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Fourth shell building in Monroe ready for industrial occupant

27 July 2017

By Ken Elkins, Charlotte Business Journal

The first three shell industrial buildings worked so well for the city of Monroe that it has built a fourth.

It’s 109,000 square feet and, like the other three buildings, is located in Monroe Corporate Center near the Charlotte-Monroe Executive Airport.

Monroe Union County Economic Development hosted about 50 local officials and suppliers to a ribbon-cutting ceremony at the building Thursday morning.

“Today is a celebration of collaboration,” says Chris Platé, the agency’s executive director. He’s speaking about how city departments, suppliers, clients and others came together to build the collection speculative buildings.

The three previous buildings have brought $150 million in investment and $20 million in annual payroll to the Monroe business park.

Building IV is the largest of four shell buildings that Monroe has erected during the last 17 years. The previous three have all brought international companies to Monroe Corporate Center.

Greiner Bio-One moved into the first speculative building in 2000 and now employs 300 in an expanded $60 million facility.

Record USA took the second in 2004 and now has 50 employees in a $10 million structure.

And finally, Glenmark Pharmaceuticals employs 100 in a $50 million building that it first occupied in 2015.

The latest shell building was constructed by Samet Corp., and Platé says the structure was the “easiest so far” to building among the shell facilities.

An occupant for the new building hasn’t been found, but Platé says one potential customer has visited. And his staff has suggested the building to four or five others who are looking for industrial space.

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