According to those familiar with the proposal, the search hasbeen narrowed to Statesville and Monroe. Statesville is about 50miles north of Charlotte; Monroe is about 30 miles southeast ofCharlotte.
In Monroe, Alberdingk has looked at the Rodel Inc. building, an80,000-sf facility built in 1998 but never occupied. It wassupposed to be the first building of Monroe Corporate Center, aplanned 400,000-sf business campus. But because of market shifts inthe semiconductor industry, the Phoenix-based company put theproject on hold.
Statesville is thought to be the leader in the running for theproject, possibly because Rodel raised its asking price for theMonroe buidling. Built at a cost of about $14 million, the price atone time had been dropped to less than $10 million.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
