In 2017, under the leadership of Terry Bralley, President of the Davie Economic Development Commission; the Town of Mocksville and the State of North Carolina approved a grant to extend Quality Drive. The road extension, coupled with the purchase of additional acreage by The Hollingsworth Companies, opened up an expansion for Phase III in the SouthPoint Business Park in Mocksville, NC. The construction of the last two buildings in the Phase III expansion began in March of 2023.
A total of 85 acres in Phase III has been developed into 4 building sites totaling 641,000SF of industrial space. The buildings the size of 108,960SF and 252,834SF have been completed and are currently occupied by Scott Bader and Palltronics, respectively. Buildings sized at 130,492SF and 152,241SF are currently under development as speculatively complete facilities. Building construction features include LED lighting, 32 ft minimum clear height, 60’x60’ column spacing, and ESFR fire suppression system for the ideal combination of flexibility and value. Both facilities will be completed in Q4 of 2023 and are available for long term lease.
With the completion of the Phase III expansion, the SouthPoint Mocksville industrial park will become one of the most successful semi-rural industrial parks in the Southeastern United States. The park will include nearly 1,400,000SF of industrial space supporting 12 light-manufacturing and distribution companies. The Hollingsworth Companies sees this central location, support from state and local economic development agencies, and favorable business taxes, as key to the long-term success of SouthPoint Business Park, North Carolina.
Since its inception, The Hollingsworth Companies has developed 5 business parks. The first being located in Clinton, Tennessee. As the park neared capacity, Mr. Hollingsworth realized the need for additional industrial parks to expand his business. There are several criteria that have to be met, but the most important are being a location in the Southeast, close proximity to major freeways, right to work states, and strong economic development agencies.
Locations that fit these criteria include Mocksville, North Carolina; Prince George County, Virginia; Tanner, Alabama; and Loudon, Tennessee. The SouthPoint Business Park located in Mocksville is 2 miles from I-40 in the Piedmont Triad region of North Carolina. The park in Prince George is located along I-295 and I-95 in the South Richmond region of Virginia and the park in Tanner is located along I-65 in Huntsville MSA. The newest Hollingsworth location, Huntington Business Park in Loudon, TN is located in the Knoxville MSA. If your company is looking to expand, we have speculatively complete and build to suit options available throughout the Southeastern United States.
The Hollingsworth Companies welcome Worldwide Retail Solutions, Inc. to Prince George County, VA. WWRS has leased a new 194,880 SF industrial facility in SouthPoint Business Park. They specialize in the design, manufacture, and installation of merchandise solutions for leading companies in the retail market. While offering both traditional merchandise fixtures, custom merchandise fixtures, displays, shelving, racks, tables, and POP displays. Their expertise is in highly customized solutions for their customers.
One of WWRS most recent projects is supporting “House of Sport”, a new concept for Dick’s Sporting Goods. This project is focused on multi-sport experiences, more engagement with the community, and a higher level of customer service. The store elements include a 15,000+ SF turf field and track, a 32-foot rock-climbing wall, a golf pro shop that includes simulator-equipped golf hitting bays, a putting green, a batting cage, and equipment services like baseball glove steaming, racquet stringing, tune-ups, and more.
The SouthPoint Business Park, Prince George, VA was the first industrial park started outside of The Hollingsworth Companies home state of Tennessee. The Prince George, VA park was founded in 1997 as a purely speculative endeavor with all financial risk borne by The Hollingsworth Companies. When developed, the surrounding community had no other industrial industry, and the tax base of the area was completely dependent on agriculture. Over a 25-year partnership with Prince George, SouthPoint Business Park has been the catalyst of a significant industrial expansion that includes twelve industrial buildings resulting in 2,100,000 SF of industrial space and over 1,000 well paying jobs in the community.
The Hollingsworth Companies strive to be a good steward in the communities they serve, and unlike traditional developers, maintain a long-term investment in the area. Recognized by the National Associations of Counties for the “Best Semi-Rural Economic Development Public-Private Partnership in the Nation” and by Southern Business and Development Magazine as “the largest industrial developer and investor in the Southeast outside of metro areas” The Hollingsworth Companies is proud to be a leader in each community they invest in.
The Hollingsworth Companies focuses on light manufacturing, distribution, and warehouse projects throughout the Southeastern United States. Their primary market is the development of single tenant, industrial facilities in tertiary markets. Facility size range from 100,000 SF to 650,000 SF and include 30’-40’ clear height, 60’ x 60’ column spacing, ESFR fire protection, and LED lighting as standard features.
The Hollingsworth Companies has started the development of modern industrial facilities that will total over 1,000,000 SF in Loudon, TN. The park is located just one mile from I-75 and less than 15 miles from I-40 in the Knoxville, MSA.
Loudon County, TN is home to some of the largest and most respected manufacturing brands in the world. This business-friendly community is located adjacent to major urban areas and is situated less than 35 miles from downtown Knoxville and a three-hour drive from Nashville, TN and Atlanta, GA. The community is also situated near five universities/colleges that include The University of Tennessee-Knoxville and the Tennessee Tech University. Tennessee is a right to work state with no personal income taxes on wages and the lowest state tax debt per capita in the country.
The location of this industrial park is just a few miles to the Tennessee River, Tennessee National Golf Course, and the Great Smoky Mountains National Park. This provides opportunities for: world class golfing, whitewater rafting, fishing, and hiking. This combination of a strong industrial labor force, quality of life amenities, proximity to major freeways, and low taxes make Huntington Park one of the most competitive locations to locate or expand an industrial operation in the Southeastern United States.
Huntington Park in Loudon was created to accommodate industrial projects from 130,000 SF to 500,000 SF. Construction has already started on two speculatively complete facilities of 130,424 SF and 195,360 SF. The facilities are being developed as single tenant, with a 32’ clear height, 60’ x 60’ column spacing, ESFR fire protection, and LED lighting as standard features. Both facilities will be completed Q1 2023 and are available for long-term lease.
The Hollingsworth Companies has also started construction on a 200,000 SF build-to-suit project in the park. The built-to-suit project required an accelerated construction schedule. Working closely with Varco Pruden on the steel building package, The Hollingsworth Companies was able to accelerate the total development schedule by six months, a challenging task in the current market with inconsistent supply chain deliveries.
The Hollingsworth Companies developed its first business park in Clinton, Tennessee. As the park neared capacity, Mr. Hollingsworth realized he needed additional sites to facilitate the growth of his business and chose to expand industrial projects throughout the Southeast. There were several criteria that had to be met, but the most important included close proximity to major freeways, tertiary markets with a strong workforce, and strong economic development agencies located in right to work states. The Huntington Park location is the newest in a long history of projects totaling over 20 million square feet of industrial space across 18 states. The Hollingsworth Companies is the largest developer of industrial space in tertiary markets in the Southeastern United States.
The Hollingsworth Companies continues to see strong demand for industrial facilities throughout the Southeastern United States. Two recent leases include TH-Marine Supplies, LLC, (108,480 SF facility in SouthPoint Business Park, Huntsville, Alabama) and SL America (126,824 SF facility in David Jones Industrial Park, Andersonville, Tennessee).
T-H Marine Supplies, LLC, started as a family-owned and operated business, has been serving the marine industry since 1975. Recently acquired by OneWater Marine, Inc., the corporation is a leading manufacturer of boat parts and accessories. Well known products from their line include high performance items such as the original HOT FOOT throttle, ATLAS hydraulic jack plates, Z-LOCK manual jack plates, and HI-JACKER manual jack plates.
