate FedEx projects to hire 55 full-time employees and 309 part-time employees within five years at the new facility. Local leaders are excited about the positive impact the International Business Park has on Cabarrus County. Terry Crawford, interim president and CEO of the Cabarrus Regional Chamber of Commerce, told Time Warner Cable News, “I’ve just watched it in these last two or three years mushroom, and it’s just going to continue to grow. And this is a big part of that and another element that will add to that...
Feb 3, 2016
Read the Charlotte Business Journal article on Cabarrus County’s efforts to bring in new jobs and...
