JLL selected to lead leasing efforts for the eight-building, Class-A industrial campus spanning 185-acres
The Keith Corporation (TKC) and IDM Ventures, LLC (IDM) today announce a joint venture to develop South Point Commerce Center, a 185-acre and eight-building build-to-suit industrial park in High Point, North Carolina. JLL Senior Managing Director Spencer Yorke, Executive Vice President Al Williams, and Vice President Jay Hill have been selected to market and lease the property on behalf of the owners.
South Point Commerce Center will include eight buildings ranging from 73,500 square feet to 342,000 square feet. All of the buildings will feature rear load configuration and ample auto and truck parking. Also, the site provides the option to combine two parcels to create a larger, cross-dock building spanning more than 600,000 square feet.
High Point is strategically located midway between major east coast markets and features convenient access to a broad network of interstates and highways. South Point Commerce Center is just one mile from the I-85 business loop and offers quick access to I-74, I-73, and I-40. The site is within close proximity to the North Carolina central business districts of Greensboro, Charlotte, Winston-Salem, and Raleigh. There are nearly 30 cities within a one-day drive, including Chicago, New York City, and Detroit. In addition, the site benefits from being within 20 miles of the Piedmont Triad International Airport, and is also near rail services, deep water ports, and more.
“There are few sites in such a prominent location with the large-scale space opportunities that South Point Commerce Center offers users of all types,” said JLL’s Yorke. “As the region’s industrial sector continues to experience robust demand from a variety of industries, including automotive and battery, we are confident in our team’s ability to successfully market the site’s unique advantages to tenants.”
South Point Commerce Center is being developed in partnership with TKC and IDM Ventures. TKC is a privately held, full-service commercial real estate firm headquartered in Charlotte. With projects in 36 states and several countries, TKC has developed over $3.6 million of commercial real estate product totaling more than 44 million square feet.
“With its strategic position in High Point, South Point Commerce Center has a distinct advantage as a regional and national transportation hub,” said Justin Curis, Vice President of Industrial Development at TKC. “This state-of-the-art industrial campus will capitalize on the market’s rapid growth and has the potential to serve a variety of high-growth industrial and manufacturing tenants.”
IDM Ventures is a privately held commercial real estate development and investment firm located in High Point. Through a variety of strategic partnerships, IDM has spearheaded the ground-up development of industrial, multifamily, and self-storage properties throughout the region.
“We are proud to partner with The Keith Corporation to develop this expansive Class-A industrial park,” said Hunter Oglesby, Principal for IDM. “Together, we will deliver a best-in-class product that is reflective of our confidence in the market, as well as the future growth of the industrial sector. With JLL on board, we are certain that South Point Commerce Center will emerge as a premier choice for prospective tenants.”
Across the Greensboro/Winston-Salem area, over six million square feet of industrial space is currently under construction. According to JLL experts, this continued development boom is a testament to the strength of the sector and the location’s growing logistics capabilities. With an average vacancy of 3.1% and robust leasing demand, JLL reports that the market’s diverse tenant mix and expanding industrial footprint will continue to position the market as an attractive choice for industrial and manufacturing users.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 103,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.City Biz List (Charlotte/Raleigh)