T-H Marine is the producer of thousands of products including outboard motor mounts, outboard tilt and trim, access hatches, deck plates, lid locks, deck hardware, livewell aeration, plumbing fittings, battery trays, fishing rod holders, boat lights, rigging accessories, trolling motor accessories, just to name a few. TH-Marine boat products are found on or in nearly every recreational boat built in the United States.
Samlip Automobile Co., Ltd (SL) established operations in Korea in 1954. SL has experienced continuous growth over the last 68 years and now has over 20 operations in 6 countries to provide lighting, chassis systems, front end modules, mirror systems, and advanced driver assist systems to the automotive market.
SL America completed their first U.S. manufacturing facility in 2001 in Tennessee. They have continued to grow in the U.S. and have expanded to 3 manufacturing facilities in Anderson County, TN. The 4th Tennessee location, based in David Jones Industrial Park, makes SL America one of the largest employers in Anderson County and one of the largest automotive manufacturers in East Tennessee.
The Hollingsworth Companies’ primary market is the development of single tenant, industrial facilities in tertiary markets. Facility size ranges from 100,000 SF to 650,000 SF and include 30’-40’ clear height, 60’ x 60’ column spacing, ESFR fire protection, and LED lighting as standard features.
The Hollingsworth Companies’ holdings also include quality, renovated industrial facilities, and sale-leaseback facilities. The Hollingsworth Companies focuses on light manufacturing, distribution, and warehouse projects throughout the Southeastern United States. With over 125 tenants across 18 million square feet of industrial space, The Hollingsworth Companies is the largest developer of industrial space in tertiary markets in the Southeast.
The Hollingsworth Companies has completed their first concrete tilt-wall building located in a SouthPoint Business Park. While the company has completed concrete tilt-wall facilities as build-to-suit projects, this is the first virtually complete facility that was built on spec. The Hollingsworth Companies is well known for their steel and masonry facilities, typically with a 32’ clear height. This newly constructed tilt-wall facility has many of the same design features of the steel and masonry building to include 60’ x 60’ column spacing, ESFR fire suppression system, and 6”- 4000 psi Helix micro-rebar reinforced concrete floor. However, this facility is more suited for a higher volume distribution project with a 40’ clear height, 50+ dock doors, and 50+ trailer storage drops.
Polaris Inc. leased the new construction tilt-wall facility located in Huntsville, AL. The SouthPoint Business Park in Huntsville is located just 6 miles from the 920,000 SF Polaris manufacturing facility opened in 2016. The Huntsville facility produces the Ranger, RZR off-road vehicles, and the Polaris Slingshot with processes including vehicle assembly, metal fabrication, welding, chassis and body painting, and injection molding.
A similar designed building is being constructed in SouthPoint Business Park, Prince George, VA. This tilt wall facility, scheduled to be completed Q2, 2022, includes 142 dock doors, 177 trailer drops, and 80 – 40,000# hydraulic pit style levers. This 650,000 SF facility is available for lease and can be expanded to 941,850 SF, and additional trailer drops and parking can be added based on customer requirements.
The SouthPoint Industrial Park, Alabama is located adjacent to both the I-65 and 1-565. This location provides excellent access to markets from Nashville TN and Louisville KY to the north and Birmingham and Montgomery AL to the south. Newly constructed facilities in the park include a 108,486 SF and 173,888 SF, 32’ clear height, steel, and masonry buildings – both available for lease.
The Hollingsworth Companies’ holdings also include quality, renovated, industrial facilities, and sale-leaseback facilities. The Hollingsworth Companies focuses on light manufacturing, distribution, and warehouse projects throughout the Southeastern United States. With over 125 tenants across 18 million square feet of industrial space,
The Hollingsworth Companies is the largest developer of industrial space in tertiary markets in the Southeastern United States.
Palltronics is setting up their first manufacturing facility in a newly completed 253,052 SF facility in SouthPoint Business Park, Mocksville, North Carolina. The maker of the world’s first fully trackable shipping pallet has already sold out the first three years of production. In addition to manufacturing, the facility will also include an innovation center, which will be tasked with continuously improving the pallet’s materials and technology.
The Palltronics shipping pallet is embedded with electronics that offer track and trace capabilities. Using GPS technology, each pallet can be traced in “real-time”. The system also includes temperature and humidity sensors and an accelerometer that helps clients ensure perishable products arrive at their destination at peak quality. The accelerometer indicates any unusual shock or vibration that a shipment may experience while in transit.
The hybrid pallets are manufactured from a wood substrate coated with a proprietary formulation that includes an antimicrobial/antifungal agent, making them lightweight, cleaner & virtually indestructible. Unlike typical wooden pallets that last 2 to 3 years, testing simulations indicate that Palltronics pallets will last 10 years.
The pallets are designed for high-velocity distribution channels such as protein, produce, and pharmaceuticals. In those industries, companies do not buy their pallets, they rent them from a shared pool. Pallets are leased for as long as needed and then picked up, inspected, and delivered to the next customer. A pallet could hold candy or packaged food one month and perishable food or delicate electronics the next.
In other Hollingsworth company news, six new speculatively complete facilities will be completed in 2022. The first facility to be completed will be a 108,480 SF single tenant building located in Huntsville, AL. This will be the 12th industrial facility in this park. The SouthPoint Business Park, Huntsville, Alabama is located adjacent to both I-65 and I-565.
A second facility to be completed in 2022 will be located in David Jones Industrial Park, Andersonville, TN. This industrial facility will be 126,824 SF and is a mirror image to the building next door leased to Hemasource. David Jones Industrial Park is located just east of I-75 in Anderson County, TN. Two additional facilities in North Carolina and Tennessee will be completed in Q4 2022.
A 194,880 SF complete speculative building is available in SouthPoint Business Park, Prince George, VA; and a 650,250 SF facility in the same park is scheduled to be complete in Q1 2022. Both facilities are available for lease by long term tenants in the light manufacturing or distribution markets.
The industrial market continues to expand in the Southeastern United States, and The Hollingsworth Companies is well suited to support this expansion with speculatively complete facilities available in Alabama, North Carolina, Tennessee, and Virginia.
The strong industrial market continues to bring new tenants to the SouthPoint Business Parks. Polaris has started moving into a new 404,738 SF facility in SouthPoint Huntsville, AL; Scott Bader will be moving into a 108,960 SF in SouthPoint Mocksville, NC; and, a “confidential project” will be moving into a 253,052 SF facility in SouthPoint Mocksville, NC.
Scott Bader, our newest tenant in SouthPoint Mocksville, NC has a rare corporate structure for a manufacturing company. Originally founded in 1921, the company was changed to a common trusteeship in 1951. Their shares are held in trust by the Scott Bader Commonwealth Limited, a company limited by guaranty and a registered charity. Having no external shareholders, they cannot be acquired so they are more focused on long term company goals than a typical publicly traded company. Due to their unique ownership, they focus on a balance between social purpose and business needs and are committed to supporting their people, society, and the environment. Since employees are owners in the company, they have been excellent stewards in the communities where they operate.
Scott Bader is a leader in the manufacturing of products for composites, advanced composites, adhesives and functional polymer markets, offering a full range of technologies and manufacturing capabilities for many market sectors. They remain committed to providing quality and innovation through an ongoing investment in R&D. They balance their business needs with a scorecard with a specific element on society. They are continually challenging themselves that all business lines they are in really adds value to society, and the Commonwealth Board is actively developing ways to engage more colleagues in charitable actions.
As a result of this strong market, we have started two new speculatively complete facilities to be completed in Q2 2022. The first facility will be a 108,480 SF single tenant building located in SouthPoint, AL. This will be the 12th industrial facility in this park. The SouthPoint Business Park, Huntsville, AL is located adjacent to both I-65 and I-565.
