Press Releases

SouthPoint Industrial Park in Mocksville Continues to Expand

SouthPoint Industrial Park in Mocksville Continues to Expand

September 18, 2018

Building Number Ten is underway in the SouthPoint Park in Davie County, NC

Mocksville, NC (September 18, 2018) – Less than a year from a 75+ acre expansion in the SouthPoint Business Park, North Carolina; The Hollingsworth Companies are starting the second facility in a four building expansion in their park. The Hollingsworth Companies have been a long time supporter of the Mocksville community with the introduction of the areas first industrial park in 1997. “I would like to thank the community for being willing to invest time, effort, and money into being a true partner in making this park successful and I want to thank the entire county for their willingness to help us develop their area,” Hollingsworth said.

This tenth building, a 253,180 square foot industrial building, will be a similar designed, steel and masonry facility, with 30’ clear height, 60 foot by 60 foot column spacing and high intensity LED lighting. This facility design has been very successful for The Hollingsworth Companies with four industrial parks and over 125 buildings across the Southeastern Manufacturing corridor located from Virginia to Mississippi. From their beginnings as a local development company in Clinton, TN, The Hollingsworth portfolio now includes 18 million square feet of property leased to companies that range from manufacturing to distribution and fortune 100 companies to high growth, early stage companies less than two years old.

The ninth building in the park, a 108,960 SF facility built on spec. is currently available for a long-term lease by a light manufacturing and/or distribution company. Two additional buildings are planned in the park, a 152,160 SF facility that can be expanded to 238,590 SF and a 130,344 SF facility that can be expanded to 259,944. Both are expected to be constructed in 2019.

“Mocksville could not have asked for a better business partner than the Hollingsworth Companies. It has been a pleasure working with such a professional organization that has helped bring so many employers to our town since 1997. With their new buildings coming on line in the near future, Mocksville will remain at the forefront of economic development in this booming economy” stated Will Marklin, Mayor, Mocksville, NC.

Terry Bralley, President of the Davie County Economic Development Commission added “Mocksville-Davie County has been the envy of rural communities in North Carolina for 20 years. Our community has developed the perfect public-private partnership to support an industrial park with speculative buildings bringing 100’s of jobs and new investment to our community.

Hollingsworth believed in our community when others did not. Without industrial buildings in today’s fast paced environment, communities do not have the opportunity to grow future jobs.

The partnership with Hollingsworth, the largest non urban industrial real estate developer and construction firm in the southeast United States continues to creates an incredible winning story for our community, of which we are most grateful.”

The SouthPoint Industrial park is located adjacent to the I-40 between the I-85 and I-77. This location is ideally suited for manufacturing and distribution companies that support the Charlotte, Winston Salem, and Greensboro MSA’s. The Charlotte MSA has seen strong growth with defense-related industries with four of the nation’s top ten defense contractors locating facilities in the area as well as a strong market for distribution companies located along the I-85 corridor. Greensboro has well established manufacturers in chemicals (pharmaceuticals), transportation equipment, machinery, and fabricated metals. While the Winston Salem area sees continued expansion in Apparel, Aerospace, and Construction Equipment manufacturing.

About The Hollingsworth Companies
The Hollingsworth Companies are the largest non-urban Industrial Real Estate developer and construction firm in the southeastern United States with 125 tenants, eighteen million square feet of industrial space, spread over 15 states. The Hollingsworth Companies has facilities located in North Carolina, Alabama, Georgia, Mississippi, South Carolina, Tennessee, and Virginia. For more information about The Hollingsworth Companies, contact, Tom Mann, Senior Vice President of Industrial Real Estate, at 865.457.3701, tmann@hollingsworthcos.com

Press Contact:
Tom Mann
865-719-6884
tmann@hollingsworthcos.com

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Industrial Development continues at record pace in Huntsville, Alabama.

Industrial Development continues at record pace in Huntsville, Alabama

July 24, 2018

The Hollingsworth Companies break ground on two new industrial lots and will complete two facilities under construction in the SouthPoint Industrial Park

Huntsville, AL – July 24, 2018 – The Hollingsworth Companies broke ground on their ninth and tenth industrial project in SouthPoint Industrial Park, Alabama. This is the third and fourth projects started within the last 12 months and is designed to support the continued growth in the North Alabama market. The two new lots are designed to support industrial facilities from 108,960 SqFt to 195,360 SqFt, with an additional lot that will support facilities up to 327,600 SqFt. These lots are available for Build to Suit projects focused on light manufacturing, warehousing, and distribution.

