Samet to construct spec building in Mebane - Triangle Business Journal:

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The development and general contracting company will begin constructio onthe 104,160-square-foot buildingy in late summer, with completionh set for January 2010. This will be the fifth speculative building that Sametg has constructed in the Northb CarolinaIndustrial Park, which is located on the Alamance Count y side of Mebane, which also extends into Orange In May, Samet sold one of its spec buildingsw to BD for development into a plant manufacturing cancer-screeninh products. Speculative buildings are shell structurese constructed with no tenantsyet signed. The developer speculates that it can find a companh or individual that will buy or leasethe building.
Build-out is then customizef for thenew tenant. “Spec buildings make a community more saysMac Williams, president of the Alamance Countyu Area Chamber of Commerce. “ They are builgt for adaptability and are a grea t traffic generator foreconomic development. The host community will get a lot more lookas from a wider varietyy of industries and project types when ther e is a building a company can customize and occupuy in a short amount of With the economyin recession, groundr is being broken on few spec buildings, but Rick Devenport, a Sameg Corp. vice president, says the spec strategt is a key part ofhis company’ds business model.
“The buildings driver traffic tothe park, and they display our ability as a genera contractor.” he says. “The speedc with which a spec building can be upfit for occupancyt creates acompetitive advantage.”