The county also announced that a manufacturing tenant signed a lease in the new tract.
The land will add to the footprint of the adjacent Sussex County Industrial Park. The purchase allows the county to expand its leasable space offerings for future tenants. The current park hosts 20 businesses that employ 900 people.
County Administrator Todd F. Lawson said the purchase, at the cost of $2.2 million, will add more than 30 acres of new leasable commercial/industrial space within the county.
It is the most significant addition to the County’s 175-acre industrial park since it was initially laid out within the Delaware Coastal Airport complex in the early 1970s.
“This is more than just adding acreage – this is an expansion of economic development opportunities for businesses and the economy here in Sussex County,” said Lawson, noting the park already provides convenient access to air, rail and ground transportation. ‘We’re excited to be able to grow the park and provide a base of operations for new businesses that want to employ our residents, to make a quality product and call Sussex County home.”
The land was originally scheduled to be developed by another owner, but when that project stalled the county stepped in to purchase the parcel and infrastructure already built.
The deal was completed in mid-February, and the county has landed its first future tenant, Atlantis Industries of Milton. Atlantis has already broken ground on their new site and plans to set up manufacturing operations in the newly expanded portion of the park, as early as this summer, Lawson said.
As many as a dozen lots of varying sizes could be carved out within the new addition. It will take approximately 10 months to a year for the County to make necessary improvements, including the installation of streets, drainage, natural gas, fiber communications, water and wastewater infrastructure, for the addition to be fully marketable.
However, work will be performed in phases.
Atlantis Industries President Thad Schippereit said he is excited to relocate his precision injection molding and custom tool-making business to a larger space within the park and be part of a larger manufacturing community.
Atlantis plans to construct a 40,000-square-foot building within the park, and has already paid the county $500,000 to the lease the property for the next 99 years. With its relocation and expansion, Atlantis will have all its operations under one roof and plans to add 20 to 25 jobs in the coming years.
“We are excited to be relocating our Atlantis Industries business to the Sussex County Industrial Park in Georgetown in 2017. This new location will support our current growth plans, and will provide opportunities for further expansion of our business in the future,” Mr. Schippereit said. “We are appreciative of the efforts by the County Administration to help make this relocation possible for us.”
County Council President Michael H. Vincent said the purchase and signing of the first tenant is great news for businesses, the economy, and, most of all, local taxpayers.
“Any time you have a chance to spur job creation, I think that’s a good thing,” Vincent said. “One of the County’s roles is to promote economic development, and this purchase does that. It gives companies great access to markets from an affordable place to do business. It gives our residents new employment opportunities with the businesses that set up there. And it represents a continuing return on investment for the taxpayers by having businesses leasing space from the county year after year.”x