The expansion in SouthPoint has been fueled indirectly by the city’s existing top employers that include the U.S. Army, 35,000 employees, NASA/Marshall Space Flight Center, 6,500, and Boeing 2,600. As well as a rapid growth over the past three years of more than 9,000 new jobs created across the city of Huntsville. Some of the largest areas of growth have been observed in companies like Polaris and Remington. Polaris, for example, has brought 2,000 jobs to the Huntsville area alone. Further growth is expected from the newly announced Mazda/Toyota joint venture (MTMUS) facility. The facility is expected to create up to 4,000 jobs. Toyota and Mazda are investing $1.6 billion towards this project with additional investment expected from Tier 1 and Tier 2 suppliers.

Mark Yarborough, Chairman of the Limestone County Commission stated, “We are excited to work with The Hollingsworth Companies and see the continued growth at SouthPoint Industrial Park. Clearly there is a demand for industrial buildings in Limestone County and this will continue to increase with the new Mazda Toyota assembly plant. These new facilities with be a welcome addition to the available inventory of high quality industrial space in our area.

“Limestone County Economic Development Association (LCEDA) is very happy to see that the Hollingsworth Companies is adding two additional pregraded lots to the SouthPoint Business Park in Limestone County, Alabama. In this era of industrial activity, having large industrial buildings ready for occupancy is a real plus for the Limestone/Madison area. We are pleased to continue our long term relationship with The Hollingsworth Companies and look forward to helping bring occupants to park” added Tom Hill, President of the LCEDA.

In addition to the two new pregraded sites in SouthPoint, two completed buildings are available for lease. A 227,600 SqFt class A building with 14 loading docks and 30’ clear height and a 108,960 SqFt building with 6 loading docks and 32’ clear height. Both buildings include LED lighting, 60’ x 60’ column spacing, ESFR fire suppression system and are suitable for light manufacturing, warehouse or distribution space.

The SouthPoint Industrial park is located adjacent to the I-65 and I-565 interstates, between Nashville, TN and Birmingham, AL. This location provides quick access for companies that want to be centrally located in the Southeast manufacturing corridor. The SouthPoint Park, Alabama was designed for companies that support the greater Huntsville MSA that includes the Southern Automotive corridor, Red Stone Arsenal, Army Contracting Command, and NASA’s Marshall Space Flight Center.

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Scapa Healthcare Breaks Ground on Knox County Manufacturing Facility

Global adhesive manufacturer to create more than 100 new jobs in Knox County

March 22, 2018

Scapa Healthcare, a leading global manufacturer of bonding products and adhesive components for the healthcare and industrial markets, broke ground today on its new manufacturing facility in Hardin Business Park. Representing a $31 million capital investment, the new operation is expected to create more than 100 new jobs in Knox County over the next five years.

Scapa Healthcare is a global strategic outsource partner of skin-friendly, turn-key solutions for the healthcare industry. With production sites in Europe, Asia and North America, the company partners with market leaders to design, develop, manufacture and commercialize innovative medical device products.

The new 152,000 square-foot medical device manufacturing facility allows Scapa Healthcare to support its growing business and consolidate its current Knoxville operations into one location.

Speakers for today’s ceremony included Rhonda Rice Clayton, executive vice president of the Knoxville Chamber; Knox County Mayor Tim Burchett; The Development Corporation of Knox County Board Chair Jim Nichols; Tom Wortham, senior vice president of architecture and business development for The Hollingsworth Companies; Scapa Healthcare COO John Petreanu; Eric Springer, global finance director for Scapa Healthcare; and Mike Edwards, president and CEO of the Knoxville Chamber.

Quotes from Key Stakeholders:
“We are excited to increase our footprint in Knox County to meet increased market demand,” said Joe Davin, president of Scapa Healthcare. “We look forward to continuing to make a positive impact on this community as we continue promoting job creation in the region.”

“Scapa Healthcare’s new 152,480 square-foot facility will be a state-of-the-art medical device facility with the ability to expand to 250,000 square feet to accommodate future growth,” said Tom Mann, senior vice president of industrial real estate for The Hollingsworth Companies. “We have been impressed with the expertise of the Scapa management team and the Development Corporation of Knox County to develop and gain approval of this project so it could be delivered on such a short timeline.”

