This year, two companies plan to build more than a million square feet of industrial space in Greenwood.
The latest of the projects is a 470,000-square-foot building at Precedent South business park. The new building is planned for about 33 acres between Graham Road and Commerce Parkway East.
What will go into the building is not known yet. Plans show a rectangular warehouse, parking for 51 semitrailers and loading docks. The land is zoned for heavy industrial use, which allows major manufacturing, processing, warehousing, research and testing operations.
This is the second industrial facility planned for Greenwood that is being designed as a speculative building, allowing space for a new company to customize a shell of a building. A 670,000-square-foot distribution center is planned for 44 acres in Southpoint Business Park.
Representatives of the property owner have declined to say what company will move into the building, but they do have a business lined up to use the facility, Greenwood planning director Bill Peeples said.
The two new buildings are the first large construction projects in either business park in years, and Franklin and Johnson County don’t have similar facilities being built.
Franklin has a shell building available to be developed by a company, but the 51,360-square-foot facility is a fraction of the size of the projects planned for Greenwood.
More than half of the companies interested in relocating to the county last year wanted a building that’s move-in ready, according to Cheryl Morphew, Johnson County Development Corp. president and chief executive officer. The 470,000-square-foot building could be used for multiple tenants and provides Greenwood options to offer companies, she said. Last year, the Greenwood business parks were full, and the city didn’t have existing facilities to market, she said.
“It’s been difficult for us to get in the mix of those projects because we didn’t have the inventory,” she said.
The soonest construction can start on the smaller building is early June after the project gets required approval from the city technical review committee, as well as its land alteration and building permits, Peeples said. The building’s tenants would join companies such as Nestle Waters, Mays Chemical, bottle manufacturer Poly-Tainer, United Natural Foods, Meredith Machinery, Sign Solutions and Dunham Rubber.
The development will have parking for semitrailer rigs and 260 parking spaces for passenger vehicles, according to the plans.
The bigger building is being rushed, with the developer hoping to have construction finished by October, Peeples said. Kentucky-based Industrial Developments International is working to erect the center, with a parking lot that fits more than 500 passenger vehicles and 40 semitrailers.
The building will join Neovia Logistics Services, formerly Caterpillar Logistics, in Southpoint Business Park.
Neither Illinois-based Quadrangle Development Co., which is developing the 470,000-square-foot facility, nor Industrial Developments has confirmed what companies will use the buildings, Peeples said. He added the companies will have to notify the city how the buildings will be used when they begin remodeling the interiors.
Quadrangle is selling the 33 acres to Cabot Properties and will not own the new building, Quadrangle principal Tim Sweeney said. He declined to describe how the building will be used. Quadrangle’s previous Greenwood project was the nearly 800,000-square-foot multiple-tenant building where Arbonne is located on Commerce Parkway West Drive. The company sold the property in 2011, Sweeney said.