Nance Companies and MPV Properties (MPV) say that they have broken ground on Berkshire Business Centers #20, a new speculative office/warehouse building at Pineville Distribution Park.
The firms are co-developing the 67,000 sq. ft. building, with construction scheduled to be finished in the spring of 2020. The developers have the option to build an additional 40,000 sq. ft. on another site within the industrial park.
Once work on roads and infrastructure concluded this past summer, Pineville Distribution Park saw its first bulk distribution building open in October for Campbell Snacks, a division of Campbell Soup Company, and a Beacon Partners development. Upon completion, the park will have over 700,000 sq. ft. of Class A warehouse and distribution space on approximately 58 acres of land.
“The vast majority of industrial land in Mecklenburg County has been developed, and we feel there isn’t much new product under 100,000 sq. ft. coming onto the market,” Bailey Patrick of MPV said in a statement. “We think now is the right time to develop a spec building. It obviously helps that a company like Campbell Snacks is willing to occupy a new building in this location,” . This is the second building developed by the Nance/MPV partnership, the first of which, located in Mint Hill, NC, was fully leased before building completion this fall.”