Latest News

  • Market Watch

    Mar 29 2018

    2nd Quarter 2018 Hotline Market Watch by Joe A. Hollingsworth, Jr. As it pertains to construction as an industry, for thousands of years, we have basically performed construction with materials that are largely from the earth such as clay, wood, iron ore, limestone, crude oil based materials, etc. Now, things are on the cusp of changing and changing very rapidly, and these will substantially affect industrial real estate. Composite materials are now becoming very common such as carbon fiber, plastics, and lab-produced finishes. Federal and state regulations have become so onerous and costly in the removal and processing of earth materials that it has forced many manufacturers to go to a more predictable and less costly methods to control outcomes by minimizing the use of earth materials. An elementary example is that we are now beginning to use concrete spoils or old concrete previously removed to crush it in lieu of gravel (that is often monopoly pricecontrolled), thus cutting the cost by half. However, a new concrete is now being developed with a bacteria in it that can last 200 years, and that bacteria can actually heal itself in case of a structural crack. Does it sound far-fetched? It’s already been proven and being tested!  Additionally, concrete as it is presently formulated is estimated to produce 4% of all greenhouse gases (GHG omissions), but this new bacteria concrete actually becomes a consumer of said gases. Another dramatic advance in construction would be utilizing the advances in carbon nanotubes that directly affect the strength to weight ratio of structural materials, thus allowing for tremendous increases in flexibility and strength per pound. This would dramatically decrease the cost of construction once these materials are commercially produced (Image bar joists at roughly half the size). Artificial intelligence and robot builders are already being coupled together in laboratory test and trials - much as robotic surgery has been used in hospitals. Imagine the advances in precision and predictable outcomes with up to three times the production per man hour and how that will affect construction timelines and better use the existing labor pool! As it applies to real estate developers and builders, we have been virtually stagnant in construction processes for years. These radical changes are about to disrupt everything we have known in construction practices, similar to how the smartphones with all their applications did to replace the old flip phones.  

  • Press Releases

    Apr 2 2018

    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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