Blue Ridge Commerce Center, an $80 million industrial park planned in Flat Rock, will break ground this week.
The official ceremony will take place at 11:30 am on Thursday, Oct. 6 at 337 McMurray Road.
The project includes four buildings and 654,216 square feet of Class A industrial/warehouse development on 65 acres, according to a news release from Oppidan Investment Company, the Minneapolis-based developer of the project.
Construction is expected to be completed in late summer of 2023.
NAI Beverly-Hanks closed on a 65.31-acre tract of land in Flat Rock with prime frontage on Interstate 26 on June 17. The land sold for over $8.7 million and was originally priced at $9.3 million.
“We are excited to bring Henderson County and the (city) of Hendersonville a Class A Industrial Park. This property was prime for development and the demand drivers of the area, with its continued population growth, labor and connectivity, made it an easy decision for us to invest here,” said Tim Brent, Oppidan Executive Vice President, Southeast. “We’ve designed very flexible buildings to be able to accommodate a wide variety of users and tenant sizes and we’re excited to bring that variety of industry, jobs and tax base to the city and county.”
Henderson County Partnership for Economic Development assisted with development studies for this property, which was also part of the Duke Energy Site Readiness Program
“Based on its current zoning, the highest and best use (for this property) is industrial,” said Brittany Brady, President of the Henderson County Partnership for Economic Development said in June. “Manufacturing types (of businesses) have a much higher wage scale, and we look forward to seeing good jobs and strong investment come from this.”
According to Oppidan, local officials expected at Thursday’s groundbreaking include Steve Gwaltney, HCPED Board Chair; Rebecca McCall, Vice Chair of the Henderson County Board of Commissioners; and Hendersonville Mayor Barbara Volk.
This is Oppidan’s second industrial development in North Carolina. In May, Oppidan broke ground on the $100 million Apex Commerce Center, a four-building Class A industrial development on 121-acres which is part of Oppidan’s $157.3M, nine-property industrial pipeline with Rockpoint Group, a real estate private equity firm.
Rockpoint Group serves as the equity partner. Omega Construction, Cooper Construction and Merriman Schmitt Architects are also included in the project, according to the release. Al Williams, Matthew Greer and Jay Hill from JLL served as the brokers.
For more information on Oppidan, visit Oppidan.com