The Fayetteville Cumberland County Economic Development Corporation (FCEDC) spotlights four prime commercial and industrial real estate properties in the community that possess potential for profitable growth: the Harrelson Building, the Systel Building, Campground Building, and the to-be-completed Liberty Point.
Natalie LaVallee, FCEDC marketing director, said each of these spaces are unique and in high demand. While the corporation does not sell these properties, they do take and highlight them to enhance job growth and prosperity across the community.
According to Robert Van Geons, FCEDC president and CEO, potentially interested parties in different industries look for a variety of factors when deciding to relocate their operations to this area, such as cost. However, there are perks to incoming corporations and to the local community in choosing this area.
“Fayetteville and Cumberland County provide a lower cost per square foot than many competing communities, and we also have a business-friendly climate with the ability to occasionally expedite permits and other development needs,” Van Geons said. “When our properties get leased out or sold or when our land is developed, our job growth and prosperity are enhanced, our economy is strengthened and our tax base is increased.”
HARRELSON BUILDING Space: 30,516 square feet Sale price: $4.65 million Lease price: $15-19 per square feet Address: 2810 Procurement Cir. Currently vacant, this commercial building is located in Fayetteville’s Military Business Park just minutes down the road from Fort Bragg’s All-American Gate. “It would be great to see a [federal] contractor in there,” LaVallee said. “It would be a great training space, so anyone who is training soldiers for tactical needs, I think would be ideal for it.” The property was completed in 2017 and sits on a commercial zone with rezoning capabilities. The owner is open to discuss upfitting options.
SYSTEL BUILDING Space: 45-50,000 square feet Lease price: $22 per square feet Address: 225 Green St. “This one is iconic,” LaVallee said. “It’s downtown, located in an opportunity zone, which is a big seller because you get kind of a tax break on it because it’s in an area that needs a little more development. A lot of people look for sites and buildings in opportunity zones.” The multi-tenant, class A commercial building has different vacancy options: from whole floors and partial spaces, to smaller office spaces. “Former tenants have been the IRS, I think the GSA and other government related agencies,” LaVallee said. “We do recruit industries, business and financial services, so that would also be a really great location for those.”
CAMPGROUND BUILDING Space: 63,000 square feet Sale price: $4.29 million Lease price: $8 per square feet Address: 4525 Campground Rd. Located right off the bustle of Skibo Road, this flexible property boasts both a warehouse and office spaces. “It’s in great shape,” LaVallee said. “The flex space is nice because you can have a multi-tenant building or you can have a company that does different things like warehouse and logistic needs — flex spaces are really great just to have.” Currently, a section of the space is being leased on a month-to-month agreement. According to LaVallee, the tenant is prepared to leave when the seller chooses to sell the property, or whatever new agreement is decided upon.
LIBERTY POINT Space: 142.15 acres Lease price: $4.98 per square feet Address: Corporation Dr. This class A industrial development is located in Hope Mills across the road from Dirtbag Ales Brewery and Taproom. Currently, it is still under construction with the first of its four buildings almost completed. “Ideally, we are looking for manufacturers or distribution and logistics companies,” LaVallee said. “That's because it’s got a great location right off of the highway right off of I-95, which is another perk about Fayetteville in general because we're located right in the middle of I-95.” Liberty Point is located about equidistance between Brooklyn, New York and Miami, which according to LaVallee, is convenient access for distributors having access to two massive populations of the country within a full day’s drive north or south I-95. “The buildings are going to be brand new, so they’re going to be in wonderful shape,” she added. “They're going to have great industrial utilities involved; they're going to be more modern looking. We’re really excited for when that's finished because if we can get some distribution or any type of industrial industry in there.”
Sharon McCutcheon/UnsplashIn recent months, areas across the country have witnessed spikes and drops in the economy. For some this works in their favor, however, the biggest trend across the board is people being more cautious with their money.
Giorgia Trovato/UnsplashNorth Carolina’s business community has been the talk of the town across the nation as it has been recognized as an ideal place to work. Last year, Business Facilities released an annual ranking that placed North Ca
Photo by Heroes Make AmericaEvery year, men and women prepare to leave their life of military service and transition to civilian life – 200,000 in fact, according to the U.S. Department of Labor. For those service men and women, finding work in