News

Carolina Tradeport with $12.8 million expansion

September 7, 2018

Griffin plans to add two new buildings to its recently rebranded Carolina Tradeport development in Concord, which currently consists of a 100 percent leased, 277,000-square-foot warehouse located at the intersection of Poplar Tent Road and International Drive. The two new buildings at Carolina Tradeport are expected to generate approximately $12.8 million in new investment by Griffin. Michael Gamzon, President and CEO of Griffin commented, “After the successful lease-up of 215 International Drive, which we purchased last year, we are pleased to further expand our portfolio in Cabarrus County with the construction of two additional buildings at Carolina Tradeport. Carolina Tradeport is well-located in the fast-growing Cabarrus County/Concord market and has excellent access to I-85. The new buildings will feature Class A construction with 32-foot clear-heights, flexible designs, generous truck courts and ample parking. We thank Cabarrus County and the City of Concord for providing tax incentives to support the further development of Carolina Tradeport on speculation and believe this project will attract a wide variety of tenants to the region.” “We’re happy to welcome Griffin Industrial Realty as they move forward with a valuable investment in our community, said Concord Mayor Bill Dusch. As Concord continues to grow, it’s important for us to support industrial product development that attracts quality employers and contributes to a broader tax base.”

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