Skip to main content

WNC Business

Blue Ridge Commerce Center coming soon

Feb 19, 2023 11:52AM ● By Randee Brown

Oppidan Investment Co., a national property development firm headquartered in Excelsior, MN, and with offices in Apex, NC, is developing the Blue Ridge Commerce Center, the first Class A speculative industrial development near Hendersonville.

Site work is underway for the Blue Ridge Commerce Center in Flat Rock. The $80 million project includes four buildings with 654,216 square feet of Class A industrial/warehouse space on 65 acres. This property sits directly on Interstate 26 with access to both Asheville and Greenville, SC.

“We are excited to bring Henderson County and the Town of Hendersonville a Class A Industrial Park. This property was prime for development and the demand drivers of the area, with its continued population growth, labor and connectivity, made it an easy decision for us to invest here,” said Tim Brent, Oppidan Executive Vice President, Southeast. 

This is Oppidan’s second industrial development in North Carolina. In May 2022, Oppidan broke ground on the $100 million Apex Commerce Center, a four-building Class A industrial development on 121 acres which is part of Oppidan’s $157.3 million, nine-property industrial pipeline with Rockpoint Group, a real estate private equity firm.

“The site work is underway, and we are on schedule for Q3 2023 delivery. The core and shell will be delivered then, and could accommodate tenants to coincide with that delivery,” Brent said. “We’ve designed very flexible buildings to be able to accommodate a wide variety of users and tenant sizes and we’re excited to bring that variety of industry, jobs and tax base to the city and county. We have seen a great deal of demand from a variety of tenant and business profiles.” 

Rockpoint Group serves as the equity partner. Omega Construction, Cooper Construction and Merriman Schmitt Architects are also included in the project. Al Williams, Matthew Greer and Jay Hill from JLL served as the brokers.

Source: Oppidan Investment Co.