The Phase III infrastructure expansion in the SouthPoint Business Park located in Mocksville, North Carolina is completed. A total of 85 acres of land was developed into 4 pre-graded, foundation-ready building sites totaling 641,000 SF of additional industrial space. The buildings in the Phase III portion of the park will range in size from 108,960 SF to 253,052 SF. With this expansion, the SouthPoint Business Park has become one of the largest semi-rural industrial parks in the state.
The first building to be completed in this expansion was a steel and masonry, Class A, 108,960 SF facility that is now available for lease. Construction is now underway for the second of four buildings in the Phase III expansion. This new project will be a 253,052 SF facility that is designed for a single tenant on a long-term lease. The likely tenant will be a light manufacturing or distribution company. North Carolina enjoys the best corporate tax rate in the Southern Manufacturing Region. Also, the State of North Carolina has consistently provided strong incentive programs for companies that expand to the region.
The Hollingsworth Companies has seen this central location along the I-40, with support from state and local economic development agencies and favorable business taxes in the state, as key to the long-term success of SouthPoint Business Park, North Carolina. However, the catalyst that kicked off this aggressive expansion was the State of North Carolina’s regulatory reforms that relieved the crippling cost burdens of the 2012 IECC. The regulatory reforms reduced the costs of industrial buildings by as much as 13% which has opened the door once again for developers like The Hollingsworth Companies to proactively invest in speculative industrial space.
The Hollingsworth Companies has developed 4 business parks located in: Clinton, Tennessee; Mocksville, North Carolina; Prince George County, Virginia; and Tanner, Alabama. SouthPoint Business Park in Mocksville is located 2 miles from I-40 and was founded in 1997. Phase I of the SouthPoint Business Park was the development of 45 acres and 4 buildings that were constructed on this site for a total of 325,860 SF. Phase II included the development of an additional 57 acres of land and 4 more buildings, totaling another 421,126 SF of industrial space.
Whether you are looking for an existing facility or a build-to-suit facility for your business expansion in the Southeast, please contact The Hollingworth Companies and allow them the opportunity to quote your next project.