“The Development Corporation of Knox County (TDC) is honored to have played a part in helping a great company like Scapa Healthcare make the decision to remain and grow its operations here in Knox County,” said Todd Napier, president and CEO of TDC. “When the local community and private industry are able to work together toward common interests, it creates win-win situations like this one.”

“We are thrilled that global companies like Scapa Healthcare see the value in doing business in East Tennessee,” said Doug Lawyer, vice president of economic development for the Knoxville Chamber. “The choice to reinvest in Knox County reinforces that our region is a tremendous place to locate, operate and grow.”

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Economic Development is a Team Sport in Davie County, NC

Groundbreaking for Phase III of the SouthPoint Business Park held in Mocksville, NC.

Mocksville, NC (September 18, 2017)Local and state officials and members of the business community gathered to celebrate Phase III of the SouthPoint Industrial Park in Mocksville as well as the longtime partnership between Davie County and the Hollingsworth Companies which has provided the community with hundreds of jobs and millions of dollars in investments.

The Hollingsworth Companies broke ground today on construction of a 108,960 square foot spec building and three pre-graded building pads in the industrial park on US Hwy 601. This combined 641,000 square feet of additional industrial space has the potential of providing hundreds of additional jobs over the next five years.

“I would like to thank the community for being willing to invest time, effort, and money into being a true partner in making this park successful and I want to thank the entire county for their willingness to help us develop their area. It is my belief that the next 12 years will be the best economic period of our lives,” Hollingsworth said.

“We are coming out of the “Perfect Storm” that had formed against industrial development in the last 10 years. Over-regulation in banking, building codes, and environmental regulations had a virtual stranglehold on industrial developers.”

Representative Julia Howard, North Carolina House of Representatives, thanked Joe Hollingsworth for having the vision it took to come to Davie County. “Here we are, a rural community with a tract of land, but you had a vision of what that could become…We are very grateful that you believed in us and took that step to partner with us. We are approaching the 20-year mark, and I hope that as we reach the 40-year mark another group of people will be sitting under another tent celebrating another expansion.” she added.

Terry Bralley, President of Davie County Economic Development, is equally thankful for the relationship. “The partnership we have with the Hollingsworth Companies has allowed Davie County to leverage private money rather than risking the public’s money. We’ve been able to focus on what we do best — water, sewer, roads, and infrastructure.”

He went on to say that “Economic development really is a team sport, it takes each and every one of us working together to make these kinds of projects happen. Our representatives in Raleigh along with the elected officials from across Davie County have learned how to coordinate efforts to get things done quickly and efficiently.”

‘It is a very competitive world we live in today,” Bralley added. “What really makes the difference is figuring out the opportunities that are out there and what it will take to make things happen. This community, time and time again, has led by example in terms of finding ways to get rid of impediments to growth.”

“We have been very successful in attracting industry and investment into this area to the point that today there are no existing buildings left in inventory and we have an unemployment rate that is one of the lowest in the state at about 3.5%. We can’t stop there. We have to look to the future. We all know that industry is looking for existing buildings because they want to be able to move in within 90 days.”

Christopher Chung, EDPNC CEO, said, “It’s always exciting to see communities take a proactive approach in adding more “product” in their market, and it’s what often differentiates the most successful local economic development efforts.”

“Davie County is fortunate to have great partner like Joe Hollingsworth and the Hollingsworth Companies… Best of luck as you all begin focusing on the really fun part: finding tenants for those buildings!”

About The Hollingsworth CompaniesThe Hollingsworth Companies are the largest non-urban Industrial Real Estate developer and construction firm in the southeastern United States with 125 tenants, eighteen million square feet of industrial space, spread over 15 states. The Hollingsworth Companies has facilities located in Alabama, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia. For more information about The Hollingsworth Companies, contact, Tom Mann, Senior Vice President of Industrial Real Estate, at 865.457.3701, tmann@hollingsworthcos.com

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Press Contact:
Tom Mann
865-719-6884
tmann@hollingsworthcos.com

North Carolina Rural Infrastructure Authority approved a Grant for the Town of Mocksville

The 900-foot roadway extension in SouthPoint North Carolina Industrial Park will allow a project to include one spec building and three additional building pads.

