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Crews Begin Work On 683-Acre Industrial Park

Read the original article on CEG

Construction crews in Tuskegee, Ala., are working on the first phase of a master-planned industrial park that's been years in the making.

The 683-acre Regional East Alabama Logistics (REAL) Park in Macon County is expected to dramatically boost economic growth in the area when completed.

"The park is being developed in three phases," said Joe Turnham, director of the Macon County Economic Development Authority (MCEDA). "The large acreage affords the community and developer the ability to offer site arrangements and clusters of larger acreage lots that accommodate buildings up to one million square feet, or buildings of 200,000 square feet. Large parcels along the I-85 corridor are becoming increasingly rare, and this large acreage park allows Macon County and REAL Park to compete in a limited space."

The project, an effort led by Farpoint Development and the local Bassett family, is situated on a portion of the existing Beck's Turf Farm. Turnham said now is the right time to build.

"Our nation and the state are very limited on available inventory of warehouse, logistics and manufacturing space that is quick to market," said Turnham. "It's hard to find lease space of this magnitude anywhere in the corridor. Some experts say America is one billion square feet short of viable inventory of space. By having partners like Farpoint and Opportunity Alabama, we are able to offer ready-space in a hungry market and win projects for our community."

The structure is being erected to attract new tenants to the project.

"The REAL Park and this first building are located at Exit 42 on I-85 in the growth area of the corridor," said Turnham. "Having available, Class-A industrial space ready for occupancy puts Macon County and its partners in a unique and favorable position to win projects that need to be in the corridor right away. Speed to market is essential in today's environment."

Turnham noted the spec building sets the tone and quality for the type of development REAL Park will become. Building 2 and 3 are expected to emerge quickly once the first building is finished.

"REAL Park has three phases planned and can change and accelerate that model based on the market and demand," he said. "We see a park that can ultimately accommodate a dozen or more buildings and at least five million square feet."

The estimated price tag will change with build-out and customer specification, with 169,000 sq. ft. expandable up to roughly 250,000 sq. ft. Costs vary, but range from approximately $15-25 million.

The effort is primarily a private development with participation from Opportunity Alabama and its new investment fund. The local public communities and utilities are providing secondary funding of utilities and infrastructure.

"The genesis of this project is based on relationships, dreams and daring entrepreneurship," said Turnham. "It's a model of how communities, investors, developers, utilities, contractors and other stakeholders can pull off a regional gem and create inventory for the state of Alabama to market, as well.

The spec building is designed by MCA Architects of South Carolina and is a versatile space with tilt-wall construction that can be adapted for various uses. It can easily be divided into smaller spaces for multiple individual tenants.

Turnham also is pleased with the expected economic impact.

"The park at full development portends to create over 1,000 new jobs, and up to $500 million or more in new investments. Furthermore, the new tax revenues and payrolls will allow Tuskegee-Macon County to invest in infrastructure, education and workforce development, as well as attract new retail and housing for a new generation."

According to Philip Williams, CCIM, Farpoint's director of development, "The site is very conducive to Class-A industrial development, and from that standpoint, it is easily developed. The biggest challenges on this project are the same other developers face with increased construction costs, a tight labor market and materials availability, which we have mitigated to a large degree.

"We are currently under construction on the first building and are continuing design on the overall site. We have completed the majority of site work and will be pouring the slab in several weeks. We will continue construction from now until the first quarter of 2023, when we will deliver the first building."

Williams pointed out, "Tilt-wall construction is the preferred method of construction for this type of industrial building in this part of the U.S., and has a useful life greater than 50 years, representing a solid structure that will attract high quality industrial users seeking a Class-A product.

"We will be completing offsite traffic modifications, including additional turn lanes and more enhancements as the industrial park continues to expand. The project will have an ALDOT standard road that spans throughout the entire industrial park. This is a unique opportunity to serve such an important community and help bring jobs to an area that has often been overlooked and underinvested."

The park is brokered by Cushman-Wakefield and is being built by Doster Construction of Birmingham.

"Doster is one of Alabama's top construction companies, and has been a super professional partner," said Turnham. "They have a superior design-build team and move quickly and nimbly to meet client needs."

Doster senior project manager Erik Oxford noted that tilt-up construction requires significant organization and collaboration on the building site.

"The chronological steps that need to be taken for a tilt-up project are site evaluation, engineering, footings and floor slabs, forming tilt-up panels, steel placement, embeds and inserts, concrete placement, panel erection and panel finishing."

Completed construction includes all under slab utilities and interior footings, but much work remains.

"Currently, we are working on the site installing drainage ditches, domestic water line, fire water line and installing the Industrial Park Drive main roadway," said Oxford. "We are pouring our continuous footings in preparation to start pouring the slab."

Tasks yet to be carried out include forming and pouring the tilt wall, erecting the tilt wall, erecting the structural steel and receiving and installing the TPO roof.

Oxford said site work is a lengthy process, because of the size of the property.

"Concrete will be time-consuming as well, as we are pouring the slab that is 168,480 square feet, and then the tilt walls. The total volume of concrete will be approximately 5,200 cubic yards."

One of the big advantages for crews has been working on an existing sod farm.

"The site was relatively flat. No clearing was involved. We were able to strip the topsoil and go to work."

