Momentum is building across our SouthPoint industrial parks, with this quarter marked by new lease activity and multiple developments breaking ground.
In Mocksville, NC, both of our new single-tenant industrial buildings are fully leased. The two recent lease transactions further validate the strength of demand for Class A space in the SouthPoint North Carolina Business Park. These commitments reflect the continued appeal of well-located, high-quality space for manufacturing and distribution in this region.
In Cookeville, TN, we have two brand-new Class A industrial buildings (152K SF and 228K SF) now available in the Highlands Business Park. Located on I-40 between Nashville and Knoxville, Cookeville is home to Tennessee Tech, one of the state’s premier engineering and technical universities. The university is a workforce engine, with specialized programs in mechatronics, robotics, and advanced manufacturing. Tennessee Tech supports employers through tailored workforce development partnerships, industrial research collaboration, and hands-on training for in-demand skills. Companies locating in Cookeville gain direct access to this talent pipeline and benefit from a community that understands and supports industrial growth. Combined with the area’s strong infrastructure, ample power in the park with a nearby substation, and competitive market cost advantages for operations, Cookeville stands out as a strategic destination for manufacturers and growing companies needing move-in-ready industrial space.
Looking at the broader market, speculative construction starts across the Southeast have slowed, and absorption is catching up. Vacancy in Richmond, Virginia, stands at 3.5% (CBRE), Columbia, South Carolina holds at 5.7% (Colliers), and national absorption could hit 156M SF this year (NAIOP). Overall, the market is signaling toward a tighter, more competitive second half of 2025.
If your company is planning for growth in 2025 or 2026, now is the time to evaluate strategic locations. We’d love to connect.