Mocksville, NC (August 31, 2017)The North Carolina Rural Infrastructure Authority (RIA) approved a grant request for the Town of Mocksville (Davie County): A $411,425 grant to extend Quality Drive in Southpoint Business Park. The improvements will consist of 900 feet of 24-foot-wide roadway, 900 feet of water lines and related equipment, and storm drainage. The project also includes one spec building and three pre-graded building sites. With this extension of Quality Drive, the park can offer new construction options for businesses. This grant is part of the 22 grants approved totaling $15,802,945 that was accounted by N.C. Commerce Secretary Anthony M. Copeland.

“These investments will help our rural communities prepare for and win business,” said Secretary Copeland. “The Rural Infrastructure Authority’s work supports necessary infrastructure improvements and projects that will help communities prepare and compete for jobs.”


A team of rural economic development specialists at the N.C. Department of Commerce support the Authority’s work. Authority members review and approve funding requests from local communities. Funding comes from a variety of specialized grant and loan programs offered and managed by N.C. Commerce’s Rural Economic Development Division, led by Assistant Secretary for Rural Development Napoleon Wallace. Grants can support a variety of activities, including infrastructure development, building renovation, expansion and demolition, and site improvements.

“The RIA grant has allowed us to get back into the spec building business in North Carolina. We are starting with a building of 108,960 square feet, but are also pre-grading three more sites to allow us to quickly complete build-to-suit projects up to 380,000 square feet in the SouthPoint Business Park. This year marks the twentieth year of our public/private partnership with Mocksville and we couldn’t be more excited about the future.” says Joe Hollingsworth, Jr. CEO of the Hollingsworth Companies.

Terry Bralley, President of the Davie County Economic Development Commission stated “the infrastructure grant is to the extend road and water lines an additional 900 ft. to allow for 4 graded building sites and the construction of a 108,000 sq. ft spec building, the other pads will allow for a 150,000 sq ft, 130,000 and a 250,000 sq ft building. This will give us a huge advantage in bring product to the market. This is a public/private venture that has paid huge dividends. We currently have 8 other business in the park. Like most counties today we are out of industrial buildings and this will allow us to bring product to market to continue to bring investment and jobs to our community.”

For more information about the SouthPoint Industrial Park located in Mocksville, North Carolina, contact Tom Wortham at 865-457-3701, twortham@hollingsworthcos.com

About The Hollingsworth Companies

The Hollingsworth Companies are the largest non-urban Industrial Real Estate developer and construction firm in the southeastern United States with 125 tenants, eighteen million square feet of industrial space, spread over 15 states. The Hollingsworth Companies has facilities located in Alabama, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia. For more information about The Hollingsworth Companies, contact, Tom Mann, Senior Vice President of Industrial Real Estate, at 865.457.3701, tmann@hollingsworthcos.com

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Press Contact:
Tom Mann
865-719-6884
tmann@hollingsworthcos.com

Second industrial building started this year at SouthPoint Business Park, Alabama

The Hollingsworth Companies break ground on 108,960 SqFt Industrial building in Huntsville, Alabama

Huntsville, AL – July 18, 2017 – The Hollingsworth Companies broke ground on their sixth industrial building project in SouthPoint Industrial Park, Alabama on July 18th. This is the second facility started within the last 2 months and is a replacement for a building that was leased early this month. The 108,960 SqFt class A steel building, with 32’ clear height and LED lighting is suitable for warehouse or manufacturing space.

Tommy Battle, Mayor of Huntsville stated ”The timeline for industrial development projects is becoming quicker because companies want to be in business as fast as they can. Clearly there is demand in Huntsville for industrial facilities and we are sure that this trend will continue as more businesses learn Huntsville is an ideal location to make them successful. This new facility will be a welcome addition to the available inventory in Huntsville.”

Limestone County Economic Development Association (LCEDA) is very happy to see that the Hollingsworth Companies is adding another building (108,960 sq. ft.) to the SouthPoint Business Park in Huntsville, Limestone County, Alabama. The park has great visibility from Interstate 65 and Interstate 565 and has all utilities in place including high speed fiber. We are pleased to continue our long term relationship with Hollingsworth and look forward to helping bring occupants to the building” added Tom Hill, President of the LCEDA.

In addition to the two buildings in Alabama, The Hollingsworth Companies have completed a 126,000 SqFt building in Andersonville, TN, started an 85 acre expansion of SouthPoint Business Park in Mocksville, NC and plan to start construction of a 108,960 upon completion of the park expansion. Joe Hollingsworth, CEO of The Hollingsworth Companies stated “We are continuing to see an improvement in the real estate market as government regulations have been rolled back. This improvement is all a result of increased manufacturing numbers and continued confidence in the economic recovery.”