A total of 24,707 cu. yds. of fill material will be moved during construction, along with 24,215 cu. yds. of topsoil.

There has been no roadwork to date; however, crews will install a site road, as well as a southbound right-hand turn lane on HWY 186 into the park.

Major milestones for the project will include the final slab pour, erection of tilt walls, erection of structural steel and completion of the roof.

Equipment on the job includes excavators, bulldozers, rock trucks, a 250-ton crawler crane, manlifts and all-terrain forklifts. Main materials include concrete, steel, roof insulation and TPO roof.

"It's truly an honor to be associated with a project that has the potential to provide such an economic impact to the Macon County community," said Oxford.

Turnham added, "This project is a dream and case study of how public and private collaboration make new economic reality. As Governor Kay Ivey said at the June groundbreaking ceremony, this is good for Alabama." CEG

Industrial Market Set for Major Growth in the Southeast

Read the original article on dosterconstruction.com

The industrial construction market in the southeast is projected to have immense growth over the next several years. The changes in the market are a result of ecommerce, supply chain issues, logistics strategy changes, and the development of EV auto plants. This has caused a huge demand for new manufacturing, distribution, and storage facilities near interstate and rail avenues.

The Golden Triangle which includes the I-85 corridor is projected to be the focus of industrial development in the United States because of rail connectivity, interstate corridors, growth of the Mobile port, population migration, and the shift of the supply chain.

We asked Justin Patwin, Managing Director at Farpoint Development, some questions about the current state of the industrial market. Hear what he had to say below.

What is your opinion of the industrial market today, particularly in the southeast?

“The southeast in general is still very much undersupplied with high quality industrial product given the continued demand, not to mention the influx of people moving to the southeast from other parts of the country. In areas like the Carolinas, the market is a lot tighter with the volume of activity we are seeing but in other areas, like Alabama, there’s more opportunity for future growth.”

What indicators do you look for as a company when deciding where to develop property?

“We certainly like to see where land pricing is relative to the cost of construction. We also like to see strong demand from the national brokerage community – who is in the market for space and what the leasing velocity is like for a given area. We are also looking to see what other developments are going and what does the general pipeline look like for the next 2-4 years.”

What were the key factors that drew you to Wire Road, Exit 42 in Macon County for the R.E.A.L Park?

“I think the first thing from a location perspective is the opportunity to have a large land assemblage right off I-85 stood out to us, especially knowing that there isn’t a lot of Class A space in the vicinity. From there, it was also the opportunity to create something impactful for Macon County fit well with our overall mission as a company. We like projects where we can do well for the firm and good for the community – those are win, win scenarios that don’t come around that often.”

Just within the last month, Doster has broken ground on three Alabama industrial projects for Farpoint Development, Fed Ex, and Lockheed Martin. The market trends predict that this growth will continue, and Doster has an experienced Industrial Division in place to provide preconstruction and construction services on your next project.

Read more about Doster’s expertise in Industrial Construction here.

Groundbreaking ceremony held for 683-acre Macon County industrial park

Read the original article on WSFA.com

MACON COUNTY, Ala. (WSFA) - A groundbreaking ceremony was held Wednesday for the first phase of the Regional East Alabama Logistics (REAL) Park, to be located in Macon County.

Gov. Kay Ivey’s office said the project is expected to bring $386 million in new economic capital investment, along with more than 1,000 new direct jobs and 863 indirect jobs. Construction for the first 169,000-square foot building is set to begin within the next couple of days. The project will ultimately result in a 13-building, 5M-square foot logistics park.

R.E.A.L Park was developed from a partnership between the Macon County Economic Development Authority (MCEDA), landowners and Farpoint Development. It will encompass 683 acres at the site of Beck’s Turf Farm, located off Exit 42 on Interstate 85.

When the park’s construction is completed, it will house the only Class A warehouse/manufacturing building available for lease within a 40-mile radius, according to MADE in Alabama.

Farpoint development is already actively marketing the building to potential company tenants.

Construction on R.E.A.L Park in Macon County set to begin

Read the original article on WSFA.com

MONTGOMERY, Ala. (WSFA) - Construction is set to begin on a logistics park in Macon County that is set to have a major economic impact on the area.

The Regional East Alabama Logistics Park, or R.E.A.L Park, is becoming a reality with the help of a partnership between Macon County Economic Development Authority (MCEDA), landowners and Farpoint Development. It will encompass 683 acres at the site of Beck’s Turf Farm off Exit 42 on Interstate 85.

The construction is expected to begin this summer. When the park’s construction is completed, it will house the only Class A warehouse/manufacturing building available for lease within a 40-mile radius, according to MADE in Alabama.

Farpoint commissioned the Center of Business and Economic Research from the University of Alabama to do an economic impact analysis that shows the project will bring $386,000,000 in new economic capital investment when fully built, and over 1,000 new direct jobs and 863 indirect jobs. Local taxes generated will be in the millions of dollars per year at full completion.

Construction is slated to be completed by the end of 2022. Farpoint development is already actively marketing the building to potential company tenants.

Contact us

MCEDA
Joe Turnham
Director
608 Dibble Street, Suite 7
Tuskegee, AL 36083
334.444.2672
info@madeinmacon.com