Jackson-Shaw Plans Four-Building Industrial Complex at Mooresville Site
By Cooper Metts – Staff Writer, Charlotte Business Journal
A Texas-based developer will continue to build out its industrial pipeline in the Charlotte area.
Jackson-Shaw plans to build a roughly 885,000-square-foot industrial project in Mooresville, according to the town’s planning board records.
The planning board recommended approval of annexation and rezoning requests for the project at its meeting yesterday. Jackson-Shaw agreed to a condition that prohibited data center use on the property. The item must receive final approval by the Mooresville Board of Commissioners.
LKN Crossing will be on a 135.2-acre site along Interstate 77 and Barfield Road. It will have four industrial buildings ranging in size from 123,000 to 315,000 square feet. The buildings will be able to accommodate a variety of users. CBRE’s Anne Johnson and Alek Salfia will handle leasing at LKN Crossing.
“We’re bullish on Charlotte and the Carolinas,” Beadle said. “We think there’s a good bit of pent-up demand for product like this in this location, but it’s a high-barrier-to-entry area. It’s tough to find suitable sites.”
This site was appealing to Jackson-Shaw because of vacancy rates in Iredell County and Mooresville, the developer said.
The county has a vacancy rate of 2.7%, according to CBRE’s first-quarter market report. Union County and Lancaster County were the only submarkets in the report with lower vacancy rates.
The Dallas-based developer also liked the Mooresville site’s proximity to I-77.
Beadle anticipates the Mooresville Board of Commissioners will consider the annexation and rezoning requests for final approval at its May 18 meeting. Jackson-Shaw does not currently own the land but plans to purchase the property this summer after receiving annexation approval.
The developer hopes to break ground on the project before Labor Day and complete it in the first quarter of 2028. LKN Crossing will take about 18 months to build.
Intercon Building Co. is the general contractor for the project, and Steve Schmitt of Merriman Schmitt Architects is the architect.
Compatriot Capital is the project’s equity partner, and Jackson Shaw is actively pursuing construction financing. It plans to make a decision on construction financing in the next few weeks.
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