{"id":1004644347,"date":"2023-02-08T04:59:05","date_gmt":"2023-02-08T12:59:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004644347"},"modified":"2023-05-10T00:58:43","modified_gmt":"2023-05-10T08:58:43","slug":"pallidus-invests-443m-in-hq-plant-relocation","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pallidus-invests-443m-in-hq-plant-relocation\/","title":{"rendered":"Pallidus Invests $443M in HQ, Plant Relocation"},"content":{"rendered":"
\"\"<\/a>

Charlotte skyline. Image by user 1778011 via Pixabay.com<\/p><\/div>\n

Technology company Pallidus<\/strong> is relocating its corporate headquarters and manufacturing operations to a new facility in York County, S.C., leased from private equity firm Boston Andes Capital<\/strong>.<\/p>\n

Pallidus, which manufactures silicon carbide wafer semiconductors, will depart its New York headquarters for the Rock Hill, S.C., site, which is located at 1786 and 1800 Overview Drive. The 300,000-square-foot property will house both the company\u2019s corporate headquarters and its manufacturing plant. Its research and development facility will remain in New York.<\/p>\n

Pallidus is investing $443 million in the project. The Buenos Aires, Argentina-based owner acquired the property from Framingham, Mass.-based Calare Properties<\/strong> in August 2022.<\/p>\n

The relocation is expected to create 405 new jobs. The new facility, which is scheduled to come online in 2023, is located in the metropolitan area of Charlotte, N.C.<\/p>\n

Rock Hill Mayor John Gettys credited his city\u2019s utility infrastructure with helping land the investment.<\/p>\n

He noted in prepared remarks that for decades the community has invested in its utility systems with the belief that dependable and modernized utilities would entice investments. He added that Rock Hill’s foresight and commitment to attain the diamond standard recognition as a Reliable Public Power Provider has resulted in one of the most impactful economic development announcements in its history.<\/p>\n

The Charlotte area continues to be a popular destination for industrial facilities. Most recently, Crow Holdings<\/strong> announced it would develop<\/a> The Oaks Logistics Center in nearby Belmont, N.C.<\/p>\n","protected":false},"excerpt":{"rendered":"

The semiconductor maker is moving its headquarters and production facility to metro Charlotte.<\/p>\n","protected":false},"author":3154,"featured_media":1004508047,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21808,21748,21783,21742,21747],"tags":[37089,51873],"class_list":["post-1004644347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-featured","category-industrial","category-investment","category-latest","category-office","tag-boston-andes-capital","tag-pallidus"],"acf":[],"yoast_head":"\nPallidus Invests $443M in HQ, Plant Relocation - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Pallidus, which manufactures silicon carbide wafer semiconductors, will depart its New York headquarters for a new South Carolina site.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/pallidus-invests-443m-in-hq-plant-relocation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pallidus Invests $443M in HQ, Plant Relocation\" \/>\n<meta property=\"og:description\" content=\"Pallidus, which manufactures silicon carbide wafer semiconductors, will depart its New York headquarters for a new South Carolina site.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/pallidus-invests-443m-in-hq-plant-relocation\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-08T12:59:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-10T08:58:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Charlotte-N.C..png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Fotios Tsarouhis\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pallidus-invests-443m-in-hq-plant-relocation\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/pallidus-invests-443m-in-hq-plant-relocation\/\",\"name\":\"Pallidus Invests $443M in HQ, Plant Relocation - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pallidus-invests-443m-in-hq-plant-relocation\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pallidus-invests-443m-in-hq-plant-relocation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Charlotte-N.C..png\",\"datePublished\":\"2023-02-08T12:59:05+00:00\",\"dateModified\":\"2023-05-10T08:58:43+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/98b17361e75363c0b179f1a51ccb5cc8\"},\"description\":\"Pallidus, which manufactures silicon carbide wafer semiconductors, will depart its New York headquarters for a new South Carolina site.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pallidus-invests-443m-in-hq-plant-relocation\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/pallidus-invests-443m-in-hq-plant-relocation\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pallidus-invests-443m-in-hq-plant-relocation\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Charlotte-N.C..png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Charlotte-N.C..png\",\"width\":800,\"height\":620,\"caption\":\"Charlotte, N.C. 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