Another large industrial building is being developed in the Charlotte region, adding to a rapidly growing trend of bigger projects in recent months.
Charlotte-based Trinity Capital Advisors is developing Delta Industrial Park on Delta Drive in Gastonia. The project calls for a 600,000-square-foot industrial building that can be expanded up to 1 million square feet. There is not yet a firm timeline on when the project will deliver, said Massie Flippin, partner at Trinity Capital.
Flippin said site work has begun for the project and Trinity Capital has the ability to deliver the building in an "eight- to 12-month period." He said Trinity Capital is actively talking to several prospects for the project and the developer has not yet decided if it will be speculative.
"There's been an evolution in demand in terms of what tenants are looking for in terms of size," Flippin said. "There's been more absorption and desire from tenants, particularly in the e-commerce sector, to take larger buildings as everyone reassesses their supply chains."
Delta Industrial Park is a cross-dock building with 130 total dock doors, four drive-in doors and 36-foot clear heights. Trinity Capital says ideal uses for the building would be distribution, manufacturing, e-commerce and third-party logistics, among others. It will be located just off Exit 14 of Interstate 85 in west Gastonia.
Flippin said the location was ideal for the project because of its proximity to the interstate and a strong labor force.
"The fact that we can pursue 600,000-square-foot deals up to 1 million square feet on this project makes it a little more unique," Flippin said. "This particular site gives us a little more flexibility to chase a wider array of deals."
Delta Industrial Park is part of an ongoing effort by Trinity Capital to develop more industrial space in the Carolinas.
Trinity Capital is in the process of developing the 441,000-square-foot Alexander Commerce Park in Durham. Also in the Triangle, it is developing more buildings at industrial development Eastgate 540. In South Carolina, Trinity Capital is building Palmetto Commerce Park, which includes 850,000 square feet of industrial space.
"We love these Carolinas markets because they are East Coast-centric, which is certainly an attractive facet of people satisfying a piece of their supply chain with a single source," Flippin said. "If they're going to put a facility here, it is very reachable."