Something Old and Something New

Back in 2013, the City of Cookeville Tennessee reached out to the Hollingsworth Companies to respond to a request for proposal for Ficosa, a Tier 1 automotive manufacturer looking to consolidate three facilities into a single more efficient 250,000 square foot Build-to-Suit facility with a robotic paint booth and crane served injection molding areas. We had been looking for an opportunity to work with the City of Cookeville. We were able to land the Ficosa Project and they have brought hundreds of jobs to the community.

The high-quality workforce made the Cookeville location very attractive for the high-tech manufacturing project. Cookeville is the home to Tennessee Tech a four-year degree university annually graduating over 1000 students with highly desirable degrees for manufacturing operations, like mechanical and civil engineering and computer science. This pipeline of eager and intelligent workers is highly prized.

The Hollingsworth Companies has been fortunate enough to have been extremely successful at building and leasing industrial facilities. The industrial parks we started 20 years ago are filled to capacity and we need to find new locations for leased industrial facilities. So, this time, we reached out to Cookeville. They too were excited about the possibility of having the Hollingsworth Companies bring ready industrial buildings to attract more manufacturing companies to their community.

In any real estate decision, location is always of prime importance and Highlands Business Park is located between Nashville and Knoxville on I-40. The Hollingsworth Companies have acquired two lots there next to the Ficosa plant and construction will begin in 2023 on two speculative industrial facilities of 152,160 SF and 202,560 SF. The facilities are being developed for single tenant users, with a 32’ clear height, 60’ x 60’ column spacing, ESFR fire protection, and LED lighting as standard features. Both facilities will be available for long-term lease.

In today’s still erratic supply chain situation, having a building that is a fact on the ground takes the uncertainty out of the equation. In any new business venture the value of time is of prime importance. A delay of 6 months can turn an attractive opportunity into a financial disaster. Contact us now and we can still customize the facility to your company’s needs.

“Joe Hollingsworth participated as one of our first equity investors. In addition, Joe Hollingsworth has served as a board member and leading advisor for strategic planning and direction.” — Scott Kelley, President and CEO, Service Center Metals