The second facility will be located in David Jones Industrial Park, Andersonville, TN. This industrial facility will be 126,824 SF and is a mirror image to the building next door leased to Hemasource. David Jones Industrial Park is located just east of I-75 in Anderson County, TN.
A 194,880 SF complete speculative building was completed this quarter in SouthPoint, Prince George, VA and a 650,250 SF facility in the same park is on schedule to be completed before the end of Q4 2021. Both facilities are available for lease by long-term tenants in the light manufacturing or distribution markets.
The industrial market continues to expand in the Southeastern United States, and The Hollingsworth Companies is well suited to support this expansion with speculatively complete facilities available for immediate occupancy in Alabama, North Carolina, Tennessee, and Virginia.
The rapid, post Covid expansion of the industrial market has brought two new partners to The Hollingsworth Companies industrial facilities.
Wilson Lumber, a Huntsville based company, will be expanding their footprint with a 108,960 SF door fabrication and assembly facility in the SouthPoint Business Park, Huntsville, Alabama. As a third-generation company with 70 years of service to the Huntsville MSA, the Wilson Lumber company is in a unique position to serve the rapidly expanding residential and multi-family market. The company currently operates facilities that include a lumber plant, multiple truss plants, and a window factory. Wilsons’s business strategy is focused on service to their customers, their employees, and the community. This strategy has led to a history of long-term company growth, multi-generation employees, and continuously giving back to the community. This new facility will give Wilson Lumber the opportunity to continue their growth in Huntsville. And, when they fill the first 109,080 SF, the building can be expanded to a total of 206,220 SF on the same site.
Our second new partner this quarter is BHS Corrugated Worldwide. Nearly every manufacturing and distribution company requires a constant source of packaging materials to store, ship, and protect their product. But, who supplies the equipment to those manufactures of corrugated board located in nearly every county in the world? If you are in the market for the highest quality and most technically advanced corrugated equipment, then BHS Corrugated Worldwide is your equipment of choice. From their humble start in Vienna in 1717, BHS has been in manufacturing and fabrication for over 300 years. Their pivot into corrugators began in 1960. Little did they know in 1960 that this new product line would eventually make them the leading manufacturer of corrugators; with 2,500 employees, their equipment supplies 1/3 of the corrugated board in the world. As a result of these two new leases, we have started two new speculatively complete facilities to be completed in Q2 2022. The first facility will be a 108,480 SF single tenant building located in SouthPoint, AL. This will be the 12th industrial facility in this park. The SouthPoint Business Park, Huntsville, Alabama is located adjacent to both I-65 and I-565.
The second facility will be located in David Jones Industrial Park, Andersonville, Tennessee. This industrial facility will be 126,824 SF and is a mirror image to the building next door leased to Hemasource. David Jones Industrial Park is located just east of I-75 in Anderson County, Tennessee.
The industrial market continues to expand in the southeastern United States and The Hollingsworth Companies is well suited to support this expansion with speculatively complete facilities available for immediate occupancy in Alabama, North Carolina, Tennessee, and Virginia.
Polaris Inc., founded in 1954, is an American manufacture of motorcycles, snowmobiles, ATV, and neighborhood electric vehicles. Polaris was founded in Roseau, Minnesota, where it still has engineering and manufacturing. In 2015, Polaris announced it would be opening a new facility in Huntsville, Alabama. Their 920,000 SF manufacturing facility opened the spring of 2016 and employs 1,700 workers. The Huntsville facility produces the Ranger, RZR off-road vehicles and the Polaris Slingshot with processes including vehicle assembly, metal fabrication, welding, chassis and body painting, and injection molding.
As Polaris has continued to grow in Huntsville, they looked for additional space for warehousing, distribution, and manufacturing support services. The Hollingsworth Companies, having begun construction on a 404,000 SF industrial facility, was a good solution to quickly support this growth. This new facility located in SouthPoint Business Park, Huntsville, Alabama is tilt wall construction, with a 40’ clear height, 60’ x 60’ column spacing, and 50 dock doors.
The SouthPoint Industrial Park, Alabama is located adjacent to both the I-65 and 1-565. This location provides excellent access to markets from Nashville, TN and Louisville, KY to the north and Birmingham and Montgomery, AL to the south. This corridor is highly favored by companies that serve the Southern Automotive market.
The Hollingsworth Companies’ primary market is the development of single tenant, industrial facilities in tertiary markets. These include speculative complete facilities in our 4 business parks as well as build-to-suit projects throughout the Southeast.
Facility size ranges from 100,000 SF to 650,000 SF and include 30’-40’ clear height, 60 x 60 column spacing, ESFR fire protection, and LED lighting as standard features. With an inhouse architect and seasoned project managers, build-to-suit facilities are completed faster than industry average at very competitive pricing due to our consistently high volume of construction.
The Hollingsworth Companies holdings also include quality, renovated, industrial facilities and sale lease back facilities. The Hollingsworth Companies focuses on light manufacturing, distribution, and warehouse projects throughout the Southeastern United States. With over 125 tenants across 18 million square feet of industrial space, The Hollingsworth Companies is the largest developer of industrial space in tertiary markets in the Southeastern United States.
Business success stories happen all over the world, and Mlily is no exception. Founded from humble beginnings, James Ni believed that foam created a superior sleep material. In order to maximize the material’s performance, he needed a better, more efficient way to cut foam. With a small loan from his family, he developed new machinery that allowed for precise cutting of foam and then later expanded that into the production of mattresses and pillows.
When James founded the company, sleep was perceived completely differently by the Chinese people. They were used to sleeping on hard, more cheaply made beds that provided zero support for their body. He entered the market with Memory Foam products at a time when people did not understand the benefits of a proper mattress or what a good night’s sleep meant to their daily performance. James had an uphill battle ahead of him in regard to cultural expectations and the development of an entire industry. The term ‘Redefining Sleep’ was born as he set out to change the culture and perception of sleep. James worked to educate the Chinese market and provide a product that changed their expectations of beds and just how they sleep.
Years later, Mlily is now the largest memory foam manufacturer in China and an A-List Stock on the Shanghai Stock Exchange. After developing the Chinese market, James set his goals on the global market and has taken the motto of Redefining Sleep worldwide to expand the foam mattress market throughout Asia, the US, and Europe.
With a science-based approach to product development, the Mlily team of designers and engineers has created a next generation of proprietary foams that fight odor, wicks away moisture, and offers cooler more supportive sleep.
The 115,300 SF industrial facility located in Andersonville, TN was developed by The Hollingsworth Companies in 1997. To cater to mid-size manufacturing and distribution companies, the facility was extensively renovated to include an interior vinyl liner, LED warehouse lighting, top coated and stripped parking lot, polished and sealed concrete floors, new paint, and flooring in the office and lunchroom.
The Hollingsworth Companies’ primary market is the development of single tenant, industrial facilities in tertiary markets. These include speculative complete facilities in our 4 business parks as well as build-to-suit projects throughout the Southeast. The company’s holdings also include quality, renovated industrial facilities, and sale lease back facilities. The Hollingsworth Companies focuses on light manufacturing, distribution, and warehouse projects throughout the Southeastern United States. With over 125 tenants across 18 million square feet of industrial space, the Hollingsworth Companies is the largest developer of industrial space in tertiary markets in the Southeastern United States.
Dansons was founded in Canada by Dan Thiessen and his two sons with the desire to turn the waste of sawmills into a reliable source of energy. Through widespread success in Canada, the US, and internationally, their company eventually went on to expand its product line from horse and animal bedding, to pellet fuel and pellet fuel appliances.
