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County approves sale of Granite Industrial Park parcel to Fortius Capital Partners
Summary
Rowan County commissioners approved the negotiated sale of about 23 acres in Granite Industrial Park to Fortius Capital Partners for $466,416, with seller financing, a five-year build requirement and clawback language if development does not proceed.
Rowan County commissioners on Aug. 18 approved the negotiated conveyance of roughly 22.94 acres in Granite Industrial Park to Fortius Capital Partners, a Concord-based developer, the county said.
County staff presented the offer and term sheet, saying Fortius will pay $466,416 (approximately $20,332 per acre) and pledge to begin construction within five years. The county’s tax value for the parcel was listed in the staff packet at $726,739. Under the purchase…
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