Industrial Developments Abound in Metro Charlotte; $7M Retail Project Breaks Ground
- Aug 24, 2012
By Eliza Theiss, Associate Editor
Metropolitan Charlotte’s industrial market has been on the rise for some time and shows no sign of slowing down. Recently, Lincoln County’s newest business park got its first resident, reports the Charlotte Business Journal.
Hydac Technology Corp., a German manufacturer of hydraulic valves, filters and various other elements, broke ground on the first structure to rise in the small satellite town of Denver, N.C. The German manufacturer now plans to employ 54 at the Airlie Business Park site, located at Optimist Road off N.C. Highway 16. Charlotte-based Hondros & Associates are the chosen contractors for the build.
Another Metro Charlotte business park experiencing expansion and investment is the Statesville Business Park at U.S. 70 and Business Park Drive. Goldsboro-based Pate Dawson Co., a food-service distributor, recently broke ground on a $9 million expansion at its current Statesville Business Park operations, according to The Charlotte Observer.
The expansion, expected to be completed in six months, will increase the existing shell building’s surface from 63,000 square feet to 105,000 square feet. The newly constructed space will serve as a distribution center catering to the company’s business operations in the greater Charlotte area and western Carolinas.
The expansion will create 49 jobs within the first three years. That number will rise to 76 in additional two years. The average annual wage will be $47,000. Future workers will also receive training, where needed, as Pate Dawson is on track to form a partnership with Mitchell Community College for an ongoing workforce development program.
The 127-year-old Pate Dawson is one of the largest Southeast food-service distributors, operating in 14 states.
In other news, REBusinessOnline.com reports that Percival McGuire broke ground on a $7 million retail project at 7809 West W.T. Harris Blvd., in Charlotte’s North submarket. The developer’s website categorizes the 35,000-square-foot Northlake Plaza as a strip center. The property’s anchor tenants, McDonald’s, Buffalo Wild Wings and Discount Tire, have already signed leases for a large part of the development, leaving 9,500 square feet that has yet to be leased. According to The Voice, the McDonald’s is expected to open in the first quarter of 2013, while Buffalo Wild Wings and Discount Tire will open in the second quarter.
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Photo credit: pmcre.com