DEVELOPMENT WILL BRING MORE THAN 1,870 NEW JOBS TO THE LOCAL COMMUNITY
NorthPoint Development plans to break ground on its industrial project, Cottage Grove Logistics Center, in Spring 2022 — a $310 million investment that is expected to create 1,870 permanent jobs and bring over $73 million of annual wages to Cottage Grove. In addition, the development is estimated to create 1,465 construction jobs that will generate $37 million in annual wages.
The City of Cottage Grove and NorthPoint Development are proud to partner together to help create a positive impact for the community. The Industrial Center’s investment into Cottage Grove is estimated to generate $1.2 million in the tax base annually for the City of Cottage Grove to help fund community improvements.
NorthPoint’s Industrial Park is expected to consist of nine industrial buildings totaling 3.4 million square feet of industrial space. Phase I of this development is expected to break ground as soon as weather permits in Spring 2022.
“This Development is the start of a tremendous partnership with the City of Cottage Grove. We love this location to invest our capital due to logistics, labor, and business- friendly openness from the City of Cottage Grove,” said Brent Miles, Chief Marketing Officer at NorthPoint Development. “Capital goes where capital is welcome and we are grateful for the opportunity to work closely with the City to bring thousands of good-paying jobs to further strengthen the shortand long-term economy for Cottage Grove.”
“I am excited to welcome NorthPoint Development to the City of Cottage Grove! NorthPoint has been great to work with, creating a fantastic development in Cottage Grove that will bring with it thousands of good-paying jobs. We are proud that NorthPoint chose Cottage Grove for its $310 million investment. They will be a great addition to our ever-expanding business park. Our community has been discovered as a business-friendly city, as more and more businesses want to be a part of our community. I look forward to the groundbreaking in spring of 2022!” said Cottage Grove Mayor Myron Bailey.
About NorthPoint Development
Established in 2012, NorthPoint Development is a privately held real estate development firm that started out specializing in industrial and multi-family development. Since then, NorthPoint Development has grown to a family of ten companies with an emphasis on a factory-to-front door model. Our firm differentiates itself through a strong engineering and technical focus. We employ numerous civil, geotech, electrical, and industrial engineers, as well as logistics, labor, and incentives professionals. NorthPoint Development has developed over 125 million square feet of industrial space and it’s estimated that their developments have created more than 73,000 jobs and supported more than 423 industrial partners across the United States. “Beyond the Contract” embodies the concept that no contract can be written to reflect everything that will occur in a complex real estate transaction. Their approach in all business relationships is to be fair and to operate by the “Golden Rule.”
Visit beyondthecontract.com or follow @NorthPointDev to learn more.