Today, Dansons is a global consumer goods corporation that is now based in the US and is proudly still family-owned and managed. They are the home of multiple award-winning, consumer brands to include Pit Boss, Louisiana Grills, and Country Smokers to name a few, producing more than 75 different grills in its portfolio.
Their largest product line, pellet grills, offer the flavor of wood smoke combined with the convenience of a barrel hopper. You have probably seen a pellet grill before; they resemble traditional barrel smokers with a box bolted to the side. That box, called a hopper, holds pencil-thin pellets of compressed hardwood sawdust. “We are excited to bring not only award-winning products but a strong family-based company culture into the Fayetteville community,” says Jordan Thiessen, Chief Operating Officer at Dansons. “We look forward to building a World Class Distribution and Call Center Team in Cumberland County.”
The Maidenform building located in Fayetteville, NC was purchased by The Hollingsworth Companies as a 1031 tax exchange. To cater to large and mid-size manufacturing and distribution companies, this 259,600 SF facility was extensively renovated to include LED warehouse lighting, top coated and stripped parking lot, new roof, polished and sealed concrete floors, new paint and flooring in the office and lunchroom.
The Hollingsworth Companies’ primary market is the development of new, single tenant, industrial facilities in tertiary markets. These include speculative complete facilities in our 4 business parks as well as build-to-suit projects throughout the Southeast. The company’s holdings also include quality, renovated industrial facilities and sale lease back facilities. The Hollingsworth Companies focuses on light manufacturing, distribution, and warehouse projects throughout the Southeastern United States. With over 125 tenants across 18 million square feet of industrial space, The Hollingsworth Companies is the largest developer of industrial space in tertiary markets in the Southeastern United States.
One of the best, most durable building materials has been around since the ancient Roman Empire. They used concrete for buildings and roads. It is hard to improve on a product that has withstood the test of time…for over two thousand years! The Hollingsworth Companies is never one to shy away from a challenge. We have been working to improve one of the most proven construction materials.
Concrete is made from materials custom mixed for each installation. There are three primary components: aggregates, water, and cement. When combined in the correct proportions, concrete is created that solidifies by a chemical reaction. As the chemical reaction proceeds, the mixture changes from a thick flowable liquid into a very hard and dense solid. The resulting solid is very strong at resisting compression. To make a building component that is strong in all categories, concrete is reinforced with steel. When properly combined, the two materials work hand-in-glove to provide ideal qualities for an industrial floor.
What is the best way to bring the strengths of these two materials together? Traditionally in a concrete industrial floor, steel mats are placed on the subgrade, lifted off the ground with blocks designed to keep it at the right level in the finished slab. In theory, this would be a great way to combine steel and concrete; and, it has been the industry standard for decades. The problem is when the real world meets the theoretical case. During the process of placing the heavy liquid concrete with finishers walking on the mats as the concrete is spread and leveled, the steel is frequently pushed out of position. It has been recognized as enough of a problem that many industrial developers have decided to skip the steel and just use an extra couple inches of concrete.
Eliminating the steel completely removes all the benefits of having the steel. At the Hollingsworth Companies, we have chosen to keep the steel and homogeneously mix it into the concrete. By using Helix brand micro-rebar added to the concrete mix, the steel is evenly distributed throughout the concrete and delivers the benefits of steel reinforcing in all directions. We tested the same concrete with and without the Helix micro-rebar, and it showed a significant increase in strength. The plain concrete tested at a 7-day compressive strength of 3,440 psi. With the Helix added the same test resulted in an increase in compressive strength to 4,271 psi. That is 24% increased strength.
With this innovative mini-rebar approach, we get consistent results that are repeatable from job to job. Steel is priced by the pound, so it cost the same whether it comes in mats or mini-rebar. The homogeneous mixed in variety also saves labor and at the same time ensures that the steel ends up where it needs to be. This innovation is now incorporated into every new Hollingsworth Companies industrial building.
SouthPoint Business Park in Alabama continues to attract quality companies with the sixth tenant moving into the park. The latest addition is Aldez, a leading Inventory management and distribution company focused on the automotive industry.
The core management team is comprised of automotive industry and military veterans with a substantial focus on service. Founded in 1998, the company provides support services to the automotive industry. so they can free up their resources to focus on their core manufacturing processes. As a result of its exceptional processes and customer support, the company has grown rapidly and expanded its services to additional automotive facilities. With 22 years of exceptional service, the company has received over 20 Performance and Supplier of the Year awards from their customers.
Aldez’s new operation in SouthPoint will start by providing MRO crib management and distribution center services for the MTMUS facility to begin operations in Huntsville, Alabama. Additional, capacity is allocated to provide future growth for Tier I and Tier II suppliers that will support this rapidly expanding operation.
“This new, state-of-the-art facility is a strategic move that will allow us to serve MTMUS manufacturing’s newest automotive facility in Huntsville, Limestone County, AL and enable further growth with their supplier base,” Aldez’s COO Mike Byrne stated. “We have had a fantastic experience with the Hollingsworth team starting up this new operation. From our first phone conversation in December, I could tell that Joe Hollingsworth has developed a company that Aldez wanted to do business with now and into the future.”
“We have started another facility in SouthPoint now that this existing building has been leased,” stated Joe Hollingsworth, CEO of The Hollingsworth Companies. “The Huntsville, Limestone County, Alabama market continues to expand. Our construction plans include two spec buildings, one at 173,888 SF (completed now) and another at 109,020 SF by October 2020.”
The SouthPoint Business Park, Alabama is located adjacent to both the I-65 and 1-565. This location provides excellent access to markets from Nashville, TN and Louisville, KY to the north and Birmingham and Montgomery, AL to the south. This corridor is highly favored by companies that serve the southern automotive market.
We are starting a new year and a new decade with the benefit of an economy continuing to break record numbers. GDP is growing; manufacturing companies continue to onshore; interest rates are at record lows; and, inflation has stayed in check. What a great environment for business! Well, there is one downside to this record growth, the availability of labor. Labor shortages are starting to hinder the ability of many companies to continue their expansion plans.
While major metros suffer from limited labor due to higher labor rates and employee job shopping, there are pockets of stable, well-priced labor available. One such location is Fayetteville, NC. Fayetteville has an enviable solution to low employment rates, in close proximity to the largest military installation in the US based on population. Fort Bragg, adjacent to Fayetteville, has 7,000 “proven” US Military service members exiting the military every year and returning to the workforce.
As an employer, who wouldn’t want a highly disciplined, highly trained, drug-free employee on their team? Though a portion of this invaluable and formerly untapped labor pool is returning to their hometowns, many of these dedicated young men and women are being retained in the local economy as detailed in the July 17, 2017 article ‘Fort Bragg to Open New Career Resource Center on Post’ from the Fayetteville Observer. In addition to the former service member, related spouses and working age young adults in the household drive this number even higher.
This program is in place to transition soldiers into the local workforce while partnering with local companies and organizations. So, while this extremely important component of the US economy called “labor” is becoming scarcer by the month, Fayetteville, North Carolina’s sixth largest city (of 550,000 CSA) and the state’s youngest Metro average age of 29.2 years should not just be shortlisted…it should be the strategy location for your long- term expansion plans.
The Hollingworth Companies has a 259,000 SF facility currently available in the Fayetteville market and commercial land for a quick turn, built-to-suit industrial facility starting at 100,000 SF. For additional information, contact Tom Mann at 865-457-3701.
Hemasource is the newest tenant in David Jones Industrial Park located in Andersonville, Tennessee. HemaSource is an innovative logistics solution partner that combines best-in-class data analytics and high quality medical product supply to specialty ambulatory clinics. Their mission is to drive customer operational efficiencies and related cost savings in high volume ambulatory care clinics. HemaSource’s patented data analytics software tool and their superior customer service have enabled them to become the preferred disposables provider to the plasma collection market.
