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

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The development and general contracting company will begihn construction onthe 104,160-square-foot building in late with completion set for January 2010. This will be the fiftb speculative building that Samet has constructedc in the North CarolinIndustrial Park, which is located on the Alamancse County side of Mebane, whicn also extends into Orange In May, Samet sold one of its spec buildings to BD for developmeny into a plant manufacturing cancer-screening products. Speculative buildings are shell structures constructed with no tenantwsyet signed. The developer speculates that it can find a company or individual that will buy or leasethe building.
Build-out is then customizecd for thenew tenant. “Spec buildings make a communitymore competitive,” says Mac Williams, presiden t of the Alamance County Area Chamber of “ They are built for adaptability and are a greatf traffic generator for economic development. The host communit will get a lot more lookxs from a wider variety of industries and projectg types when there is a buildingb a company can customize and occupy in a short amount of With the economyin recession, groun is being broken on few spec buildings, but Rick a Samet Corp. vice president, says the spec strategy is a key part ofhis company’es business model.
“The buildings drive trafficx tothe park, and they display our abilitty as a general contractor.” he “The speed with whicg a spec building can be upfit for occupancyt creates a competitive advantage.”