May 5, 2008

Triangle North Granville breaks ground

Oxford, N.C. – Triangle North Granville broke ground today on infrastructure improvements to serve the business park — one of four in the Triangle North network of parks located in Granville, Franklin, Vance and Warren counties.

Each of the parks offers the highest level of state job tax credits (Tier 1, $12,500 per job) to companies that locate in them — an affordable point of entry for companies that want to locate within the innovation-rich Research Triangle Region of North Carolina.

"The construction will open up 150 acres of land and allow it to be immediately available for purchase and building construction in 2008," said Joe Lyle, development director for Millridge Companies, developer of Triangle North Granville.

Millridge hosted the groundbreaking ceremony with Kerr-Tar Regional Economic Development Corp., owner and developer of Triangle North, and Granville County officials. Millridge is a Wake Forest-based company specializing in residential and commercial development.

Participating in the ceremonial ground breaking were: Timmy Baynes, executive director of the Kerr-Tar Regional Council of Governments, administrative agent for Triangle North; N. C. Rep. James Crawford; James Lumpkins, chairman of the Granville County Board of Commissioners; Leon Turner, executive director of Granville Economic Development Commission (EDC); Pratt Winston, chairman of the Granville EDC; Oxford Mayor Al Woodlief; Danny Wright, chairman of the Kerr-Tar Regional Economic Development Corp., owner and developer of Triangle North; and Jim Adams, Jim Goldston and Jeff Ward of Granville Park Partners/Millridge Companies.

Millridge will soon begin building roads and installing utilities to serve the first phase of the park.

"The entire business park is over 500 acres and runs for three miles along Interstate I-85 with excellent visibility from the highway," said Lyle. Approximately one mile of roadway will be constructed as well as a sewer pump station designed to handle the park and surrounding property duruing the first phase of development.

"When fully complete the Triangle North Granville will accommodate more than 1.6 million square feet of building construction and could provide more than 5,000 jobs for the region," said Lyle.

For more information on Triangle North, visit its www.trianglenorthnc.org or contact Lyle at (919) 556-5418 or jjl@millridgeco.com.