January 23, 2020

Marlboro Development Team, Inc. partners with Composite Tooling manufacturer on new production facility in Satesville, NC

Spartanburg, SC – January 23, 2020 – Marlboro Development Team, Inc. (MDT) is pleased to announce the commencement of a long-term lease for a 40,000 square foot manufacturing facility with Symmetrix Composite Tooling (Symmetrix). The facility, located at 860 Connor Street in Statesville, NC, was acquired and rehabilitated by MDT prior to occupancy by Symmetrix.

Symmetrix, headquartered in Bristol, RI, will utilize the location for the machining and fabrication of composite molds, patterns, and plugs for various clients throughout the industries of alternative energy, marine, aerospace, transportation, and art & architecture. The facility was identified by Symmetrix and their brokerage representatives at Colliers International due to its significant manufacturing infrastructure, modern facility attributes, and strategic location near I-77 & I-40.

“We couldn’t be happier with the outcome of our search for manufacturing space in the Charlotte region,” said John Barnitt, President of Symmetrix Composite Tooling. “Don Moss and Grant Miller at Colliers were excellent at focusing on our needs when identifying potential properties and then introducing us to the team at Marlboro Development where Kyle Edney put together a very favorable package to get us into the building.” “Marlboro’s Construction Manager, Bill Keener, put the place in top condition and we are off and running.”

Colliers International Charlotte was pleased to work with Symmetrix and Marlboro Development Team (MDT) on this requirement. Symmetrix had a very unique real estate requirement and Colliers was able to find a building for sale only. In partnering with MDT, together we were able to construct a situation where Symmetrix was able to achieve their short-term goals of getting into the “right” building quickly with enough room in the building for immediate expansion.

“MDT is excited to partner with Symmetrix in their continued growth to service their customers,” says Kyle Edney, Executive Vice President of Marlboro Development Team. “It has been a pleasure to get to know and work with the leadership team at Symmetrix, and they had true professionals at Colliers representing them on their real estate search.”

Symmetrix is now accepting employment applications for Multi-axis CNC programmers and large format milling machine operators, as well as composite manufacturing technicians for the Statesville facility. Interested parties can contact them on their website at www.symmetrixcomposites.com/careers/.

About Symmetrix Composite Tooling
Symmetrix Composite Tooling, Inc. is a multi-axis digital fabricator specializing in composites and serving progressive industries such as alternative energy, transportation, marine, art, and architecture. Symmetrix operates tooling plants in Bristol, Rhode Island, Carson City Nevada and now in Statesville, North Carolina.

About Marlboro Development Team, Inc.
Marlboro Development Team is a South Carolina based real estate developer focused on single tenant build-to-suits, value-add acquisitions, and strategic investments throughout the United States. The senior management of MDT has a proven track record of 100+ years of development experience with successful delivery of over 10 million square feet across a broad spectrum of development projects including industrial, retail, and commercial. MDT is a wholly owned subsidiary of Marlboro Electric Cooperative, Inc., the largest industrial electric cooperative in the US.

About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.

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