North Carolina Construction News staff writer
National real estate developer Jackson-Shaw has broken ground on a 1.3 million sq. ft. Industrial park in the Charlotte area.
The developer said in an April 25 statement that Landis Ridge will occupy 146.6 acres in Landis.
“At full build-out, the park will total 1.3 million sq. ft.,” the statement says. “The master-planned project will be built in two phases, with the first phase expected to deliver in the second quarter of 2025.
Frampton Construction is the general contractor, with Merriman Schmitt Architects and Osborn Engineering providing architectural and civil engineering services. Compatriot Capital is the equity partner and Hartford Investment Management Company (HIMCO) provided the financing.
The project marks Jackson-Shaw’s first development in the market.
“Breaking ground on Landis Ridge is not just about construction; it’s about forging a connection with the Charlotte area, showcasing Jackson-Shaw’s commitment to quality and innovation,” Jackson-Shaw president and CEO Michele Wheeler said in the news release.
“This venture marks our first project in this dynamic market and we’re excited about being part of the community by bringing jobs and increased tax base with the development of Landis Ridge.”
Phase I of the development will consist of three speculative buildings totaling nearly 600,000 sq. ft., representing a significant percentage of expected industrial starts in the Charlotte market for 2024. Building sizes will range from 121,800 to 269,700 sq. ft., and each building is designed to accommodate a single or multiple tenants.
“There continues to be strong demand for high-quality, well-designed, and well-located industrial buildings of this size in the Charlotte market, particularly those with access to strong labor pools,” said Ryan Beadle, Jackson-Shaw Development Director – Carolinas. “We are thrilled to develop what is sure to be a major economic hub for the area, and I would like to thank the Town of Landis for their vision and support to make it a reality.”