Prince George industrial park plans huge spec warehouse expansion
February 18, 2021
The Richmond market’s industrial real estate sector continues its strong start in 2021, with a complex in the region’s southern half set to expand by nearly 50 percent.
Tennessee-based The Hollingsworth Cos. is preparing to begin work on a 650,000-square-foot industrial building in the Southpoint Business Park in Prince George.
Located at 6162 Quality Drive, the park currently houses about 950,000 square feet of industrial space across 11 buildings on its 152 acres. Hollingsworth began developing the park 15 years ago, adding to a portfolio of 18 million square feet of industrial space, located mostly in the Southeast.
Tom Mann, a VP at Hollingsworth, said the new building will be built on spec, an approach he said has been fruitful for the company recently.
“A lot of our customers will see rapid growth, and we get a call right away because we have a building that’s almost ready,” Mann said. “When COVID hit we thought it’d grind to a halt. It ended up being the opposite. Retail declined but industrial picked that back up because people were ordering from home. 2020 was great for us because we had spec buildings out there.”
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Virginia’s Gateway Region is Home to the Largest Spec Site Development in Virginia
Construction for the 650,250 square-foot industrial facility in Prince George County’s Southpoint Business Park shows confidence in market
PRINCE GEORGE, Va., February 18th 2021 — The Hollingsworth Companies have pre-graded the site and are starting construction of a 650,250 square-foot speculative building in Southpoint Business Park located in Prince George County. This will be the 12th and largest facility developed by The Hollingsworth Companies in Southpoint, which has provided the community with facilities supporting hundreds of jobs and millions of dollars in investments.
With this new facility, Southpoint Business Park will have 1,600,000 square feet of industrial space suitable for high-growth manufacturing and distribution companies located along I-295, only minutes from I-85 and I-95. The spec building will be a concrete tilt-wall comprising 40 feet in clear height, 60- by 60-feet column spacing, 142 dock doors and 177 trailer drops.
While there are “build-to-suit” projects in Virginia exceeding 1,000,000 square feet, this will be the largest speculative building in the market. Speculative buildings are developed to provide immediate occupancy and lure large site-selection projects. Since the building will be completed with up-fits, target clients can take occupancy in less than 60 days, compared to build-to-suit projects which can take up to two years for land acquisition, site work and building construction.
“We are extremely excited about the construction of this new, speculative development in Southpoint Business Park. Buildings of this caliber will attract industrial prospects quickly, and are of immediate support to the local and regional economy ultimately increasing prosperity,” explains Keith Boswell, President and CEO of Virginia’s Gateway Region Economic Development Organization (VGR). “This latest Hollingsworth building of 650,250 square feet in Prince George County will result in a company that will create additional jobs and investment, an increased tax base and will boost the region’s prosperity, while giving us another tool to help us in our continuing efforts to diversify our economy and to assist anyone in the Gateway Region who wants a job, can get one.”
“We appreciate Hollingsworth responding to the demand for industrial facilities needed for the expansion of our community now and over the horizon,” Boswell concluded.
Joe Hollingsworth, CEO of The Hollingsworth Companies, stated: “In spite of the economic pressure of COVID-19, we are very bullish on the Richmond metropolitan statistical area, and specifically the Gateway Region and Prince George County markets. We’ve successfully grown our business on the belief that American manufacturing will continue to prosper, and the Southeastern United States will lead this growth.” He went on to say: “I would like to thank the community for being willing to invest the time, effort and money into being a true partner in making this park successful. It is my belief that the next eight years will be the best economic period of our lives,” Hollingsworth said.
About The Hollingsworth Companies
The Hollingsworth Companies is the largest non-urban industrial real estate developer and construction firm in the Southeastern United States with 125 tenants and 18 million square feet of industrial space spread across 17 states. The Hollingsworth Companies has facilities located in Alabama, Georgia, Mississippi, North Carolina, South Carolina, Tennessee and Virginia. For more information about The Hollingsworth Companies, contact Tom Mann, Senior Vice President of Industrial Real Estate by phone or email.
