Madison County Economic Development Authority to put spec building in Mega Site
The Madison County Economic Development Authority announced Tuesday they plan to bring a 100,000 square foot speculative building to the Madison County Mega Site in partnership with Agracel and Ergon.
MCEDA Executive Director Joey Season said they enjoy seeing the mega-site continue to grow and attract businesses.
“Madison County is ready to compete in this fast-paced market,” Deason said. “Our organization is laser-focused on enhancing the competitive edge of the Madison County Mega Site and today’s speculative building announcement is another significant step in providing unsurpassed value to prospects. MCEDA is thankful for Agron’s vision to make this building a reality.”
Owned by the newly formed Agron, LLC, the industrial shell building will initially be constructed to 100,000 square feet, with the ability to expand to 300,000 square feet. Clayton McKinnon, Regional Development Director of Agracel’s Gulf States Office, said that the building will have great flexibility to meet a project’s individual requirements. Construction is expected to commence this summer.
“Agracel is proud to partner with MCEDA and Ergon on the speculative facility,” Mckinnon said. “We have experienced great success in developing industrial facilities in Mississippi, and Madison County has long been on our radar. We cannot say enough about the tremendous team effort to bring this project to fruition. Thank you to MCEDA and Ergon for putting your trust in Agracel. We look forward to being part of Madison County’s continued growth.”
Speculative buildings have long been utilized as a tool by economic development organizations to help draw attention to a region and provide fast-track projects with an option to meet market demands quickly. Madison County Supervisors board president Karl Banks said that the speculative building within the Mega Site will provide potential prospects considering the region with a competitive existing building option to increase speed to market.
“We are immensely appreciative of this partnership on our Mega Site, and the Board of Supervisors are thankful for the confidence Agracel and Ergon have placed in our county,” Banks said. “Having an existing industrial building to the scale and scope of this property will help set Madison County apart.”
Deason said this project brings together two powerhouses in the construction and industrial development arena.
Ergon, a globally recognized Mississippi company, has a proven track record across a multitude of business segments.
“Ergon serves customers around the world, but our base of operations is in Central Mississippi. We are delighted to support our community and to play a role in opening the door for new industries to come to Madison County,” commented Kris Patrick, Ergon COO. “Agracel is well-respected, with a culture and values similar to our own, and we look forward to the opportunities this relationship will provide.”
Illinois-based Agracel has long been a leader in build-to-suit facilities as well acquisitions of industrial properties. With experience across the state of Mississippi, Agracel has built a successful portfolio of industrial properties. This unique joint venture, under the newly formed Agron, LLC, brings together the right assets to make this project a reality.
Strategically located in the southeast, the 875 acres publicly owned Madison County Mega Site is positioned perfectly to attract future investment. This shovel-ready site has full water, sewer, and gas, including a 300-megawatt triple redundancy substation on site.
The Agracel speculative building will join an Amazon fulfillment facility set to be substantially complete in August. Amazon has 69.02 acres at the Mega Site and expects to have about 1,000 jobs. Deason said in April that while anyone is waiting for the jobs to come available they can sign up for text notifications by texting MISSNOW to 77088.
Amazon fits within MCEDA’s vision to build a comprehensive marketing plan to help promote Madison County to key target markets like Amazon since the metro is sort of a crossroads between Dallas and Atlanta, Deason has said.
Madison County’s recruitment efforts focus on the advanced manufacturing, warehouse and distribution and data center sectors, a strategy Deason brought with him and his implemented.
With their 69 acres, Amazon is the initial tenant for the site.
Late last October, MCEDA and County officials announced the purchase of 520 acres within the Megasite.
This purchase brought the total acreage under Madison County’s control to 900 acres.
MCEDA has been working closely with Entergy Mississippi to put in a $60 million substation that could provide upwards of 80 megawatts to service the Megasite.
A megawatt of capacity will produce electricity that equates to about the same amount of electricity consumed by 400 to 900 homes in a year.