Bosch Breaks Ground on Charlotte-Area Facility Expansion
The manufacturer invested $130 million in the project.
Bosch is expanding its manufacturing facility in Lincolnton, N.C., by 325,000 square feet. Graycor Construction Co., serving as general contractor, has broken ground on the new industrial building that will house manufacturing as well as logistics and warehousing space. The project is expected to take 24 months.
Bosch has invested $130 million into the facility expansion, which could generate up to 400 new jobs in Lincoln County. The firm worked with the North Carolina Department of Commerce, the Economic Development Partnership of North Carolina and other state and city agencies to expedite the project.
Bosch’s expansion qualifies for a Job Development Investment Grant that was approved by the state’s Economic Investment Committee. The grant allows for the potential reimbursement of more than $2.7 million spread throughout 12 years as the project is expected to grow the state’s economy by more than $1 billion.
A very active general contractor
Beyond its project with Bosch, Graycor has worked on similar developments in North Carolina, including the 324,480-square-foot expansion of Pactiv’s existing 24/7 manufacturing facility in Huntersville. The company more than doubled the factory’s space, which now includes 35 more loading docks and 3,000 square feet of office space.
Graycor has been constructing other industrial projects across the U.S. as well. In March, the company broke ground on a 1.5 million-square-foot complex in Waddell, Ariz., being developed by IndiCap and Invesco Real Estate.
Also in Arizona, Graycor is building a 3.8 million-square-foot campus adjacent to the Phoenix-Mesa Gateway Airport. When complete, the mixed-use property will total 1.3 million square feet of aeronautical and 2.2 million square feet of non-aeronautical space, as well as 270,000 square feet of office and retail space.