A Charlotte-based financial advisory company broke ground on its new home Thursday in Fort Mill, S.C., where it plans to relocate about 1,000 workers and expand.
The company, LPL Financial, is one of two that announced last year they will move to the Kingsley Park development, off Interstate 77 across from Baxter Village. Lash Group is also relocating about 1,200 Charlotte employees to Kingsley Park and building a new headquarters building.
“This is probably the most beautiful mud I’ve ever seen, because when we look next year this will be a fantastic building,” S.C. Gov. Nikki Haley said, looking at the churned-up red dirt of the cleared site, about 17 miles south of uptown Charlotte.
The companies were lured across the state line in part with incentives that North Carolina couldn’t match. South Carolina gave both the Lash Group and LPL $2 million to help prepare their sites in Fort Mill, as well as future tax credits based on how many employees they hire.
LPL’s site is adjacent to the Anne Springs Close Greenway, on land owned by the Close family. LPL chief executive Mark Casady said that location, combined with the soon-to-be-built Kingsley Town Center mixed-use development, helped LPL choose Fort Mill.
“It’s a beautiful site,” Casady said. “It’s a wonderful place for employees to come ... and also be able to get outside and walk on the greenway.”
He said the company, which also has offices in San Diego and Boston, will be using Fort Mill as the location for all of its future growth, adding 2,000 more employees in the next several years.
LPL’s new campus
Total area: 28 acres
Square footage: 450,000 square feet split between two buildings
Completion: Fall 2016
Eventual total employment: Up to 3,000 workers