27 Jan Palladium at Deep River Captures New Tenant In Growing High Point Market
Centrex Properties is pleased to welcome BenchMark Physical Therapy to Palladium at Deep River. Benchmark added the 1,611 SF space in December of 2016 to their over 220 physical therapy locations across 12 states. BenchMark chose High Point to fulfill a need for more physical therapy providers due to the increased growth in the High Point/Greensboro area.
According to the City of Greensboro’s January 2017 Growth and Development Trends Report, Greensboro’s rate of growth was higher than the state (24.8%) and national (14.2%) rates from 2000-2015. Greensboro grew at 27.4% and High Point at 27.9%. With this growth, Guilford County (High Point/Greensboro) has seen a substantial rise in real estate development activity in both the residential and commercial markets. Between 2014-2015 there was a 54.4% jump in commercial property permits. From 2010 to 2015 the value of new commercial construction in Greensboro increased significantly by 44.7%. Apartment construction values rose to an astounding 123%, while single-family residential increased by 48.5%, proving the area continues to be on an upwards swing for growth. Most notably, in the commercial sector, the area has several large distribution and manufacturing facilities planned to accommodate the increasing need for this property type.
Currently, Centrex Properties has one remaining space available at Palladium. With 3,439 SF, the space is perfect for an office/flex tenant. Centrex is currently offering excellent leasing incentives for this space.
Palladium at Deep River is a 60,300 SF retail/office center strategically located in the desirable Palladium Park area of High Point to serve both Greensboro and High Point. The center’s tenants enjoy fantastic exposure to West Wendover Avenue with 30,649 vehicles per day. Palladium at Deep River is surrounded by residential, shopping, and office properties and is anchored by Food Lion. Adjacent to the center are national tenants such as Walgreens, Office Depot, Zaxby’s, and Burger King.