About Virginia’s Gateway Region
Virginia’s Gateway Region is the regional economic development organization that markets the cities of Colonial Heights, Hopewell and Petersburg, and the counties of Dinwiddie, Prince George, Surry and Sussex. VGR focuses its efforts on new and existing business investment and job creation.
Press Contact: Tom Mann 865-719-6884 tmann@hollingsworthcos.com Jill Vaughan 804-363-7175 jlv@gatewayregion.com
400,000 SF Industrial Facility Groundbreaking in Huntsville, AL
Groundbreaking for the largest spec building ever developed in the North Alabama market.
August 6, 2020
Huntsville, AL Local and state officials and members of the business community gathered to celebrate the groundbreaking of a new 404,738 SF industrial building in the SouthPoint Business Park in Huntsville, Alabama. This will be the 11th facility developed by The Hollingsworth Companies in SouthPoint which has provided the community with facilities that support hundreds of jobs and millions of dollars in investments.
With this new facility, the SouthPoint Business Park will have 1,962,606 SF of industrial space suitable for high growth manufacturing and distribution companies located along the I-65 in North Alabama. This new facility will be a concrete tilt wall, 40’ clear height, 60’ x 60’ column spacing, and include 50+ dock doors. This park also includes two spec complete buildings of 173,888 SF and 109,080 SF available for immediate lease.
“Over the past 10 years, we’ve been able to announce new and expanding companies in our community that have created 30,000 jobs. To do that requires many assets. You need a workforce, you need access to markets, and you need sites and buildings. Today’s groundbreaking gives us another tool to help us in our continuing efforts to diversify our economy and to make sure that anyone in Huntsville who wants a job can get a job. We thank the Hollingsworth Companies for its continued investment and belief in our community,” said Huntsville Mayor Tommy Battle.
“The groundbreaking of the largest speculative industrial building in North Alabama, despite being in the middle of a pandemic, is positive news for our county,” said Limestone County Commission Chairman Collin Daly. “We look forward to this new location assisting with the demand for industrial facilities needed for the continued growth in our county.”
Brooks Kracke, President and CEO of the North Alabama Industrial Development Association mentioned “This latest Hollingsworth building of 404,738 SF in Southpoint Industrial Park is the largest speculative building ever developed in the North Alabama market. It is much needed and is very timely in order to meet the demands of our regional growth.”
Joe Hollingsworth, CEO of The Hollingsworth Companies stated “In spite of the economic pressure of Covid-19 and this being an election year, we are very bullish on the North Alabama market. We have successfully grown our business on the belief that American manufacturing will continue to prosper and the Southeastern United States will lead this growth.” He went on to say “I would like to thank the community for being willing to invest time, effort, and money into being a true partner in making this park successful. It is my belief that the next 8 years will be the best economic period of our lives,” Hollingsworth said.
The Hollingsworth Companies is the largest non-urban Industrial Real Estate developer and construction firm in the Southeastern United States with 125 tenants, 18 million square feet of industrial space, spread over 17 states. The Hollingsworth Companies has facilities located in Alabama, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia. For more information about The Hollingsworth Companies, contact Tom Mann, Senior Vice President of Industrial Real Estate, at 865.457.3701, tmann@hollingsworthcos.com.
Press Contact: Tom Mann 865-719-6884 tmann@hollingsworthcos.com
Hollingsworth Companies Named “Company of the Year”
Jan 29, 2019
Founded in 1836, Davie County, North Carolina is a county known for its neighborly attitude, civic pride, and entrepreneurial spirit. Having grown to a total population of approximately 42,000, Davie County is developing a growing suburban population focused on economic growth, and last year led the state with the most new manufacturing jobs.
The Hollingsworth Companies has been involved in the Davie County, North Carolina community for over 20 years. Since the initial purchase of 45 acres in 1997, The Hollingsworth Companies’ South Point Business Park in Mocksville, North Carolina has grown to include nearly 200 acres and 9 buildings with a 10th in progress. With continued support from local and county officials, the development of The Hollingsworth Companies’ most recent 85-acre expansion will establish this Mocksville SouthPoint Business Park as one of the largest semi-rural industrial parks in the state.
