Charlotte company announces $35M commercial park in Kannapolis

Published 12:00 am Tuesday, December 1, 2009

KANNAPOLIS ó A Charlotte company plans to break ground next year on a $35 million commercial and retail park in Kannapolis that it hopes to connect to the N.C. Research Campus.
The 32-acre Research Commerce Park will be developed by DPE Investments at the southwest corner of the Lane Street interchange with Interstate-85, Exit 63, according to a press release.
Plans for the park include a dozen parcels for commercial use, including five outparcels for retail development and two hotel sites. When built out in three to four years, company officials say, the site will include 275,000 square feet of mixed commercial space.
The anchor tenant will be a hotel and conference center at the corner of the interchange. Other possible tenants include a retail pharmacy, a convenience store and office buildings.
“This property was acquired so that it would become the gateway to the North Carolina Research Campus,” said Doug Ehmann of DPE Investments. “It is the best supplemental ground to the Research Campus based on proximity and accessibility. Exit 63 is a gateway and the most direct entry into the campus from the interstate.”