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PRINCE GEORGE, Virginia., February 18, 2021 / PRNewswire / – The Hollingsworth Companies have pre-classified the site and are starting construction of a 650,250 square foot speculative building in the Southpoint Business Park located in Prince George County. It will be the 12the and the 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 investment.

With this new facility, Southpoint Business Park will have 1,600,000 square feet of industrial space suitable for high-growth manufacturing and distribution businesses located along I-295, just minutes from I-85 and I-95. The specification building will be a concrete tilting wall with 40 feet of headroom, 60 feet by 60 feet column spacing, 142 dock doors and 177 trailer drops.

Although there are “build to measure” projects in Virginia exceeding 1,000,000 square feet, it will be the largest speculative building on the market. Speculative buildings are developed to provide immediate occupancy and attract large site selection projects. Since the building will be completed with improvements, target customers can take possession in less than 60 days, compared to custom construction projects which can take up to two years for land acquisition, site work. and the construction of buildings.

“We are extremely excited to be building this new speculative development in the Southpoint Business Park. Buildings of this caliber will quickly attract industrial prospects and provide immediate support to the local and regional economy, thereby increasing prosperity, ”explains Keith boswell, President and CEO of that of Virginia Gateway Regional Economic Development Organization (VGR). “This latest 650,250 square foot Hollingsworth building in Prince George County will translate into a business that will create additional jobs and investment, an increased tax base, and drive the region’s prosperity, while giving us another tool to help us in our continued efforts to diversify our economy and to help anyone in the front door region who wants a job, can get one. “

“We appreciate that Hollingsworth has responded to the demand for industrial facilities necessary to expand our community now and on the horizon,” Boswell concluded.

Joe hollingsworth, CEO of The Hollingsworth Companies, said: “Despite the economic pressure from COVID-19, we are very optimistic about the Richmond metropolitan statistical area, and more specifically the region of the gateway and Prince George County markets. We have been successful in growing our business on the belief that American manufacturing will continue to thrive, and the Southeastern United States will lead this growth. He went on to say, “I want to thank the community for being willing to invest time, effort and money to become a true partner in the success of this park. I have no doubts that the next eight years will be the best economic times of our lives, ”Hollingsworth said.

About the Hollingsworth Companies

The Hollingsworth Companies is the largest non-urban industrial real estate developer and construction company in the Southeastern United States with 125 tenants and 18 million square feet of industrial space in 17 states. The Hollingsworth Companies has facilities located in Alabama, Georgia, Mississippi, North Carolina, Caroline from the south, Tennessee and Virginia. For more information on Hollingsworth companies, contact Tom mann, Senior Vice President of Industrial Real Estate by phone or email.

On that of Virginia Gateway region

that of Virginia Gateway Region is the regional economic development organization that markets the cities of Colonial Heights, Hopewell and Petersburg, and the counties of Dinwiddie, Prince george, Surry and Sussex. VGR focuses its efforts on new and existing business investments and job creation.

Press contact:

Tom mann
865-719-6884
[email protected]

Jill vaughan
804-363-7175
[email protected]

SOURCE Hollingsworth Companies