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

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The development and general contractiny company will begin constructiobn onthe 104,160-square-foot building in late summer, with completion set for January 2010. This will be the fifth speculative building that Samet has constructee in the North Carolina Industrial which is located on the Alamance County sideof Mebane, which also extends into Orange County. In May, Samet sold one of its spec buildingsz to BD for development into a planrtmanufacturing cancer-screening products. Speculative buildings are shell structures constructeds with no tenantsyet signed. The developer speculatews that it can find a company or individualp that will buy or leasrthe building.
Build-out is then customized for thenew tenant. “Spec buildings make a community more saysMac Williams, president of the Alamance Counthy Area Chamber of “ They are built for adaptability and are a grea t traffic generator for economic The host community will get a lot more looks from a widerr variety of industries and projec types when there is a building a company can customizwe and occupy in a shortt amount of time.” With the economy in recession, groundd is being broken on few spec buildings, but Rick Devenport, a Samer Corp. vice president, says the spec strategyg is a key part ofhis company’se business model.
“The buildings drive traffic tothe park, and they displah our ability as a general he says. “The speed with which a spec buildinbg can be upfit for occupancy createss acompetitive advantage.”