Lash Group Plans to Locate New, 250,000-Sq.-Ft., Headquarters in Charlotte Metro
- Jun 20, 2014
By Eliza Theiss, Associate Editor
Lash Group Inc. has announced plans to develop a new national headquarters to accommodate rapid growth and consolidate operations. The new HQ will be located in the Charlotte Metro town of Fort Mill, S.C. JLL is assisting Lash Group with the relocation.
A AmerisourceBergen Corp. subsidiary, Lash Group has teamed up with Childress Klein Properties and The Springs Co. for the 250,000-square-foot Class A office building. The building will be located in Fort Mill’s Kingsley North business park.
The company will initially invest $57.3 million to develop the new location. The figure includes a long-term lease commitment. According to the South Carolina Department of Commerce, the company’s total investment could go up to $90 million within a few years, and include a second phase with a second building. The South Carolina Coordinating Council for Economic development approved a $2 million set aside grant and job development credits for the project.
Lash Group is expected to take occupancy of the initial 250,000 square feet in March 2016, when it will employ 1,200 current and new workers. The company will keep around 600 employees in Charlotte through 2019, reported the Fort Mill Times. Based on the company’s current growth projections, the Fort Mill workforce will double to 2,400 associates within a few years.
The new Fort Mill campus will be located in the 530-acre undeveloped Kingsley office park, which features seamless accessibility to I-77 and Highway 160 and is only 11 miles away from Charlotte Douglas International Airport. Kingsley is also within Clear Springs, the region’s largest mixed-use community. Existing and planned amenities at Kingsley include hotels, restaurants and a mix of service providers, as well as the nearby 2,100-acre Anne Spring Close Greenway, ideal for health, wellness and corporate events.
Another company that just announced it will establish a presence in Kingsley is LPL Financial LLC, a subsidiary of LPL Financial Holdings Inc. The largest independent broker/dealer in the U.S is set to break ground in 2015 on a new regional headquarters that will complete by fall 2016. The new corporate office will include amenities such as a health and fitness center, onsite eatery and environmentally conscious features.
LPL will invest $150 million in the new facility through 2022 and create 3,000 jobs, having designated the greater Charlotte region as its primary job growth destination in the following five years.
Click here for further Charlotte market data
Images courtesy of South Carolina Governor Nikki Haley via Facebook