Lenovo Signs 520K-SF Greensboro-Area Lease

Mapletree Investments signed a lease for the Group’s 520,583-square-foot industrial facility at 6550 Judge Adams Road in Whitsett, North Carolina, just east of Greensboro. Lenovo will use the site to manufacture servers for data centers, while continuing operations at its nearby fulfillment center. The company is expected to spend $77 million on the venture.

Situated within Rock Creek Center – a 1,400-acre, master-planned industrial park – the facility includes 509,393 square feet of warehouse space and an 11,190-square-foot office. With convenient access to I-40 and I-85, the property is situated just 13 miles from Greensboro in the Triad region,.  

In September, the Guilford County Board of Commissioners unanimously approved a $1.1 million economic incentives package for Lenovo’s expansion at 6550 Judge Adams Road. The package is expected to create 420 new jobs, nearly doubling Lenovo’s current workforce of about 500 at its existing facility.

Greg Wilson of CBRE represented Mapletree in the transaction, while Jason High and Dodson Schenck of CBRE represented Lenovo. 

The post Lenovo Signs 520K-SF Greensboro-Area Lease appeared first on Connect CRE.