Houston, TX, April 12, 2017 --(PR.com
)-- Levcor, Inc. is pleased to announce the purchase of 20 acres for the development of a 150,000 SF retail shopping center. The project, Huffman Mill Commons, is located in Burlington, North Carolina, which is directly between two of North Carolina’s key metro regions – the Piedmont Triad (Winston-Salem, Greensboro, High Point) and Research Triangle (Durham, Raleigh and Chapel Hill). Combined, these two areas have a population of over 3mm people. The project will be anchored by Academy Sports + Outdoors, which is scheduled for a Fall 2017 delivery. The remainder of the project is expected to be delivered by 2018. Huffman Mill Commons is located in Burlington's main retail corridor, right off of Huffman Mill Rd and with immediate access to I-40, the major thoroughfare connecting the Triad and Research Triangle. Traffic counts in the area are robust, with Huffman Mill Rd seeing 30,000 cars per day and I-40 119,000.
Since its founding in 1980, LEVCOR has expanded from its Houston roots into the broader Southwest. Over these 35+ years, the company has built its business by fostering cooperative relationships with its partners and tenants. The leadership team has the discretion to move aggressively when opportunity emerges, and the patience to let its properties mature. These qualities position the company well to capitalize on emerging trends in real estate development.