Hemasource has leased a newly developed virtually complete facility. Hollingsworth had signed the first tenant, A&S Building Systems, with 13,100 SF of office space. Hemasource will lease the remaining 114.800 SF of this facility. The 127,900 SF class A steel building has the capacity to expand to 172,600 SF with 32’ clear height and 12 dock doors.
There are plans for another facility in David Jones now that this existing building has been completed. Joe Hollingsworth, CEO of The Hollingsworth Companies stated, “Based on the continued economic recovery and growth potential in Anderson County, Tennessee, The Hollingsworth Companies has prepared the building site and pre-approved plans for an additional building project at Dave Jones Industrial Park. The building is currently planned to be an identical footprint at 126,800 SF. It is a build-to-suit and could be customized to specific tenant specifications.”
“Anderson County continues to grow on many fronts.This new company will add to the continuing job growth we are experiencing,” said Rick Meredith, President of the Anderson County Chamber of Commerce. “The reason for this is simple. Anderson County is open for business, and my staff and I here at the Anderson County Chamber of Commerce work hard every day to grow our county. I also want to congratulate my partner in economic development, Tim Thompson, on his continued work with creating jobs and projects for our county. With all this said, it is a ‘Great Day in Anderson County!”
For information on the new building planning in David Jones Industrial Park or a build-to-suit facility in your community, please contact Tom Mann at 865-719-6884.
Service Center Metals, a homegrown Virginia company and one of the fastest-growing industrial assets in the Commonwealth, has been acquired.
Richmond businessman William H. Goodwin, Jr.’s Riverstone Group LLC bought majority ownership in Service Center Metals, an aluminum extruder and recycler, through its SCM Industries LLC investment entity for an undisclosed price.
Founded in 2002 by industry executives Scott Kelley, Randy Weis, and Chip Dollins, Service Center Metals opened its plant in SouthPoint Business Park in Prince George, Virginia in 2003 after receiving its first equity backing from The Hollingsworth Companies, the largest non-urban industrial real estate developer in the Southeastern United States.
“It was an absolute pleasure investing in and developing for Service Center Metals and supporting their efforts to become the world’s most efficient aluminum extruder. The Service Center Metals example highlights the capabilities of the Hollingsworth Companies to provide investment and real estate support for high growth companies”, said Joe Hollingsworth, CEO of Hollingsworth Companies.
What began as a start-up company fueled on a dream, grit and hard work in a 77,500 square foot facility, now stands the “world’s largest horizontal casting facility” in a vast 426,000 square feet after 4 expansions. SCM currently employees 247 people and has an annual revenue of $225 million.
Jeffrey Stoke, Deputy County Administrator, Prince George County stated, “Service Center Metals’ tremendous growth and expansion has contributed to our employment opportunities, tax base, and community pride.”
When asked about the future growth potential with Riverstone, Scott Kelley, president and CEO of Service Center Metals said they “will not be restrained by capital requirements and therefore, will have the opportunity to aggressively expand where Service Center Metals chooses to pursue it.”
On June 3rd, SCAPA Healthcare officially marked the opening of their newly constructed, medical device manufacturing and development facility developed by The Hollingsworth Companies in Knox County, TN. The project included an economic development incentive package from the State of Tennessee and Knox County, and the purchase of land from the Development Corporation of Knox County.
Construction for the facility began in February 2018. The 152,480 SF building included upfits of 18,000 SF of office space, a 13,100 SF clean room, 36,600 SF of production space, with the remaining SF planned for warehouse operations. The building was designed with future SCAPA growth in mind and can expand to a total of 250,000 SF.
The construction process faced two major challenges. 2018 was the 8th wettest year in Knox history with 18 straight days of rain during the first three weeks of construction. A 7-day work week and a double shift were added to pull the project back on schedule and meet an on-time delivery. The construction team should be commended for their efforts to meet the schedule commitment to SCAPA.
The second major challenge was the initiation of Project Remedy. After the building design was complete and construction began, SCAPA received a contract from a new customer that needed to be integrated into the facility. It required a great deal of flexibility by the SCAPA Project Management team and the Hollingsworth design and construction teams to implement a 18,000 SF production room into the partially-completed facility and bring the project in on schedule.
SCAPA HealthCare is a market leader in products for Advanced Wound Care, Consumer Wellness Products, and Medical Device Fixation. While they have a broad range of products, one of their most recognized contract products is the Breathe Right Nasal Strips. This new, larger facility will allow SCAPA to further expand its manufacturing and R&D capabilities.
The Hollingsworth Companies is well known for its predesigned build-to-suit facilities and quick-ship prototype building developed with A&S Building Systems. The combination of these capabilities provides for the building structure to be delivered to the site ready to begin erection in just six weeks from the receipt of a signed lease.
The Hollingsworth Companies has been in the industrial building business for over 30 years. Unlike most industrial developers, we maintain ownership of the buildings we build wherever possible. That has allowed us to grow our portfolio of industrial customers across the Southeast and Midwest. With that long run of success comes some interesting challenges. After a lease, an expansion, and half a dozen renewals covering 21 years of continuous leasing, what do you do with a building returned to you that very much looks like it is from the late 20th century?
The pre-engineered steel structure is as strong as the day it was built, and the factory finished siding still looks great. The Galvalume standing seam roofing has another 15 years of service life. But, walking inside is like walking back in time. The insulation is a bit dingy, and the old metal halide lighting fixtures buzz loudly as they emit a fraction of their original brightness. What to do?
We recently had built an indoor practice facility for our hometown Clinton High School where we were introduced to heavy duty sports impact grade liner systems. This upgrade was just the ticket to provide a clean, new, and extra durable finish throughout on the walls and ceiling. It covers the purlins and girts and gives a much cleaner and easier to maintain appearance. It also provides the opportunity to increase the insulation in the walls and roof at the same time.
We then swapped out the old metal halide lights with new compact form-factor LED high output light fixtures to brightly show off the fantastic new interior.
Now, we are ready for a couple more decades of warehousing with a hefty dose of new efficiencies. Give us a call, we would be happy to show off our old friend and his new make-over!
An Ohio based distribution company is the newest tenant in the SouthPoint Business Park located in Huntsville, Alabama. The 227,600 SF facility was being built as a virtually-complete speculative building that was completed in October. Due to the high demand for Class A industrial space, the building was leased in less than 60 days of completion.
SouthPoint Business Park, Alabama has seen rapid expansion since 2016. Five facilities have been leased in the last 30 months. To support this growth, a 108,960 SF facility has recently been completed and is available for lease. Development of a new 172,000 SF facility is underway and will be available in mid Q3, 2019.
The SouthPoint Business Park, Alabama is located adjacent to both the I-65 and I-565. This location provides excellent access to markets from Nashville, TN and Louisville, KY to the north and Birmingham and Montgomery, AL to the south. This corridor is highly favored by companies that serve the Southern Automotive market.
The Hollingsworth Companies has had a strong year with new facility construction and leases in Alabama, North Carolina, Tennessee, and Mississippi this year. The company has been very bullish with the strong economic outlook and already has plans underway for new facilities in Alabama, North Carolina, and Tennessee for 2019.
In addition to The Hollingsworth Companies’ portfolio of virtually-complete industrial buildings, the company has been active with build-to-suit projects in 2018. The Hollingsworth Companies has recently increased their construction staff to provide additional build-to-suit capacity for 2019. Build-to-suit projects are developed in similar building construction as their virtually-complete facilities but have the flexibility to be built across the Southeast.
