Bissell Cos. Invests $100 Million in Class A Office Space
- Jul 01, 2011
Ballantyne Corporate Park is a proven hot spot for retail, medical services and corporate clients that desire and can afford a first class business location. It includes over 3.5 million square feet providing premier office space to a large number of prominent companies such as SPX, ESPN, Carlisle Companies, LendingTree, Bank of America, and more recently Mitsubishi Nuclear Energy Systems.
As demand for space is continuously growing, expansion ideas come naturally to Bissell Cos., the developer of the 535-acre Park, which announced the construction of two more class “A” buildings in a speculative project set for completion by the end of 2012.
The new project will call for major investments from the company, estimated around $100 million. The 10-story buildings will add a total of 550,000 square feet of office space, free structured parking, and a center courtyard. It will be built according to LEED silver specifications reflecting Bissell’s strongly declared mission to be green. Part of Bissell’s purpose is to create a healthy and comfortable environment for its tenants by promoting the use of natural light, energy conservation, efficient water management and recycling. “We do it because we all bear a responsibility to be good stewards of our environment, both in terms of air quality and the use of natural resources,” said Ned Curran, president and CEO of The Bissell Companies.
Bissell Cos. has also filed a rezoning petition to add another 1,060,000 square feet of office space, approximately 200 hotel rooms and 600 residential units to the initial Ballantyne zoning plan. The petition will be reviewed in a public hearing set for July 18. The company is determined to establish Ballantyne Corporate Park as a major destination for businesses seeking best quality location, expansion or relocation. They are both willing and prepared to sustain the area’s infrastructure by investing up to $11 million in road improvements in a public-private partnership, the most important project being the addition of a bridge connecting North Community House Road on both sides of I-485. If the rezoning petition gets approved, the company expects to complete the road works by the end of 2014 and then move on to the Park’s expansion for the following 10 years, as reported by the Charlotte Observer.