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Third Time’s A Charm for The Keith Corporation in the Lincoln County Industrial Park

August 25, 2005

The Keith Corporation announced today it will develop a 105,137 square foot speculative manufacturing and distribution facility in the Lincoln County Industrial Park. Designed with attractive glass wall systems on two corners, the building has been oriented to capture a commanding presence on US Highway 321. Other features include 30’ clear height, 50’ x 50’ column spacing, expansion potential to 180,137 sq. ft., and the potential for cross-docking and two-story offices.

“All factors considered, this is perhaps the best industrial site in the Charlotte region for a project of this size. With the Lincoln County Industrial Park’s successful track record over the last five years and our confidence in the leadership of Lincoln County and the Lincoln Economic Development Association, investing in this latest speculative venture just felt like the right thing to do,” commented Alan Lewis, Industrial Development Partner with The Keith Corporation.

Merriman Schmitt/Architects, Inc. is the project architect, and Choate Construction is the general contractor. Construction will begin in September and be completed in March 2006. Depending on the tenant’s final specifications, The Keith Corporation expects to invest between $3.8 to $4.4 million in the project.

Identified as Shell Building IV, the facility will be constructed on a 20 acre site that fronts on US Highway 321. The building will be located on Progress Drive beside R.W. Garcia Co. Inc., a manufacturer of all natural tortilla chips.

The Keith Corporation has experienced tremendous success in the Lincoln County Industrial Park. R.W. Garcia announced it would occupy The Keith Corporation’s first 60,650 sq. ft. shell building in the park before the foundations were poured. Lucky-Country, an Australian licorice manufacturer announced it would occupy The Keith Corporation’s second 60,650 sq. ft. shell building soon after the facility was completed. In addition, The Keith Corporation has developed over 1,275,000 sq. ft. in four build-to-suit projects. With the addition of Shell Building IV, Lincoln County Industrial Park will have four projects under construction in September totaling nearly 700,000 sq. ft.

The Keith Corporation has also designed and permitted a third 60,650 sq. ft. shell building on a 9.5 acre site at the front entrance to the park, and they are considering the viability of a smaller shell building on a 5 acre site next to the 220,000 sq. ft. build-to-suit project for B. R. Lee Industries currently under development. “It’s always good to have at least one on the shelf that you can develop quickly,” commented Alan Lewis.

Lincoln Economic Development Association Executive Director Barry Matherly is happy to see the partnership with The Keith Corporation continue. “I am pleased that The Keith Corporation has decided that their third shell building will be the biggest yet. It shows an ever increasing commitment to this thriving park.”