Facility size ranges from 100,000 SF to 600,000 SF and include: 32’ clear height, 60’ x 60’ column spacing, ESFR fire protection, and LED lighting as standard features. With an inhouse architect and seasoned project managers, BTS facilities are completed faster than industry average at very competitive pricing due to our consistently high volume of construction.
Leasing programs are available for all build-to-suit projects. We also offer a full line of financial options in our build-to-suit program. These include lease, lease with a purchase option, or an immediate sale. All of these options can be customized to support your transition and startup cash flow needs. Leases can be fixed rate throughout or adjust on an annual basis to allow a lower initial lease rate.
The Hollingsworth Companies’ staff has over 100 years of combined experience in the design, construction, and development of industrial facilities. With a diverse base of construction, development, architecture, and site selection professionals on staff, The Hollingsworth Companies is the largest industrial builder for semi-rural locations in the Southeast. This expertise allows them to provide you value-added services from the earliest date of the project that will translate into cost savings and faster time to completion.
Everyone knows the game. Rock beats scissors, Paper covers rock. But in the real world wouldn’t you rather have a rock than a piece of paper? Well in the real world a piece of paper called a mortgage can take your “rock” of a house, so maybe there is some wisdom in the old game. The point of the story is that things that seem to be better and stronger are not always as they appear at first glance. A pre-engineered steel building is lighter and more flexible than a hard-walled tilt-up concrete building, but which one is better?
The Hollingsworth Companies have been building and investing in industrial buildings for 30 years and we still own the first industrial building we built. So, we have lived the life-cycle of an industrial building many times over. The first industrial building we built was a pre-engineered steel building with masonry at the bottom 8 feet for better impact resistance and we have been building them that way ever since. We frequently get customers asking us, “will you build us a tilt-up concrete building?” The perception is that a tilt-up concrete building is a superior, stronger, longer lasting building. We have often priced the tilt-up concrete alternative and it varies a little, based on the cost of concrete in a particular location, but the premium for the original construction cost runs from 15%-18%. And that is just on the initial cost. The maintenance for tilt-up concrete is much higher. A tilt-up concrete building is a painted structure. A painted structure that is 40 feet tall. It is an expensive proposition to repaint the entire exterior of a tilt-up building. Repainting is actually much more expensive than the original painting because of the additional preparation work required. For a 100,000 SF building the cost to repaint every 5-7 years will be close to $50,000. A pre-engineered steel building has factory painted siding that lasts 25 years without the need for painting. Pre-engineered steel buildings are also easier to insulate to whatever level you desire, potentially saving thousands of dollars every year, for the life of the building.
But even more important over the life of an industrial building is flexibility. Tenants and processes tend to change over the life of an industrial building. Adding an intake or exhaust louver in steel siding is a very simple process and so it is easy to adapt the steel building to the changing needs of the tenant. Tilt-up concrete is a very different proposition. New openings in tilt-up panels are limited by the size and reinforcing pattern of the concrete. Additional steel framing is usually required to stabilize the cut panels. And if 5 or 10 years down the road, the opening in the panel is no longer needed, it is virtually impossible to invisibly patch the opening. With steel buildings, a new piece of siding factory painted the same as the original is readily available to restore the building to like-new condition.
The bottom line is pre-engineered buildings cost less up front, cost less to maintain and are more flexible over their useful life. That is why we stick with pre-engineered steel for our long term industrial real estate investments.
The Hollingsworth Companies invest millions of dollars in getting prepared to meet the high-speed demands of our industrial clients. We have researched ideal geographies with great interstate highway access and bought hundreds of acres of land, installed infrastructure, designed and permitted buildings and even pre-graded the sites to bring them to a “foundation-ready” state. We also have a commitment from A&S Building systems to deliver our quick-ship stock size industrial buildings in just six weeks-months faster than anyone else.
Once a project is approved, with a pre-graded site, the very first thing to do is install foundations. Normally that would require steel re-bar shop drawings, review and approval, then fabrication, delivery and tying before foundations can actually start going in the ground. The re-bar procurement can take 3 weeks in the best circumstances, but in today’s heated construction market, that wait can stretch to 6 or even 8 weeks.
With all our investment in speed, we had to find a way to be able to start construction as soon as the client is ready to move forward. This is when we discovered Helix Steel twisted wire micro reinforcing admixture. This in-stock off the shelf product is added to the concrete at the jobsite in proper dosages to totally replace the structural rebar. This totally eliminates the rebar procurement and rebar tying timeframes saving a month or more in critical timeline projects. It also totally removes the problems of misplaced or displaced reinforcing during concrete placement. This is a common problem in concrete construction that is well recognized and totally solved with this innovative new product. This product would be worth a premium for the time savings alone, but it also reduces field labor significantly. In reality, the product is not more expensive than traditional rebar on a price per pound basis.
Any product that saves time and money while at the same time improving quality is a hands-down winner. This innovation has now enabled the Hollingsworth Companies to be more productive and to deliver customized Build-to-Suit industrial facilities faster than ever. When your company is ready to grow, Hollingsworth is ready to go with Foundation-Ready sites that can be customized to your exact needs. Contact our in-house industrial architect, Tom Wortham, at 865-457-3701, to discuss your industrial Build-to-Suit needs today.
When The Hollingsworth Companies built the SouthPoint Business Park Huntsville, Alabama in 1999, little did they know that BOCAR would locate across the street; and, this would be the closest industrial park to a future Toyota Mazda plant. In November 2017, BOCAR announced a new plant on Bibb Garrett Road. In January, Toyota Mazda announced they will invest $1.6 billion to build a 300,000 SF vehicle assembly plant near Huntsville in Limestone County, Alabama.
Tommy Battle, the current mayor of Huntsville, was a key player on the team to land the Toyota Mazda project. He has provided strong leadership for job creation and the rapid growth of the Huntsville metro area. “We have a great deal to celebrate. In the past five years, our team has created 15,000 new jobs and over $2 billion in capital investment and we are not done yet,” stated Battle. On April 27, 2017, Battle announced that he would run in the 2018 gubernatorial election in the state of Alabama, running as a Republican. Battle is quoted as saying, “We’re not just in a battle for Alabama’s values. We’re in a battle for Alabama’s future. I’m running for governor, because I’m ready to lead that fight.” If elected, Battle would be the first mayor elected governor in the state’s history.
SouthPoint Business Park, just one highway ramp away from the new plant, is in good company with a recently opened Polaris plant, a recent GE aviation facility, and a Target distribution center. The SouthPoint Business Park at 40% of its capacity includes distribution companies, automotive suppliers, and defense contractors. With the improved economy and the announcement from Toyota Mazda, it is anticipated that the remaining lots in the park will fill up very quickly. The current plans for the park include the construction of 7 facilities from 108,960 SF to 327,600 SF on lots sized from 11.12 acres to 26.42 acres.
The new Toyota Mazda automotive site, off Powell Road and Greenbrier Road, was passed over by Volkswagen in 2008 in favor of Chattanooga. Since then, it has been certified as a TVA Mega site and an Advantage Alabama site by the Economic Development Partnership of Alabama.
It also didn’t hurt that Toyota Motor Corp. President Akio Toyoda already had warm, nostalgic feelings about Alabama. While making the plant announcement last week here in the state capital, he recalled that he stayed in Alabama as a Boy Scout on his first extended trip away from home.
The partners worked out the plan for the new plant — from proposal to completed deal — in just five months, according to Alabama officials who delivered an acceptable factory location in that short time. “Very seldom can a project of this size be put together as fast as this one,” said Tommy Battle, Huntsville’s mayor, who helped put it together.