The SouthPoint Industrial park is located adjacent to the I-65 and I-565 interstates, between Nashville, TN and Birmingham, AL. This location provides quick access for companies that want to be centrally located in the Southeast manufacturing corridor. The SouthPoint Park, Alabama was designed for companies that support the Red Stone Arsenal, Army Contracting Command; NASA’s Marshall Space Flight Center; and the Southern Automotive corridor.

The Hollingsworth Companies have already delivered 60+ projects throughout the southeast to various clients and sees the pace of this picking up again. The projects include Build-to-Suit and Finish-to-Suit projects ranging in size from 85,000 square feet to 400,000 square feet.

About The Hollingsworth Companies
The Hollingsworth Companies are the largest non-urban Industrial Real Estate developer and construction firm in the southeastern United States with 125 tenants, eighteen million square feet of industrial space, spread over 17 states. Facilities are strategically located in Alabama, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia. For more information about The Hollingsworth Companies, contact, Tom Mann, Senior Vice President of Industrial Real Estate, at 865.457.3701, tmann@hollingsworthcos.com.

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Media Contact:
Tom Mann
The Hollingsworth Companies
865-457-3701 (Office)
256-777-1995 (Mobile)
tmann@hollingsworthcos.com

Joe Hollingsworth Honored at Junior Achievement’s National Volunteer Summit

FOR IMMEDIATE RELEASE
MEDIA CONTACT:

Chip Reed
chip@jaeasttennessee.org
865-457-2461

Business leader wins Junior Achievement’s top volunteer leadership award


(Joe Hollingsworth, right, is shown receiving the Gold Leadership Award from Jack Kosakowski, President & CEO of Junior Achievement USA in New York City last week)

New York, NY — Junior Achievement USA® (JA USA) presented their Gold Leadership Award at the National Volunteer Summit in the recipients’ honor at The Paley Center in New York City. From East Tennessee Junior Achievement, Joseph A. Hollingsworth Jr. has been chosen from more than 237,000 U.S. volunteers as one of the 11 recipients of the organization’s most prestigious national award for volunteerism.
Junior Achievement’s Gold Leadership Award honors volunteer excellence, presented in recognition of leadership in supporting and expanding JA’s student impact, resources, operational excellence and sustainability. The Gold Leadership Awards honor the recipients’ JA volunteer service during the 2015-16 school year. Junior Achievement’s Volunteer Summit will convene local JA leaders and chairpersons with the JA USA board of directors and national staff.
“Our local business community’s support of JA is critical to achieving our mission, to inspire and prepare young people to succeed in the global economy,” said Chip Reed, President of Junior Achievement of East Tennessee. “Joe Hollingsworth, Owner and CEO of the Hollingsworth Companies, is a remarkable example of that spirit of dedication and service to others. I believe that Joe has found JA to be the perfect outlet for giving back because finding the next generation of risk takers, matters to Joe and teaching a new generation of young people to stand on their own two feet, matters to Joe.”
Mr. Hollingsworth has been instrumental in JA’s ability to reach thousands of students over the years. He has mentored the staff, recruited volunteers and funding from other organizations, and has led the campaign to build and run the organization’s JA BizTown facility located in Clinton, TN. Hollingsworth is a member of JA’s East Tennessee Business Hall of Fame and a Legacy Level member of JA’s Free Enterprise Giving Society, the top level of recognition for financial contributions given by Junior Achievement.

A complete list of National Gold Leadership Awards Winners:
Craig Boyan, President & COO, H.E. Butt Grocery Company, San Antonio, TX
Gregory L. Ebel, President & CEO, Spectra Energy Corp., Houston, TX
Steve R. Gray, Vice President, KeyBank, Portland, OR
Joseph A. Hollingsworth, Jr., Owner & CEO, The Hollingsworth Companies, Clinton, TN
John Koons, Community Relations Coordinator, OG&E (Oklahoma Gas and Electric), OK
David Locke, Chairman & CEO, McFarland State Bank, Wisconsin
Kevin D. Mather, President & COO, Seattle Mariners, Seattle, WA
David Pankau, President & CEO, BlueCross BlueShield of South Carolina, Columbia, SC
Sandy Rothe, Partner, Deloitte, Denver, CO
Dino E. Rubusto, Co-President, CHUBB Corporation, New Jersey
Anthony Viscogliosi, Founder and Principal, Viscogliosi Brothers, LLC, New York, NY

