亨利县 enters public-private partnership to construct shell building
COLLINSVILLE, Va. (12月. 19, 2023) ‒ The 亨利县 Board of Supervisors and the 亨利县 Industrial Development Authority (IDA) have approved an agreement with the Marlboro Development Team (联合化疗) to construct a 105,000-square-foot shell building on Lot 2 of the Patriot Centre Industrial Park.
This marks the first time that the county has entered into an agreement with a private developer for the purpose of constructing and marketing an industrial site.
“Our team is always looking for innovative ways to position 亨利县 as a leader in the advanced manufacturing sector,” said Jim Adams, Chairman of the 亨利县 Board of Supervisors. “We are confident that this new shell building will be a valuable asset to our community, and we are grateful for the partnership with 联合化疗.”
The last time a shell building was constructed in 亨利县 was 2014. Construction of that facility cost approximately $3.200万年.
“The cost of construction has increased significantly since 2014,” said James McClain, Board Chair of the Martinsville-亨利县 Economic Development Corporation (EDC). “However, shell buildings remain an essential part of our economic development strategy. They provide turnkey options for businesses, allowing them to cut costs, save valuable time, and streamline their production process. This partnership with 联合化疗 will allow us to once again offer that option to prospective businesses.”
Lot 2 of the Patriot Centre is a 32-acre site with a 25.8-acre graded pad. The site can support future expansion of the shell building to over 400,000 square feet.
“This is a win-win for our community,” said County Administrator Dale Wagoner. “We will be able to leverage 联合化疗’s expertise in marketing speculative buildings and construction administration, while 联合化疗 will be able to expand their footprint into 维吉尼亚州.”
联合化疗, a subsidiary of MPD Electric Cooperative, is a South Carolina-based real estate developer focused on single tenant build-to-suits, value-add acquisitions, and strategic investments throughout the United 状态s.
“Given our extensive and highly successful deployment of our speculative building program in other states, we are excited to extend this initiative into the Commonwealth of 维吉尼亚州,” said William Fleming, President and CEO of Marlboro Development Team, 公司. “Martinsville, 亨利县, 维吉尼亚州, has proven to embody the precise characteristics of a community we seek to establish relationships with, fostering the pursuit of advanced manufacturing through the development of market ready buildings.”
The construction of the new shell building is expected to begin in 2024 and be completed in 2025. For more information on 联合化疗, please visit www.marlborodevelopmentteam.com.