Development

Beacon Partners starts work on second spec industrial building

Beacon Partners said Monday that it has started construction on a second, speculative industrial building at the RiverOaks Corporate Park in Concord.

The development, located at located at the corner of Poplar Tent and Derita roads near Concord Regional Airport, is planned to total 1.4 million square feet of manufacturing and logistics space. The second building under construction, which is 309,536 square feet, is scheduled for completion in the second quarter.

There are now 453,000 square feet worth of space under construction or built at the development. Beacon said that it is accelerating its plans for developing the rest of the site, including grading the three remaining building locations, which total 82 acres.

Choate Construction is the general contractor, with with Merriman Schmitt as the architect, and ColeJenest & Stone providing civil engineering services. Wells Fargo is financing the construction.

Charlotte-based Beacon has other projects underway, including 500 East Morehead, a seven-story office building near uptown.

Ely Portillo: 704-358-5041, @ESPortillo

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