Concord Business Park Welcomes Second August Addition

OILES Corporation of Japan subsidiary OILES America Corporation has announced completing its newest expansion at the Concord, N.C. corporate headquarters.

OILES Corporation of Japan subsidiary OILES America Corporation has announced the completion of its newest expansion at its Concord, N.C. corporate headquarters.

The third expansion of the company since the American subsidiary moved its corporate headquarters to Concord’s International Business Park in 1990, it has added 48,000 square feet to the OILES onsite manufacturing facility. Expansion work included increasing development and research facilities, the addition of truck docks and parking spaces as well as renovating existing office and warehouse space. Energy efficiency was also improved with the addition of skylights and various sensors. Solar energy harvesting is being considered for the future.

Expansion costs are expected to reach approximately $6 million and will include equipment and machinery. The larger facility will also mean additional employment opportunities—an estimated minimum of 30 new jobs will be created.

Concord-based BJW Architecture, CESI Land Development Services and CM Black Construction worked together on realizing the expansion, along with The Nolim Group, owner of the International Business Park.

Prep work on the project started three years ago with actual onsite work kicking off in August 2012. According to a report by the Charlotte Business Journal, this addition has increased OILES’ total space in Concord to 129,000 square feet, while its employee roster will grow to at least 180.

The OILES expansion isn’t the only recent addition to the 500-acre International Business Park. Earlier this month, an 88,527-square-foot Class A speculative industrial building was inaugurated, reported Cabarrus Magazine. Located at 4541 Enterprise Drive, the asset was developed by 390 Business Boulevard, LLC, a joint venture between The Nolim Group, CM Black Construction Company and CESI Land Development, entities that also collaborated on the OILES expansion. The asset features side loading and the potential for LEED certification. It is scalable, with the ability to add office space and to expand to 141,000 square feet.

Click here for further Charlotte market data

Image credit:  BJW Architecture

Chart courtesy of Colliers International