After many years of being unoperational, a new owner has purchased the old Chatham Manufacturing property and will be working to make buildings there usable, or demolishing those that can’t be used. The first building, Plant No. 3 on the Yadkin River side of the railroad tracks along East Main Street could be ready for a lessee within a few weeks.
Will Dellinger and Jess Washburn are partners in JW Industrial LLC, a company based in Charlotte. The two addressed the town commissioners at last Monday’s board meeting to introduce themselves and explain some of their plans for the property they purchased on Sept. 30 from previous owner LBC Credit Partners out of Pennsylvania.
JW Industrial purchases large industrial and warehouse buildings and renovates and develops those which are salvageable and then demolishes the buildings which are no longer able to be utilized, the partners explained.
“We have a team of real estate developers we work with,” explained Dellinger on how they assess each property acquisition and what ultimately happens to the buildings and property “Right now it is early on, but we anticipate keeping a great deal of the property.”
He did say there could be demolition of certain unused buildings once the assessments are complete.
Dellinger and Washburn said they’ve met with the officials with Duvaltex, who purchased True Textiles in February of this year, and is operating out of several of the old Chatham buildings now. They said they hope to keep True Textiles as a tenant and are working with the owners to help them consolidate their equipment so it isn’t so spread out throughout the property, which will help Duvaltex save money on utilities.
JW Industrial also has applied to the state and has been approved to qualify for the North Carolina Brownfields program, which is a program through the Department of Environmental Quality that allows property to be cleaned up so that future owners aren’t held responsible for past environmental hazards on the site, explained Leslie Schlender, the town’s economic development director.
Dellinger told the town board that JW Industrial will be “able to open the property open to more useful purposes for the town.”
Another need the partners saw in the town was for housing. “When we went to lease apartments for our workers, they are on an eight to 10-month back wall,” said Dellinger, who said housing at the Chatham property could be an option. “We are working with Samet Corporation out of Greensboro on what might work there.”
He did point out the beauty of the dye house building, and said there are “really nice features to the property.”
Already in the two weeks the company has been working at the property, Schlender said Tuesday a significant amount of clean up has occurred at the Weave 3 building, which is labeled Plant No. 3 on the side of the building. “They are saying it should be ready for lease in the next three weeks,” she said, noting that getting buildings open and cleaned up is a vital need of the town’s so it has leasable property it can show potential job creators.
In other construction news around town, Planning Director George Crater confirmed last week that a new project which is taking shape beside the Coffee House Restaurant on CC Camp Road will be a new home for Advance Auto. He also said developers are working on plans for a Hardee’s Restaurant in an out-parcel of Lowe’s Hardware on CC Camp Road.
An opening date for the new Yadkin Valley ABC Store, also on CC Camp Road, which appears to be nearing completion, has not yet been announced.
Wendy Byerly Wood may be reached at 336-258-4035 or on Twitter @wendywoodeditor.