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Virginia s Gateway Region is Home to the Largest Spec Site Development in Virginia
Construction for the 650,250 square-foot industrial facility in Prince George County s Southpoint Business Park shows confidence in market
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PRINCE GEORGE, Va., Feb. 18, 2021 /PRNewswire/ The Hollingsworth Companies have pre-graded the site and are starting construction of a 650,250 square-foot speculative building in Southpoint Business Park located in Prince George County. This will be the 12
th and largest facility developed by The Hollingsworth Companies in Southpoint, which has provided the community with facilities supporting hundreds of jobs and millions of dollars in investments.
Industrial real estate is bright spot in 2020 market 09:55 | 17/02/2021
A view of Quang Chau industrial zone in Bac Giang province (Photo: VNA)
Hanoi - The industrial market is the only real estate sector that has enjoyed positive progress in both rental rates and occupancy rates during the COVID-19 pandemic.
Some provinces with hot industrial real estate markets include Long An, Dong Nai, Binh Duong, Binh Dinh, Thanh Hoa, Quang Ninh, Hai Duong and Bac Giang, according to the Vietnam Real Estate Brokerage Association.
In 2020, the average occupancy rate in industrial zones was up more than 70 percent year-on-year. The average factory rental price nationwide was 60-80,000 VND per sq.m and the purchase price of land in industrial zones with infrastructure ranged from 3 to 5 million VND per sq.m, according to Nguyen Van Dinh, Vice President cum General Secretary of the Vietnam Real Estate Brokerage Association.
Loctek Ergonomic, which makes work furniture focused on wellness and productivity, has leased a Jacksonville warehouse and plans to build a distribution center in North Jacksonville.
Loctek’s U.S. headquarters is in Livermore, California. The Bloomberg news service says Loctek Ergonomic Technology Corp. is based in China.
Loctek says it has 1,400 jobs and operates factories in China and Vietnam and distribution centers in Livermore, which is near San Francisco, and in Memphis, Tennessee, and Houston.
Loctek Inc. Development Manager Lori Wu said Feb. 11 by email that the company occupies a building at 1350 Tradeport Drive and will build at Faye Road, which is near the JaxPort Blount Island Marine Terminal.
09:20 AM EST Share The city issued a permit Feb. 10 for the hardware products company to renovate its existing warehouse, which will double in size.
The Hillman Group is ready to renovate and expand the warehouse it leases in North Jacksonville.
The city issued a permit Feb. 10 for Dana B. Kenyon Co. to renovate the 96,523-square-foot Hillman warehouse at 3650 Port Jacksonville Parkway at a project cost of almost $2.28 million.
Dana B. Kenyon Co. also is building the foundation for the 95,523-square-foot expansion in NorthPoint Industrial Park. The city issued the foundation permit Dec. 3 at a project cost of $710,374.
Hillman Group provides hardware products to more than 25,000 customers, including Lowe’s, The Home Depot, Tractor Supply Co., Ace Hardware and Walmart.