News

Minnesota investors to break ground on $80M warehouse project on McMurray Road

By Lightning Reports, Published: October 3, 2022

A Minnesota investment company plans to break ground this week on the Blue Ridge Commerce Center, an $80 million industrial/warehouse development made up of four buildings and 654,216 square feet of Class A space on a 65-acre site on McMurray Road.

Oppidan Investment Co., a national property development firm headquartered in Minneapolis with offices in Apex, will break ground on the project at 11:30 a.m. Thursday, Oct. 6. Construction is expected to be completed in late summer of 2023. The property sits directly on Interstate 26 with great visibility and easy access to both Asheville and Greenville, S.C.

“We are excited to bring Henderson County and the Town of Hendersonville a Class A Industrial Park," said Tim Brent, Oppidan's executive vice president Southeast. "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.”

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

Rockpoint Group serves as the equity partner. Also included in the project are Omega Construction, Cooper Construction and Merriman Schmitt Architects. Al Williams, Matthew Greer and Jay Hill from JLL served as the brokers. For more information, visit Oppidan.com.