Hope for Franklin industrial parkPublished 11:00am Saturday, February 23, 2013
It’s good to hear that Franklin’s Pretlow Industrial Park is getting noticed, and we can thank City Council.
Council in July entered into a three-year contract with Hollingsworth, a real estate developer, to market the 173-acre park off Pretlow Street and Route 58.
To date, the park has one tenant. That tenant — Money Mailer — is closing next month.
Hollingsworth will charge the city $18,000 annually, with Franklin Southampton Economic Development Inc. picking up the tab for the first year. A worthwhile gamble.
Amanda Jarratt, president and chief executive officer of FSEDI, says the park is getting some “attention.”
A company like Hollingsworth is in the business of attracting developers. It knows what works in the current market and what does not, and has a proven track record.
Hollingsworth has a similar partnership at the Southpoint Business Park in Prince George County. That project in the last 15 years generated in $1 billion in capital investment and close to 1,000 jobs.
Hollingsworth also has a database of more than 13,000 contacts in addition to commercial real estate brokerage firms it works with.
So let’s hope for the best.