Thursday, October 6, 2022
Oppidan breaks ground on Blue Ridge Commerce Center near Asheville
This is Oppidan’s second Industrial Development to break ground in North Carolina; first Class A speculative industrial park in Hendersonville
Hendersonville, N.C. – (October 6, 2022) – Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., and with offices in Apex, N.C., will break ground on the Blue Ridge Commerce Center, the first Class A speculative industrial development in Hendersonville.
The groundbreaking ceremony will take place at 11:30 a.m. on Thursday, Oct. 6, 2022, at 337 McMurray Road in Flat Rock.
The Blue Ridge Commerce Center is a $80 million project that includes 4 buildings and 654,216 square feet of Class A industrial/warehouse development on 65 acres. This property sits directly on Interstate 26 with great visibility and easy access to both Asheville, N.C., and Greenville, S.C. The region is desired because of the Blue Ridge Mountains, but it is difficult to find buildable land, especially for an industrial park.
“We are excited to bring Henderson County and the Town of Hendersonville a Class A Industrial Park. This property was prime for development and the demand drivers of the area, with its continued population growth, labor and connectivity, made it an easy decision for us to invest here,” said Tim Brent, Oppidan Executive Vice President, Southeast. “We’ve designed very flexible buildings to be able to accommodate a wide variety of users and tenant sizes and we’re excited to bring that variety of industry, jobs and tax base to the city and county.”
This is Oppidan’s second industrial development in North Carolina. In May 2022, Oppidan broke ground on the $100 million Apex Commerce Center, a four-building Class A industrial development on 121-acres which is part of Oppidan’s $157.3M, nine-property industrial pipeline with Rockpoint Group, a real estate private equity firm.
Construction is expected to be completed in late summer of 2023.
Rockpoint Group serves as the equity partner. Also included in the project are Omega Construction, Cooper Construction and Merriman Schmitt Architects. Al Williams, Matthew Greer and Jay Hill from JLL served as the brokers.