About Junior Achievement of East Tennessee:
Founded nationally in 1919 and locally in 1969, Junior Achievement’s mission is to inspire and prepare young people to succeed in a global economy. Junior Achievement uses hands-on experiences to help youth understand the economics of life. In partnership with business and educators, Junior Achievement brings the real world to students, opening their minds to their potential. JA programs deal with real issues like workforce readiness, financial literacy, and entrepreneurship so that young people not only understand their opportunities in life but can also take advantage of those opportunities.
JA develops young people with volunteer driven K-12 classroom based programs, collaborative after school initiatives, job shadowing opportunities and an experiential learning curriculum and facility called JA BizTown.
For more information on JA Programs in East Tennessee, please visit www.jaeasttennessee.org or call (865)457-2461.

About Junior Achievement USA® (JA)
Junior Achievement is the world’s largest organization dedicated to giving young people the knowledge and skills they need to own their economic success, plan for their future, and make smart academic and economic choices. JA programs are delivered by corporate and community volunteers, and provide relevant, hands-on experiences that give students from kindergarten through high school knowledge. Today, JA reaches 4.8 million students per year in more than 100 markets across the United States, with an additional 5.6 million students served by operations over 100 other countries worldwide. Visit www.ja.org for more information.

Morrisofa Global Inc. has opened facility in SouthPoint North Carolina Business Park

The Hollingsworth Companies leased the remaining building and plans to expand SouthPoint North Carolina Industrial Park

Mocksville, NC (June 21, 2017) – Morris Holdings is the newest tenant in the SouthPoint Business Park located in Mocksville, North Carolina. Morrisofa Global is an importer and distributor of upholstered furniture. Morrisofa’s parent company, Morris Holdings, started in 2002, designs and manufactures one of the top lines of upholstered sofas and sofa products. Morris sells and markets product through distribution and their own retail outlets in in PRC (China). In addition, they are one of the leading exporters of sofa products from China to the United States.

Wayne Stewart, Vice President of Morrisofa Global Inc. stated, “We recently leased a 92,000 SF building in Mocksville, NC from the Hollingsworth Companies.  This location was selected because of the logistical advantage of both North, South, East and West transportation corridors and for the excellent value of the property.  Hollingsworth has been great to work with during the entire closing and move in process and we anticipate a good working relationship moving forward.”

Terry Bralley, President, Davie County Economic Development Commission added “having a building partner like The Hollingsworth Companies makes a big difference in a rural community.  Without a building program this project would not have happened in our community, even though it’s a perfect fit for us! We are in the heart of furniture country, and perfectly located on the east coast for logistics.  We are excited to have the new jobs added to our community, and welcome Morrisofa Global to Mocksville and Davie County. This is the 8th company attracted with this public/private partnership with The Hollingsworth Companies.”

“We have seen a significant increase in activity since the election of Donald Trump as all of our facilities in the SouthPoint Industrial parks in North Carolina, Alabama, and Virginia are now leased. We have broken ground on 500,000 SF of additional industrial space across our parks and started an 80 acre expansion in SouthPoint Mocksville.” stated Joe Hollingsworth, President and CEO of The Hollingsworth Companies.

For more information about the SouthPoint Industrial Park located in Mocksville, North Carolina, contact Warren Hammer at 804-441-1385, whammer@hollingsworthcos.com

About The Hollingsworth Companies
The Hollingsworth Companies are the largest non-urban Industrial Real Estate developer and construction firm in the southeastern United States with 125 tenants, eighteen million square feet of industrial space, spread over 15 states. The Hollingsworth Companies has facilities located in Alabama, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia. For more information about The Hollingsworth Companies, contact, Tom Mann, Senior Vice President of Industrial Real Estate, at 865.457.3701, tmann@hollingsworthcos.com

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Press Contact:
Tom Mann
865-719-6884
tmann@hollingsworthcos.com

A&S Building Systems has relocated to David Jones Industrial Park

A&S Building Systems designed and manufactured the new facility in conjunction with the developer, The Hollingsworth Companies.