Each year, the Davie County Chamber of Commerce hosts an Annual Awards Gala highlighting achievements of the past year and honoring recipients of their signature awards: the Business of the Year Award and E.C. Tatum Humanitarian Award. The distinguished Business of The Year is given to a company that has made a significant contribution and had a positive impact on the local economy. Because of the 20+ year community involvement, the continued county support in the best and worst of economic cycles, and the assistance in bringing 7 companies and over 400 jobs to Davie County, The Hollingsworth Companies has proudly been named as the 2018 Davie County Business of the Year. This award represents a long-term and successful partnership with the Davie County community, and The Hollingsworth Companies looks forward to continuing to market the benefits of Davie County as it is too great to dream small dreams.
For more information on available properties or Build to Suit/Lease to Suit opportunities in the Davie County SouthPoint Business Park, contact Tom Mann at tmann@hollingsworthcos.com.
Neither snow, nor rain, …
Building Number Ten is underway in the SouthPoint Park in Davie County, NC
January 8, 2019
Mocksville, NC (January 8, 2019) Neither snow, nor rain, … have delayed the recent construction of a new 253,052 SF industrial facility at SouthPoint Business Park in Mocksville, NC. A rare December storm resulted in record snows on the job site. For a southern builder, this much snow was an unusual occurrence on one of their job sites. Significant rain followed and combined with the snow melt resulted in muddy conditions throughout the job site. Progress slowed briefly but construction continued with the crews working diligently to erect the steel frame prior to the Christmas holiday. Now that the New Year holiday has passed, the steel frame is erected, and the job site is dried out; the roof construction has begun without any delay to the final completion date. The new 253,052 SF facility is being built on “spec” and will be available for lease in Q2, 2019.
A 108,960 SF masonry and steel industrial building within SouthPoint is recently completed and available for lease. This building is suitable for light manufacturing, warehousing, and distribution. The Hollingsworth Companies are bullish on the industrial outlook in the Piedmont Triad area and have prepared two additional building sites in SouthPoint for future industrial facilities. These Build to Suit projects can range in size from 108,960 SF to 259,944 SF. With this expansion, the SouthPoint Business Park has become one of the largest semi-rural industrial parks in North Carolina.
With 40 years of project experience from Virginia to Mississippi, The Hollingsworth Companies have completed Build to Suit and “Spec” industrial building projects in record time at very competitive prices. The Hollingsworth Companies have been a long time supporter of the Mocksville community with the introduction of the areas first industrial park in 1997. “I would like to thank the community for being willing to invest time, effort, and money into being a true partner in making this park successful and I want to thank the entire county for their willingness to help us develop their area,” Hollingsworth said.
Terry Bralley, President of the Davie County Economic Development Commission added “Mocksville-Davie County has been the envy of rural communities in North Carolina for 20 years. Our community has developed the perfect public-private partnership to support an industrial park with speculative buildings bringing 100’s of jobs and new investment to our community.
Hollingsworth believed in our community when others did not. Without industrial buildings in today’s fast paced environment, communities do not have the opportunity to grow future jobs.
The partnership with Hollingsworth, the largest non urban industrial real estate developer and construction firm in the southeast United States continues to creates an incredible winning story for our community, of which we are most grateful.”
The SouthPoint Industrial park is located adjacent to the I-40 between the I-85 and I-77. This location is ideally suited for manufacturing and distribution companies that support the Charlotte, Winston Salem, and Greensboro MSA’s. The Charlotte MSA has seen strong growth with defense-related industries with four of the nation’s top ten defense contractors locating facilities in the area as well as a strong market for distribution companies located along the I-85 corridor. Greensboro has well established manufacturers in chemicals (pharmaceuticals), transportation equipment, machinery, and fabricated metals. While the Winston Salem area sees continued expansion in Apparel, Aerospace, and Construction Equipment manufacturing.
