Maryland-based MacKenzie Investment Group has announced plans to break ground on a new 1.2 million-square-foot business park in Chester County, S.C., this year, with an expected investment of more than $137 million.
The business park will be well-suited for distribution, logistics, and light manufacturing, developers said. While the specific site plans have not been finalized, the 1.2 million square feet will be broken up between multiple buildings between 95,000 and 800,000 square feet. MacKenzie is considering both speculative and build-to-suit at the site.
“We are excited that MacKenzie Investment Group chose Chester County for this development,” interim Supervisor Wylie Frederick said. “Not only will this generate significant investment and help create good paying jobs, but it will also provide valuable warehousing and distribution opportunities for our existing companies. Welcome to Chester County!”
The park is currently in design for the 109-acre Interstate Business Park site, a prime location on the southwest corner of Highway 9 and Interstate 77, just off exit 65.
“We believe this is where the market is going in greater Charlotte and being located right along I-77 is attractive for prospective tenants looking to avoid circuity and minimize transportation costs,” Michael Bradley, founder of MacKenzie Investment Group, said.
“The Interstate Business Park site has been a focus of ours because we believed that is an ideal location for this type of flex product,” Chester County Economic Development Project Manager Kris Phillips said. “With its location fronting I-77, being part of the Charlotte Region, and less than an hour from Columbia, it is perfect for a business park. MacKenzie Investment Group has had a lot of success with this type of development in other markets along the east coast, and we look forward to seeing their success continue in Chester County.”
A specific timeline for the project has not yet been announced. Matt Treble, Fermin Montes de Oca, and Frances Crisler with Cushman & Wakefield’s Charlotte office will be handling the leasing of the buildings.
