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LAKE NORMANECONOMIC DEVELOPMENT

Local developer targets Q4 delivery for new speculative industrial building in Huntersville


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Another speculative industrial building in Huntersville is in the works and targeting delivery by the end of the year.

Charlotte-based Selwyn Property Group is building a 104,700-square-foot industrial building at 11142 Statesville Road near Interstate 77. The project is expected to deliver in the fourth quarter. The building, which is called Selwyn Northridge, is being geared toward distribution, warehousing and manufacturing users.

Selwyn Northridge will include 32-foot clear heights and as many as 30 dock-high doors. It can be used as either a single-tenant or multitenant facility, with the ability to accommodate users between 23,400 square feet and 104,700 square feet. Colliers International's Rob Speir, Grant Miller and Justin Smith will market the property for Selwyn.

“Given its location with outstanding access to I-77 and I-485, we’re excited to deliver this facility to the vibrant northern submarket," Selwyn's Jon Phillips said.

The building is part of a robust pipeline of speculative industrial development in Huntersville. Ryan McDaniels, executive director of Lake Norman Economic Development, told the Charlotte Business Journal in May that speculative activity had exploded there in recent years. He said then that there was around 4 million square feet of speculative space in planning, under review or under construction.

NorthCross Commerce Center is being developed by Atlanta-based MDH Partners and includes two industrial buildings. The largest building is 331,385 square feet, while the smaller building is 114,100 square feet. The project is on Jamesburg Drive and is among the largest in the town.

Another notable project is Foundry Commercial's Bryton Commerce Center, which has three existing buildings totaling over 350,000 square feet. Sources have told CBJ that Amazon would occupy Building C at Bryton, which is 125,937 square feet. Neither Amazon nor Foundry has confirmed those plans, but the building is listed as fully leased on Foundry's website.

 

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