A groundbreaking at Whitaker Park symbolized the beginning of a new build that will increase capacity for industrial tenants in the complex.
Brennan Investment Group is developing a new state-of-the-art 110,000 SF Class-A industrial building on the former RJ Reynolds HQ campus known as Whitaker Park in Winston-Salem, NC. With existing infrastructure at the 220-acre complex already nearly at capacity, there is strong demand for additional industrial development which will complement other mixed-use and retail additions also under construction. The park sits in a strategic last-mile infill location near downtown Winston-Salem, Wake Forest University, and five nearby interstates.
The Class A tilt-wall building is designed to be flexible enough to accommodate as many as four tenants or can have as few as one tenant take the entire building.
“The team at Brennan is very excited to increase our investment in the city of Winston-Salem with this new Class A industrial project at Whitaker Park. We chose this area because of its business-friendly environment, access to high-quality labor, the central location within the state of North Carolina, as well as its easy access to downtown and five nearby interstates. This project is already garnering interest from businesses looking to locate in this area because of the highly educated workforce and access to the state and region’s population whether by interstate or rail,” commented Rob Gage, Senior Vice President of Brennan Investment Group.
“The Whitaker Park Development Authority is excited that Brennan Investments has chosen Whitaker Park for the construction of a new spec building,” said Bob Leak, Jr., President and CEO of WPDA, Inc. This new building, along with the 82,000 square foot building they also purchased and are renovating, will continue to make Whitaker Park a competitive destination for companies looking to relocate or expand in the Winston-Salem and Forsyth County area.”
“We continue to receive great interest in properties at Whitaker Park whether we are working with an existing company or a business looking to locate here. Having a spec building ready to deliver is an extremely important asset to have in our commercial real estate portfolio for Winston-Salem and Forsyth County. The redevelopment of Whitaker Park is only continuing to accelerate, generating new jobs and investment that benefits our entire community,” says Mark Owens, President & CEO of Greater Winston-Salem, Inc.
The spec building is expected to be delivered in the fourth quarter of 2022. Landmark Builders of Winston-Salem is serving as the project’s general contractor.