Johnston Flex LLC To Invest $20 Million In Clayton Flex Space
JOHNSTON COUNTY – Johnston Flex LLC, a Charlotte-based commercial real estate investment and development firm, will build 42 West Business Park – a 125,000 square-foot Class-A Flex Space Facility in close proximity to the Interstate 40 and Future Interstate 42 interchange in Clayton. The company’s $20 million investment will add to Johnston County’s growing 1.4 million square-feet of Class A industrial space that has been announced or under construction per a recent media reports.
At just over 125,000 square-feet, Johnston Flex LLC reports that the 42 West Business Park facility could employ as many as 100 workers after it becomes operational in the 3rd quarter of 2023. From market impact analysis reports, the facility could add nearly $20 million to the County’s annual gross domestic product (GDP). The facility is expected to generate over $150,000 in yearly tax revenue to the County.
“We continue to see steady, shared growth throughout Johnston County as we look forward to the development of the 42 West Business Park facilty,” said R.S. “Butch” Lawter Jr., chairman of the Johnston County Board of Commissioners. “With larger advance manufacturing projects announced here in Johnston County and around the Triangle Region, this unique flex space opportunity will help expand the County’s economic footprint, create more local small business ancillary job opportunities and bolster growth along the I-40 and I-42 corridor.”
42 West Business Park is a flex/light industrial development located on ±15 acres and will consist of two, single-story flex buildings totaling ±125,000 sq. ft. Building 1 will include ±25,000 sq. ft. and Building 2 will include ±100,000 sq. ft. Each building will have ample parking and loading options. With visibility along Highway 42 West outside of Clayton in Johnston County, the facility is just 17 miles from Downtown Raleigh and 33 Miles from Raleigh-Durham International Airport.
“It’s vital that we continue maintaining a diverse inventory of quality, ready-to-go industrial real estate in Johnston County,” said Randy Jones, chairman of the Johnston County Economic Development Advisory Board. “This project takes advantage of the great visibility we get from I-40, which is one of our greatest economic assets, as well as our network of leading private development partners.”
Supply-chain adjustments in the wake of the Covid-19 pandemic have placed a premium on high-quality distribution and industrial centers. 42 West Business Park is being marketed by CBRE – Raleigh.
“This project brings additional industrial diversification and opportunity to Johnston County’s economy and labor market,” said Chris Johnson, director of the Johnston County Economic Development Office. “It’s exciting to see high-quality development and an area that is poised for continued success as businesses reconsider supply chains and look to build sustainable links to consumers now that the pandemic is behind us. “
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