The SouthPoint Business Park Huntsville, Alabama is located adjacent to both the I-65 and 1-565. This location provides excellent access to markets from Nashville, TN and Louisville, KY to the north and Birmingham and Montgomery, AL to the south. This corridor is highly favored by companies that serve the southern automotive market. The Huntsville area is also well suited for companies that support the Army Procurement Command, Redstone Arsenal, and NASA’s Marshall Space Flight Center.
7,000 every year…remember that number! If you are one of the many companies looking to expand or relocate and you cannot align all of the industry factor stars, most importantly the labor pool star, then Fayetteville could be your Universe. Why does Fayetteville currently have the highest “Metro” unemployment rate in North Carolina (of 5.1%), with Raleigh at 3.6% (11/17) and Charlotte at 3.5% (11/17)? It’s certainly not because the labor pool is underqualified or uneducated; it’s because 7,000, yes 7,000 “proven” US Military service members are exiting the military in Fayetteville every year and returning to the workforce. As an employer, who wouldn’t want a highly disciplined, highly trained, drug-free former service member on their team? Though a portion of this invaluable and formerly untapped labor pool is returning to their hometowns, many of these dedicated young men and women are being retained in the local economy as detailed in the July 17, 2017 article ‘Fort Bragg to Open New Career Resource Center on Post’ from the Fayetteville Observer . This program has been in place since 2016 to transition soldiers into the local workforce, while partnering with companies and organizations. So, while this extremely important component of the US economy called “labor” is becoming scarcer by the month, Fayetteville, North Carolina’s sixth largest city (of 550,000 CSA) and the state’s youngest Metro average age of 29.2 years should not just be shortlisted…it should be strongly considered.
“Between the 7,000 soldiers completing service at Ft Bragg each year, their trailing spouses, and our local residents, Fayetteville offers a talented, diverse, and young workforce. Our existing employers experience lower than average turnover rates, as well as lower labor costs and a larger available talent pool than any metro we’ve compared ourselves to in the Southeastern US.” Robert Van Geons / President & CEO/ Fayetteville Cumberland Economic Development Corporation
After almost 10 years of a down market, there looks to be a light at the end of the industrial real estate tunnel. Since the beginning of the year, the market is once again picking up momentum. To meet this demand, The Hollingsworth Companies are adding 4 Complete Speculative Buildings throughout the Southeast.
David Jones Industrial Park in Andersonville TN received the first spec building at 114,000 SF of available space. The facility is located 20 minutes north of Knoxville along I-75. This area includes a range of automotive, distribution, and home building supply companies.
SouthPoint Business Park Alabama will receive a 252,000 SF and a 108,960 SF facility. The new buildings will be completed in November and December 2017 respectively. The SouthPoint Park, Alabama is located at the intersection of the I-65 and 1-565. This location provides excellent access to markets from Nashville TN to Birmingham AL. This corridor is highly favored by companies that serve the Southern Automotive market. This park is also well located to the Army Procurement Command, Redstone Arsenal and NASA’s Marshall Space Flight Center.
SouthPoint Business Park, Mocksville, NC is in the process of adding 4 additional lots that will range in size from 13 to 32 acres. A 108,960 SF facility will be completed on the first lot in February 2018. The SouthPoint Business Park, North Carolina is located just miles from I-40 and 25 miles from the I-85/I-40 junction giving it close access to all markets along the eastern states. Mocksville is centrally located in North Carolina which is 25 miles from Winston-Salem, 60 miles to Charlotte, and 125 miles from Raleigh NC.
The Hollingsworth Companies Southern Advantage Facilities are built to provide maximum flexibility for any prospective tenant. The buildings include 32’ clear height, 60 x 60 column spacing, ESFR fire suppression system, and LED lighting systems. Office space can be individually configured to a prospect’s final specification in 60-90 days to allow for an expedited move in date.
To learn more about these properties, contact Tom Mann at 865-457-3701 or tmann@hollingsworthcos.com.
The Hollingsworth Companies has started the Phase III expansion to the SouthPoint Business Park in Mocksville, North Carolina. With this expansion, the SouthPoint Business Park will become one of the largest semi-rural industrial parks in the state. The Hollingsworth Companies have seen the central location, support from state and local economic development agencies, and favorable business taxes in the state as key to the long term success of SouthPoint Business Park, North Carolina. But the catalyst that kicked off this aggressive expansion was the State of North Carolina’s regulatory reforms that relieved the crippling cost burdens of the 2012 IECC. The regulatory reforms reduced the costs of industrial buildings by as much as 8% which has opened the door once again for developers like the Hollingsworth Companies to proactively invest in speculative industrial space.
In support of future industrial growth, under the leadership of Terry Bralley, President of the Davie Economic Development Commission, the Town of Mocksville and the State of North Carolina approved a grant to extend Quality Drive into new acreage. The road extension, coupled with the purchase of additional acreage by The Hollingsworth Companies created the catalyst for this expansion.
A total of 85 acres of land are being developed into 4 building sites totaling 641,000SF of industrial space. The buildings will range in size from 108,960SF; 134,960SF; 152,241SF; and 252,834SF. All these facilities are designed with the ability for future expansion. The largest building, 252,000SF, can be expanded to 454,000 SF. Building construction features include LED lighting, 32 foot minimum clear height, 60 feet by 60 feet column spacing, and ESFR fire suppression system for the ideal combination of flexibility and value.
Since its inception, The Hollingsworth Companies have developed 4 business parks. The first was located in Clinton, Tennessee. The remaining three parks are located in Mocksville, North Carolina; Prince George County, Virginia; and Tanner, Alabama. SouthPoint industrial park in Mocksville is located 2 miles from I-40 and was founded in 1997. Phase I of the Mocksville park was the development of 45 acres and 4 buildings were constructed on this site for a total of 325,860 SF. Phase II included the development of an additional 57 acres of land, and 4 more buildings totaling another 421,126SF of industrial space.
With the increased optimism of the U.S. economy over the last 90 days and threat of inbound customs tariffs, the inventory of Available Industrial buildings has continued to decrease. This reduction in inventory will result in a corresponding expansion of Build to Suit (BTS) industrial facilities to support the growing market. The Hollingsworth Companies is uniquely suited to provide fast, flexible, industrial facilities in semi-rural locations for tenants that are interested in leased properties. These semi-custom BTS facilities can be located in a SouthPoint Business Park or in a location strategically selected by the tenant.
The Hollingsworth Companies continue to perfect the development, construction, and lease of masonry and steel buildings from 87,000 to 500,000 SF. In 2016, the company continued to build its development portfolio with construction techniques developed over 35 years of BTS service. One such BTS project was a 192,000 sq. expansion for an existing tenant in the SouthPoint Business Park, Prince George, VA. This Build to Suit required special attention as the expansion needed to be carefully timed to prevent interrupting the clients continuing production process. The connection of the expansion to the original facility was timed to coincide with a yearly, one week maintenance shut down. The expansion was completed on time and on budget and achieved goal of transitioning during the maintenance period.
Key benefits of The Hollingsworth Companies Build-to-Suit
facilities include:
General Building Features include:
To find out more about The Hollingsworth Companies Build to Suit/Lease to Suit program, contact Tom Mann at tmann@hollingsworthcos.com or Tom Wortham at twortham@hollingsworthcos.com.
A TIF program uses increased, future real estate tax revenues to fund new improvements designed to attract additional industrial investment and job creation.
The recession of 2008 paired with increased energy code requirements (IECC Regulations) and tightening environmental regulations created a perfect storm hitting industrial development. Typically, industrial developers build “speculative” buildings in anticipation of future tenant demand. These buildings are a financial risk to the developer, but a benefit to the local community as it allows for quick occupancy to potential manufacturing and distribution companies.