The Hollingsworth Companies are the largest non-urban Industrial Real Estate developer and construction firm in the southeastern United States with 125 tenants, eighteen million square feet of industrial space, spread over 15 states. The Hollingsworth Companies has facilities located in North Carolina, Alabama, Georgia, Mississippi, South Carolina, Tennessee, and Virginia. For more information about The Hollingsworth Companies, contact, Tom Mann, Senior Vice President of Industrial Real Estate, at 865.457.3701, tmann@hollingsworthcos.com
SouthPoint Industrial Park in Mocksville Continues to Expand
September 18, 2018
Mocksville, NC (September 18, 2018) – Less than a year from a 75+ acre expansion in the SouthPoint Business Park, North Carolina; The Hollingsworth Companies are starting the second facility in a four building expansion in their park. The Hollingsworth Companies have been a long time supporter of the Mocksville community with the introduction of the areas first industrial park in 1997. “I would like to thank the community for being willing to invest time, effort, and money into being a true partner in making this park successful and I want to thank the entire county for their willingness to help us develop their area,” Hollingsworth said.
This tenth building, a 253,180 square foot industrial building, will be a similar designed, steel and masonry facility, with 30’ clear height, 60 foot by 60 foot column spacing and high intensity LED lighting. This facility design has been very successful for The Hollingsworth Companies with four industrial parks and over 125 buildings across the Southeastern Manufacturing corridor located from Virginia to Mississippi. From their beginnings as a local development company in Clinton, TN, The Hollingsworth portfolio now includes 18 million square feet of property leased to companies that range from manufacturing to distribution and fortune 100 companies to high growth, early stage companies less than two years old.
The ninth building in the park, a 108,960 SF facility built on spec. is currently available for a long-term lease by a light manufacturing and/or distribution company. Two additional buildings are planned in the park, a 152,160 SF facility that can be expanded to 238,590 SF and a 130,344 SF facility that can be expanded to 259,944. Both are expected to be constructed in 2019.
“Mocksville could not have asked for a better business partner than the Hollingsworth Companies. It has been a pleasure working with such a professional organization that has helped bring so many employers to our town since 1997. With their new buildings coming on line in the near future, Mocksville will remain at the forefront of economic development in this booming economy” stated Will Marklin, Mayor, Mocksville, NC.
About The Hollingsworth Companies The Hollingsworth Companies are the largest non-urban Industrial Real Estate developer and construction firm in the southeastern United States with 125 tenants, eighteen million square feet of industrial space, spread over 15 states. The Hollingsworth Companies has facilities located in North Carolina, Alabama, Georgia, Mississippi, South Carolina, Tennessee, and Virginia. For more information about The Hollingsworth Companies, contact, Tom Mann, Senior Vice President of Industrial Real Estate, at 865.457.3701, tmann@hollingsworthcos.com
Industrial Development continues at record pace in Huntsville, Alabama
July 24, 2018
The Hollingsworth Companies break ground on two new industrial lots and will complete two facilities under construction in the SouthPoint Industrial Park
Huntsville, AL – July 24, 2018 – The Hollingsworth Companies broke ground on their ninth and tenth industrial project in SouthPoint Industrial Park, Alabama. This is the third and fourth projects started within the last 12 months and is designed to support the continued growth in the North Alabama market. The two new lots are designed to support industrial facilities from 108,960 SqFt to 195,360 SqFt, with an additional lot that will support facilities up to 327,600 SqFt. These lots are available for Build to Suit projects focused on light manufacturing, warehousing, and distribution.
The expansion in SouthPoint has been fueled indirectly by the city’s existing top employers that include the U.S. Army, 35,000 employees, NASA/Marshall Space Flight Center, 6,500, and Boeing 2,600. As well as a rapid growth over the past three years of more than 9,000 new jobs created across the city of Huntsville. Some of the largest areas of growth have been observed in companies like Polaris and Remington. Polaris, for example, has brought 2,000 jobs to the Huntsville area alone. Further growth is expected from the newly announced Mazda/Toyota joint venture (MTMUS) facility. The facility is expected to create up to 4,000 jobs. Toyota and Mazda are investing $1.6 billion towards this project with additional investment expected from Tier 1 and Tier 2 suppliers.
Mark Yarborough, Chairman of the Limestone County Commission stated, “We are excited to work with The Hollingsworth Companies and see the continued growth at SouthPoint Industrial Park. Clearly there is a demand for industrial buildings in Limestone County and this will continue to increase with the new Mazda Toyota assembly plant. These new facilities with be a welcome addition to the available inventory of high quality industrial space in our area.
