AmesburyTruth Statesville Manufacturing Plant

Completion Date: August 2017
Size: 240,000 SF
Location: Statesville, NC
Type of Project: Industrial, Manufacturing, Distribution
Ryan Responsibility: Development, Architecture + Engineering, Construction, Capital Markets

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The Statesville project was Ryan’s second build-to-suit with AmesburyTruth as part of “Project Nike,” their company-wide initiative to consolidate their real estate footprint, streamline operations and create strategically located, vertically integrated manufacturing and distribution “centers of excellence.” Ryan worked closely with AmesburyTruth through the design process to customize their exact manufacturing flow, distribution needs and office arrangement, aligning each with their operational and financial goals for the project.

As Project Nike was a national initiative, it was also important for AmesburyTruth to retain their working capital. Therefore, Ryan was able to provide a solution to purchase the land, own the facilities and lease them back to AmesburyTruth to ensure they kept their capital invested in their business, and not tied up in the real estate. Ryan worked closely with the City of Statesville and Iredell County to facilitate a competitive incentives package in the form of tax abatements and infrastructure improvements to ensure AmesburyTruth would continue operating and investing in the community.

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