Construction is underway for the Argon Madison County Specs Building that will make the county a more desirable location for businesses.
The building’s name comes from a partnership between Agrocells, an industrial builder, and local Ergon’s construction arm named Alliance Construction. The two companies are working together to build the new specs building with Madison County Economic Development Authority (MCEDA) as a partner. The building is located in the Madison County Megasite, where the Amazon warehouse is also located.
“The companies that are considering locating in Madison County need a warehouse or a manufacturing building today,” MCEDA COO Lauren Scheel said. “If we already have a building that has the necessities, they can finish it out to their specifications. The spec building does just that.”
Scheel said the project timeline for companies is getting shorter and shorter, and the building will help move a company into the area in less time. By having the structure already built with essentials but not completely built out, it significantly decreases the time needed for construction while allowing for the specifications a specific company may need. This will help Madison County be the more attractive choice when compared to other areas in the southeast part of the country.
“The building is intended to help anybody interested in locating to the megasite where a building is already built,” Scheel said.
Even the size of the building can be negotiated by the company that moves into the building. Scheel said they will start it out at 100,000 square feet, but the building will be expandable to 300,000 square feet.
“If we are working on a project and a client needs 200,000 square feet, they can expand it,” Scheel said. “It helps us with working projects, and it makes us more competitive, especially at the megasite.”
Scheel said other large selling points of the megasite are that all the utilities are already in place, and Entergy is building a large substation as well. The building is anticipated to be ready in the summer of 2022 and will be offered for sale or for lease.
“The megasite is a unique aspect to our region, and we’ve seen a lot of projects come in recently,” Scheel said. “I think the addition and the announcement of the spec building is only going to increase the project productivity.”
While this is the first building project of its kind in the megasite, Scheel said the door is definitely open to doing more after this first project is complete and has a tenant. Nothing is concrete at the moment, but they will be looking into doing another upon its completion.
“We are excited about the activity and the potential it holds,” Scheels said.