Microsoft Corporation has recently acquired approximately 1,350 acres in Person County, North Carolina, known as the Person County Megasite. The tech giant invested at least $26.85 million for this land in Woodsdale Township, as recorded in county property records.
While Microsoft has not yet disclosed specific plans for the site, the substantial investment suggests potential development that could significantly influence the local economy.
The development of the Person County Megasite is anticipated to create numerous job opportunities, attracting a skilled workforce to the area. This influx of professionals will likely increase demand for housing, necessitating the construction of new residential units to accommodate the growing population. Additionally, the rise in residents is expected to boost the need for retail establishments, services, and other amenities, fostering economic growth within Person County.
The economic impact of this development will extend beyond Person County, affecting neighboring regions. Cities such as Roxboro, Durham, and Raleigh, along with surrounding counties, may experience increased economic activity due to the project’s proximity. The expansion could lead to enhanced infrastructure, improved transportation networks, and greater business opportunities throughout the region.
In summary, Microsoft’s acquisition of the Person County Megasite represents a significant investment with the potential to transform the local economy. The anticipated development is expected to create jobs, increase demand for housing and retail, and stimulate economic growth in Person County and neighboring regions.
Phil is a graduate of the University of Northern Colorado and has been active in the commercial real estate and property management business for over 30 years. He holds the prestigious Certified Property Manager designation (CPM) awarded by the Institute of Real Estate Management and is a Licensed Real Estate Broker in North Carolina, South Carolina, Virginia, Tennessee, and Texas. Phil is a member of the International Council of Shopping Centers (ICSC), Institute of Real Estate Management (IREM) and the National Association of Realtors (NAR). Phil is Broker in Charge of our Winston-Salem office and oversees property management and leasing activities. He also provides advisory services to select buyer and tenant representation clients as well as identifies potential investment and development properties.
Leave a Reply