Andersonville, TN (May 23, 2017) – A&S Building Systems, a division of NCI Buildings Group, has relocated their headquarters from Caryville, TN to the David Jones Industrial Park in Andersonville, TN on Friday. The ribbon cutting for their new facility was attended by Anderson County Chamber officials and many General Contractors throughout the United States attended to congratulate the employees.

With the new facility, A&S has expanded their engineering and sales support. President, Dennis McDeavitt states “A&S has seen continued growth by maintaining a recognized level of customer service. While we ship buildings world-wide, many local projects such and the Knoxville News Sentential and the Holsten Gas facilities are highly visible.”

“A&S Building systems have been a key partner in our Southern Advantage building program. We have been very pleased with the expertise of their design and sales team, ease of construction, and long term quality of their buildings” stated Joe Hollingsworth, President and CEO of The Hollingsworth Companies.

About A&S Building Systems
A&S, a division of NCI, was founded in 1958; the company is an industry leader in the design and fabrication of pre-engineered metal buildings throughout North America. For more information contact Craig Schupp, Vice President of Sales, at 865-426-2141, sales-marketing@a-s.com

About The Hollingsworth Companies The Hollingsworth Companies, with facilities located in Alabama, Georgia, Mississippi, North Carolina, Tennessee, and Virginia, are the largest semi-rural Industrial Real Estate development firm in the southeastern United States. For more information about David Jones Industrial Park or The Hollingsworth Companies, contact, Tom Mann, Senior Vice President of Industrial Real Estate, at 865.457.3701, tmann@hollingsworthcos.com.

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Press Contact:
Tom Mann
865-719-6884
tmann@hollingsworthcos.com

Anderson County, TN approves first TIF; the incentive is approved for Industrial Development in David Jones Industrial Park

Clinton, TN (December 8, 2016) – The Anderson County Commissioners and Industrial Development Board of Anderson County have approved, for the first time, a Tax Incentive Financing program (TIF) for Industrial Development. The TIF is approved for two industrial buildings and site to be developed by The Hollingsworth Companies.

The recession of 2008 paired with increased energy code requirements (IECC Regulations) and water quality requirements created a perfect storm for industrial development. Typically, industrial developers build “speculative” buildings in anticipation of future tenant demand. These buildings are a financial risk to the developer, but a benefit to the local community as it allows for quick occupancy to potential manufacturing and distribution companies.

As the recession hit, manufacturers became cautious with expansion plans. In the same time period, the federal government increased energy and drainage building code regulations significantly driving up construction costs. The net result of both these events greatly increased the price difference between “new” and “existing” buildings.

This widening gap of new versus used rental prices for industrial buildings resulted in a further reduction in the supply of industrial space. Industrial space for manufacturing, distribution, and warehousing is one of the critical elements in growing the economy and expanding business in semi-rural communities.

To stimulate the expansion of speculative industrial space, governments can turn to incentive plans to offset rising costs. While this may seem short sided from a tax standpoint, the reality is quite the opposite. Communities with immediately available industrial space have a higher opportunity to attract new prospects. These companies result in new job creation and increase the tax base with additional business income tax, sales tax, and personal property tax.

The community leaders of Anderson County saw the opportunity to restart industrial development in their community with a TIF. This TIF was approved to use future property tax revenue to improve infrastructure and increase development in the David Jones Industrial Park.

“This TIF will result in 2 speculative industrial structures of 126,000 sq. ft. (square feet) that include 13,100 sq. ft. of commercial office space” said Bear Stephenson, Chairman of the Anderson County Industrial Board. “The commercial office space will retain 51 engineering and sales jobs that would likely be moved out of state.”

Bear further stated, “It is anticipated these buildings will attract automotive, plastics, nonwovens, and various other manufacturing and distributions companies and the resulting jobs to Andersonville.”

“The government leaders of Anderson County, TN are positioning their community to quickly respond to economic growth”, stated Joe Hollingsworth, CEO of The Hollingsworth Companies. “The recent elections will result in an upturn in the economy. Those communities that have available industrial space, will be in the best position to respond quickly to manufacturing and distribution opportunities.”

About The Hollingsworth Companies
The Hollingsworth Companies, with facilities located in Alabama, Georgia, Mississippi, North Carolina, Tennessee, and Virginia, are the largest semi-rural Industrial Real Estate development firm in the southeastern United States. For more information about David Jones Industrial Park or The Hollingsworth Companies, contact, Tom Mann, Senior Vice President of Industrial Real Estate, at 865.457.3701, tmann@hollingsworthcos.com.

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