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Merritt Properties Breaks Ground for North Chapel Business Center North Chapel Business Center
The groundbreaking ceremony for Merritt Properties’ new two flex/light industrial buildings, North Chapel Business Center, took place Wednesday afternoon on November 9th, 2022.
This new construction signifies a Town development vision coming into fruition, with this type of space fulfilling a current need for Chapel Hill businesses. This 19.6-acre development is part of the 60-acre Millhouse Road Enterprise Zone created through the efforts of Mayor Pam Hemminger and the Town Council in 2017. This Enterprise Zone was formed to bring new businesses to Chapel Hill and to help expand the local economy.
The project located on Millhouse Road, just west of I-40 and NC-86, will consist of two buildings totaling 116,300 square feet. Both building feature 18′ clear heights, rear-loaded docks, and drive-in capabilities which allow for businesses front patronage space in addition to an area for storage and product development. Chapel Hill’s Director of economic development and parking services, Dwight Bassett, notes “this development type is the first time in the history of Chapel Hill that the Town has approved and seen flex-space built. It greatly advances our growing community’s many real estate product needs.”
The Town is looking forwarded to how this development project will establish growth to the Chapel Hill business community. Bassett added, “the Town is excited to add flex space to our economic development offerings and market. It will support small businesses, contractors, and companies growing innovative ideas”. Mayor Pam Hemminger added “this is a great step for Chapel Hill to welcome more businesses and jobs into Chapel Hill to help diversify our economy to provide a more sustainable future.”
The construction is expected to be completed quarter two of 2023. Site and floor plans are available on the Merritt Properties project website.
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About Merritt Properties Established in 1967, Merritt Properties is a privately held commercial real estate company with over 19 million square feet of Class A office, flex, warehouse, industrial, retail and build-to-suit throughout Maryland, North Carolina, Florida and Virginia. Capabilities include leasing, property development and management, and financing. Merritt Properties is committed to “Creating Homes for Businesses” and providing the highest quality service to its customers. For more information, visit www.merrittproperties.com.
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