NorthPoint Development Celebrates Milestone Achievement with Ribbon Cutting Ceremony for Park 4077 in Statesville
NorthPoint Development proudly marked a significant milestone in its journey with the ribbon-cutting ceremony held for its development, Park 4077. The event celebrated the completion of 585,880 square feet of premium industrial space, of which an impressive 70% of the building is occupied and operational.
Park 4077 stands as a testament to NorthPoint Development’s commitment to fostering economic growth and creating employment opportunities. This $51 million venture has emerged as a key destination for industry leaders such as Art Guild of Philadelphia and NanoXplore, while also setting a new standard for innovative, state-of-the-art facilities at the crossroads of Interstates 77 and 40. “The product brings the projects,” said Commissioner Melissa Neader, “What I’m seeing here is living wages and the heart of these projects are the people coordinating, building and recruiting in Iredell County.”
Building 4, located at 136 Odessa Drive, offers businesses a strategic location with exceptional access to unparalleled accessibility to major interstate, and air infrastructure. Exceptional reach to major US markets, with a large portion of the East Coast and Midwest accessible within a one-day truck drive.
“You need the right kind of development and Park 4077 is absolutely the right kind of development for Statesville,” said Senator Sawyer.
The event saw esteemed speakers, including Senator Vickie Sawyer, Mayor Doug Hendrix, and Commissioner Melissa Neader, highlighting the impact and significance of the Park 4077’s growth on the economic landscape of Statesville. Park 4077 is a large-scale development capable of supporting up to 3.8 million square feet across six buildings. “NorthPoint’s Park 4077 reflects a strong commitment to Statesville’s future,” said Mayor Doug Hendrix. “This investment represents confidence in our city and the value of strong public-private partnerships.”
With this project, NorthPoint Development remains well positioned to expand its footprint and reinforce its role as a regional economic driver. Building 4 exemplifies this commitment, representing a $51 million investment expected to generate approximately 400 construction and operational jobs for Statesville, further strengthening the region’s economic growth and vitality.
About NorthPoint Development
Established in 2012, NorthPoint Development is a privately held real estate operating company specializing in developing, leasing, and managing Class A industrial and multi-family properties. We invest alongside our partners through various fund and venture structures to develop industrial and multi-family assets. We differentiate ourselves with a data-driven approach to site acquisitions and a high level of technical expertise in engineering, architecture, and construction. Through our in-house suite of services, NorthPoint can provide end-to-end expertise, leading to expedited solutions. Today, the company is part of a network of eleven companies with a logistics focus and an emphasis on a factory-to-front-door approach. We’ve developed and managed over 153.5 million square feet of industrial space. It’s estimated that our developments have created more than 111,000 jobs and supported more than 440 industrial clients across the United States. We continue to operate with an entrepreneurial spirit guided by our Core Values, enabling us to deliver exceptional results for our team members, clients, and communities.
Visit beyondthecontract.com or follow @NorthPointDev to learn more.
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