The Kannapolis City Council and Fortius Capital Partners are celebrating the groundbreaking of Lakeshore Corporate Park.
“We are excited to be at this point – shovels turning dirt,” Kannapolis Mayor Darrell Hinnant said. “This means we are months away from adding to our inventory of great places where people can work and companies can fulfill their mission of providing quality jobs and products for our citizens. We look forward to watching this property develop into a corporate campus. With our recent designation as a Top 15 Location for Corporate Relocations we expect a lot of interest in the site.”
The corporate park will be located on a 55-acre site near I-85, and has excellent access to Charlotte and Greensboro. The property, which is the former site of the Intimidators Baseball Stadium, is next to a protected reservoir.
Concord-based developer Fortius Capital Partners is partnering with Stonemont as the capital partner; Choate Construction is the general contractor. The group plans to build three industrial buildings on the site, ranging from 125,000 to 300,000 square feet. The total development is expected to be approximately 700,000 square feet, with a projected cost of more than $50 million.
Fortius plans to target manufacturing, light assembly, and distribution companies to move into the buildings and bring hundreds of jobs to the city. Expected buildout is three to five years. The developer will donate three acres at the north end of the site for the city to use for a future fire station.
“We are pleased to be able to begin this project in Kannapolis,” Fortius Director of Development Dave Davis said. “We are building a Class A corporate park which will be ideally suited for many different companies due to the close proximity and easy access to I-85, the strong labor pool, and immediate connectivity to the greater Charlotte Region. Having a beautiful neighbor, Lake Fisher, and the many amenities located in the city of Kannapolis are just a couple of the strong attributes that drew us to this location.”
