As we head into the fall season, there is significant activity at The Silverman Group’s Concord Airport Business Park. The latest development is the construction of Phase II, a 108,000-square-foot speculative industrial building on Aviation Boulevard. The site is cleared, and the foundation will be poured shortly. The building will be finished in January 2016. Several companies are vying for the space currently.
The 152,000-square-foot building adjacent to the Amazon facility was recently leased to a California-based manufacturing company for its Project Tarheel. They haven’t made a public announcement yet, but we’re excited to welcome them to the Concord area. Meanwhile, we continue to field inquiries looking for space in the Concord Airport Business Park project. The majority of those inquiries come from companies in the immediate Charlotte area, while the others are from out of state.
The close proximity to I-85 is a strong driver for new industrial development in Cabarrus County. The recent widening of I-85 and the completion of I-485 have greatly improved the overall local transportation network. Additionally, upgrades in infrastructure at the Concord Regional Airport are positive as well.
We are extremely pleased that Amazon chose the Park for its first distribution center in North Carolina. They have an excellent organization and are great for the community. Amazon chose the Concord facility based on its proximity to I-85 and the availability of a strong workforce. They had a tight timeframe and our initial building met their needs.
It’s been satisfying to see that Cabarrus County is capturing the attention of a wide range of industries, which I think is reflective of the universal appeal of the area for industrial and office companies. Representatives from the energy, automotive, food and beverage, aerospace, logistics and back office industries all have toured the park.
One of the things that helps give Cabarrus County an advanced edge is its pro-business attitude relative to permitting and the fact that companies – and their families – feel welcome in the community. We offer just what prospective businesses are looking for: relatively low taxes, competitive utility rates, limited labor union activity and excellent transportation linkages. Plus, add to that the close proximity to Charlotte, Charlotte Douglas International Airport and numerous cultural opportunities, Cabarrus County offers the perfect combination of urban and rural characteristics for any business.