High Point, NC -- Volvo Group North America is set to build a $15 million office building in the Triad, Carolina Investment Properties announced Wednesday.
Volvo plans to build the 123,000 sq. ft. building on Piedmont Parkway, across from its Greensboro campus. The building is part of a 10-year $13-$15 million lease from Carolina Investment Properties.
Robin Team with CIP expects to begin construction in the third quarter of this year and says the project should take a year to complete.
The building will house 700 of the Volvo Group's current employees.
With this new office building, officials say Volvo will become one of High Point's top 20 employers.
Team says CIP has contracted Landmark Builders of the Triad to construct the new office building.
Carolina Investment Properties