“Limestone County Economic Development Association (LCEDA) is very happy to see that the Hollingsworth Companies is adding two additional pregraded lots to the SouthPoint Business Park in Limestone County, Alabama. In this era of industrial activity, having large industrial buildings ready for occupancy is a real plus for the Limestone/Madison area. We are pleased to continue our long term relationship with The Hollingsworth Companies and look forward to helping bring occupants to park” added Tom Hill, President of the LCEDA.
In addition to the two new pregraded sites in SouthPoint, two completed buildings are available for lease. A 227,600 SqFt class A building with 14 loading docks and 30’ clear height and a 108,960 SqFt building with 6 loading docks and 32’ clear height. Both buildings include LED lighting, 60’ x 60’ column spacing, ESFR fire suppression system and are suitable for light manufacturing, warehouse or distribution space.
The SouthPoint Industrial park is located adjacent to the I-65 and I-565 interstates, between Nashville, TN and Birmingham, AL. This location provides quick access for companies that want to be centrally located in the Southeast manufacturing corridor. The SouthPoint Park, Alabama was designed for companies that support the greater Huntsville MSA that includes the Southern Automotive corridor, Red Stone Arsenal, Army Contracting Command, and NASA’s Marshall Space Flight Center.
8025 Quality Drive Sells for $4.25 Million
Richmond, Va. – July 24, 2018 – CBRE|Richmond is pleased to announce the sale of 8025 Quality Drive located in Prince George, VA for $4.25 million. The site was sold to Summit Investments Southeast, an entity of Hollingsworth Development who developed the South Point Business Park where the property is located.
The site is an industrial building comprised of 143,638 square feet industrial space with an office component of 7,400 square feet. Originally built in 2002 with additions added in 2005, the warehouse is situated in a prime location close to I-295 with quick access to I-95 and the Port of Virginia. After constructing the building, the buyer, Hollingsworth Development, later saw it as an attractive investment opportunity within a tight industrial market that currently has a vacancy rate below 4%. The Hollingsworth Company is now offering the building for a long term lease.
The property had been on the market for about 3.5 years prior to CBRE|Richmond’s involvement. Once involved, the site closed within six months with a back-up offer in place.
Matt Anderson and Wood Thornton of CBRE|Richmond represented the seller, Loan Oak – Richmond, LLC, in this transaction.
About CBRE – Richmond
CBRE|Richmond is a CBRE, Inc. affiliate office serving the Central Virginia region. The firm assists real estate owners, investors and occupiers by offering strategic advice and execution for property leasing and sales; property, facilities and project management; corporate services; debt and equity financing; investment management; valuation and appraisal; research and investment strategy; and consulting. In 2016, CBRE|Richmond completed 448 lease transactions encompassing 3.9 million square feet and totaling $240 million in value. The Richmond office also completed 90 sales transactions in 2016 with a total value of $459 million. For more information about the Richmond office, visit our website, www.cbre.us/richmond.
About CBRE in the Mid-South Region CBRE is the only global real estate services firm with offices in Norfolk, Newport News, Richmond, Charlottesville, and Fredericksburg, VA, and Raleigh and Greensboro, NC. These offices are collectively referred to as the Mid-South region. The CBRE Mid-South offices (excluding Northern Virginia and Charlotte, NC offices) completed $3.2 billion of sales and leasing transactions in 2016.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue).The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.us.
About The Hollingsworth Companies The Hollingsworth Companies are the largest non-urban Industrial Real Estate developer and construction firm in the southeastern United States with 125 tenants, eighteen million square feet of industrial space, spread over 17 states. Facilities are strategically located in the Southern Automotive corridor of Alabama, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia. For more information about The Hollingsworth Companies, contact, Tom Mann, Senior Vice President of Industrial Real Estate, at 865.457.3701.
For further information:
Joe Marchetti Ashly Paraham
Managing Director Graphic Designer/Marketing Assistant/Public Relations
CBRE|Richmond CBRE|Richmond
804.320.5500 804.968.1975
joe.marchetti@cbre-richmond.com ashly.paraham@cbre-richmond.com
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.”
"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
