• What: A 50,000-square-foot speculative building for a potential industrial business is going up in Bradley County on Enterprise Drive SW off of APD-40.
• Status: Glenn Sutherland of Dillard Partnership, the building’s owner, said the structure is more than 80 percent complete, though it’s not being finished out. He said build-out would occur after a tenant or buyer is found. The development cost wasn’t announced.
• Why: Sutherland said that type of spec building, which can be expanded to 150,000 square feet by adding adjoining property, is missing in the Bradley market. “The purpose of the building was to provide a speculative building that had attributes not found in the existing inventory,” he said.
Doug Berry, the Cleveland/Bradley Chamber of Commerce vice president of economic development, said he has seen several opportunities pass on the area because its existing inventory didn’t match needs. “This building specifically addresses those criteria, making this community more competitive in the search for jobs,” he said.
• Market: Light manufacturing and warehouse companies are prospects.
• Partnership: Dillard is developing the site with the help of the Cleveland/Bradley County Industrial Development Board, note holder on the land, along with the Chamber of Commerce, which is handling marketing.
Mike Pare, the deputy Business editor at the Chattanooga Times Free Press, has worked at the paper for 27 years. In addition to editing, Mike also writes Business stories and covers Volkswagen, economic development and manufacturing in Chattanooga and the surrounding area. In the past he also has covered higher education. Mike, a native of Fort Lauderdale, Fla., received a bachelor’s degree in communications from Florida Atlantic University. he worked at the Rome News-Tribune before ...