A regional developer who just bought 193 acres of land near Triangle Innovation Point — the latest in a series of high-acreage purchases in Chatham — says location and vision make the county ripe for growth and “hot” for sellers.
Ray Covington, a Sanford native who lives in Whitsett, and business partner Mark Lyczkowski, paid $3 million for the land along Old U.S. Hwy. 1 through their MAD Pea Ridge LLC in early December, as reported by the Triangle Business Journal.
“Our properties are adjacent to Triangle Innovation Point [TIP] East and West and U.S. 1 with current zoning of Light Industrial,” Covington told the News + Record. “Our goal is to work closely with the leadership of Chatham County and TIP to complement their vision for the jobs coming to this area.”
Continue reading on the Chapelboro website.