As the recession hit, manufacturers became cautious with expansion plans. In the same time period, the federal government increased energy and environmental regulations driving up construction costs 15%-18% and essentially erasing the potential profit for speculative builders. The market of potential manufacturing or distribution users were not willing to pay the additional costs; and, as a result, very little speculative industrial space was being built.
This widening gap for new industrial space rent versus used industrial space rent resulted in a continuing reduction in the supply of existing industrial space. Ready industrial space for manufacturing, distribution, and warehousing is a critical element needed by expanding businesses. Manufacturers need to capitalize on market opportunities in months not years; so, if ready industrial space is not available, then businesses cannot capture the opportunity and fail to grow.
To stimulate the expansion of speculative industrial space, and in turn industrial employment growth, governments can turn to incentive plans to offset rising costs. While this may seem short sighted to some from a tax standpoint, the reality is quite the opposite. Communities with immediately available industrial space have a much higher opportunity to attract new prospects, nor is it risky for the community granting the TIF. The TIF loan is paid back by the increase in property taxes and is guaranteed by the developer receiving the TIF.
The community leaders of Anderson County, TN saw the opportunity to restart speculative industrial development in their community with a TIF. Working with The Hollingsworth Companies, the Anderson County Commissioners and Industrial Development Board of Anderson County have approved a TIF for two industrial buildings and site infrastructure to be developed by The Hollingsworth Companies.
“This TIF will result in 2 speculative industrial structures of 126,000 SF each that include 13,100 SF of commercial office space”, said Bear Stephenson, Chairman of the Anderson County Industrial Board. “It is anticipated these buildings will attract automotive, plastics, nonwovens, and various other manufacturing and distribution companies and the resulting jobs to Anderson County.”
The Hollingsworth Companies’ In-house Attorney (Jamie Huskins) and SVP of Architecture and Business Development (Tom Wortham) worked with the county commissioners and industrial development board to develop the documentation and gain approval for the Tax Incentive Funding.
HDT, a current tenant at the SouthPoint Park in Alabama, has signed a lease for the 206,500 SF facility at 5951 Endeavor Way. HDT Expeditionary Systems will create more than 120 jobs when it transfers manufacturing operations from Buena Vista, Va., to the facility in Huntsville-annexed Limestone County. HDT, which recently welcomed Sean Bond as its new CEO and President, acquired the business and assets of DHS Technologies last year. Bond said the new Huntsville facility will increase production capacity, cut overhead costs and streamline related production processes into one geographic area.
“The decision to move our shelter manufacturing facility was thoughtfully made,” Bond said. “Ultimately, this transition is best for the benefit of the warfighter and the benefit of our organization. The impact will be increased competitiveness and value in our operations, and the opportunity for HDT to grow in a highly competitive global market. We expect HDT Huntsville to become the premier military production facility across all of Northern Alabama.”
Alabama Department of Commerce Secretary Greg Canfield said the state has offered AIDT recruitment and training valued at $1,042,350 and a Jobs Credit at 3 percent on the new employment payroll at a value of $1,557,130 over 10 years. HDT also will receive an estimated abatement of $30,000 for state, county and city sales and use tax to equip the project, as well as an abatement of $179,000 over 10 years for state, county and city property taxes.
The SouthPoint Business Park, Alabama has one existing building available of 108,960 SF. Eight pad ready sites are available for Build to Suit facilities ranging 87,360 FT to 530,160 SF. Construction time for these Build to Suit facilities are as quick as 150 days.
Earlier this year, British tire manufacturer Dunlop Aircraft Tyres was on a tight timetable for identifying the site of its first U.S. retreading facility. The facility would need to serve major customers such as Compass Airlines and Republic Airlines as well military clients.
These informative articles collectively provide a significant amount of information about development opportunities in the Southeastern United States – as well as unbiased reports on The Hollingsworth Companies’ approach. If you would like to have the complete set of articles in hardcopy rather than downloading them on-line, please contact us here and we will be happy to provide them to you.
Local entrepreneur Joe Hollingsworth has accomplished a lot in his varied and impressive career, but his adventuristic nature expands beyond taking risks with start-ups, stocks and investments. Between hang gliding in Rio de Janeiro, racing Formula 1™ cars and deep sea fishing off the Great Barrier Reef, it’s amazing he even has time for his next big venture —one that’s truly out of this world.
Joe Hollingsworth, Jr., CEO of Hollingsworth Companies, has been chosen as one of the nation’s top site consultants by Southern Business & Development magazine. Hollingsworth’s entrepreneurial spirit and commitment to business growth in the South have fostered exceptional growth and resulted in a dramatic impact within the economic development industry as well as his home state of Tennessee.
Hollingsworth has 41 years of successful entrepreneurial experience, which includes building single-family homes, design/build and management of multi-family homes, the growth of a thriving convenience store chain and sports club chain, as well as the revitalization of a shopping center. In 2005, his company concentrated its energies on expanding the industrial real estate side of its business. Hollingsworth Capital Partners was formed with Joe’s son, Trey, as managing partner and majority owner. The company now has business park developments in Tennessee, Alabama, Virginia and North Carolina. Hollingsworth also authored The Southern Advantage, a literary work highlighting the significant progress in the South that has laid the cornerstone for its tremendous economic destiny.
In researching for the award, SB&D extensively surveyed economic developers located in the South to identify site consultants who provide exemplary services to companies involved in a location search. The resulting list was published in SB&D’s latest issue, released earlier this month. SB&D is the leading publication promoting corporate investment and job creation in the American South, the world’s fourth largest economy.
The Hollingsworth Companies has been featured in an article in the Knoxville News Sentinel and other major Southeastern newspapers titled, “Industrial developer favors rural South”. The article discusses the market leadership position of The Hollingsworth Companies and its success garnered through partnerships with communities.
According to the latest research, The Hollingsworth Companies is now one of the largest industrial developers/investors headquartered and doing business in the region.
The Hollingsworth Companies has been featured in two editions of Expansion Management Magazine. In the 1999 Atlas and Guide issue, editor Bill King asks, “Wouldn’t it be great if you could find an industrial real estate developer who thought like a corporate site selector?” in his editorial “Proactive Industrial Development.” Lance Yoder, managing editor of the magazine advises to “take the headache out of expansion with step-by-step assistance from the Hollingsworth Companies” in Expansion Magazine–Incentives 2000.
"I fully recommend working with The Hollingsworth Companies if cost or time driven schedules play a part in your company's opportunity because they do deliver within budget and on time with no change orders or surprises." -- David B. Sutherland, CMS Companies
"Southern states are home to 50 million more residents than the Northeast. In corporate growth, only the South has shown a positive net migration in the early 21st Century." -- Plano Star Courier
"We invited The Hollingsworth Companies to our Atlanta Offices. Within two weeks all negotiations were completed and the lease was executed. From beginning to end, it only took 45 days to complete our requested up fits." -- David B. Sutherland, CMS Companies
"The bottom line is that we could not be more pleased with our Hollingsworth Companies experience." -- Karl F. Hielscher, President and CEO, Metl Span
“From greenfield startup to becoming a national industry leader 10 years later, Hollingsworth continues to play an invaluable role in Service Center Metals growth and success.” -- Scott Kelley, President and CEO, Service Center Metals
"Hollingsworth entered an agreement to ensure quick delivery of the pre-approved standard building sizes . We are committed to deliver the structural steel, ready for erection, in just 6 weeks from receipt of a final building order." -- Jeff Carmean, General Manager, Nucor Building Systems
"Joe Hollingsworth participated as one of our first equity investors. In addition, Joe Hollingsworth has served as a board member and leading advisor for strategic planning and direction." -- Scott Kelley, President and CEO, Service Center Metals
