South Carolina

DUNCAN, S.C. — Colliers International has negotiated a 134,000-square-foot industrial lease for MingHua USA Inc., a manufacturer of plastic automotive parts and molds, within Woods Chapel Crossing industrial park in Duncan. MingHua is a subsidiary of China-based Jiangnan Mold Plastic Technology Corp. (JMPT). MingHua originally entered the market in 2016 when it signed a 160,000-square-foot lease for an injection molding facility in Greer, less than a half-mile from Woods Chapel Crossing. JMPT’s customers include BMW, Mercedes-Benz, Volkswagen and General Motors. MingHua’s facility is situated at 1121 Woods Chapel Road, two miles from Interstate 85 and equidistant between Spartanburg and Greenville. The landlord, Atlanta-based Robinson Weeks, is developing Woods Chapel Crossing on a speculative basis. This is the first lease signed within the park. Dillon Swayngim of Colliers represented the tenant in the lease negotiations. Kacie Jackson, Brian Young and Elliot Fayssoux of Cushman & Wakefield | Thalhimer represented the landlord.

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ROCK HILL, S.C. — JLL has arranged the $14.7 million sale of a 129,600-square-foot light manufacturing facility in Rock Hill. The seller, Scannell Properties, delivered the asset earlier this year on a build-to-suit basis for tenant DIRTT Environmental Solutions. DIRTT creates and develops customizable and sustainable architectural interiors. The property spans 22 acres within Legacy Park East. The facility is situated at 2225 Williams Industrial Blvd., less than one mile from Interstate 77 and 27 miles south of Charlotte Douglas International Airport. Patrick Nally and Pete Pittroff of JLL represented the seller in the transaction. STAG Industrial Inc. acquired the facility.

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COLUMBIA, S.C. — Magnus Development Partners will break ground on 803 Industrial Park, a planned spec development that will feature nearly 1 million square feet of industrial space adjacent to Columbia Metropolitan Airport. Magnus plans to break ground on Building One, a 201,120-square-foot asset, in early 2021. Building One will feature a 130-foot-deep truck court, up to 57 dock-high doors, 72 trailer drop spaces, 50-foot-by-54-foot bays, 32-foot clear heights, ESFR fire protection and LED lighting. The building will be subdividable for users needing as little as 34,020 square feet of space. The industrial park, being developed by Columbia Metropolitan Airport’s development arm, is also situated near the UPS regional air and ground hubs, a FedEx Freight and Norfolk Southern transload rail terminal, and one mile from Interstate 26. Chuck Salley, Dave Mathews, Thomas Beard and John Peebles of Colliers International | South Carolina will handle leasing efforts on behalf of the owner. A timeline for completion was not disclosed.

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NORTH CHARLESTON, S.C. — Berkadia has negotiated the $33.3 million sale of Palmetto Creek Townhomes, a 260-unit multifamily community in North Charleston. The property offers one-, two- and three-bedroom floor plans, 75 percent of which were recently renovated. According to Apartments.com, rents range from $1,000 per month to $1,175. Communal amenities include a pool, fitness center, playground and a grilling area. Palmetto Creek is situated at 3311 Mountainbrook Ave., 16 miles northwest of downtown Charleston. Mark Boyce and Blake Coffey of Berkadia represented the seller, Dallas-based Lurin Capital, in the transaction. Washington, D.C.-based Brick Lane acquired the asset.

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CLEMSON, S.C. — Tiger Properties has broken ground on Cambridge Creek Clemson, a 380-bed student housing community located two miles from the Clemson University campus in South Carolina. The property will offer two- and three-bedroom units. Communal amenities will include a 5,000-square-foot clubhouse with a fitness center, study lounge, computer lab and game room. Outdoor amenities will include a pool, open-air pavilion, grilling stations and green space. The project is scheduled to deliver in August 2021.

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GREENVILLE, S.C. — Michelin North America will invest $100 million in equipment and manufacturing over the next seven years in Greenville. Michelin North America has been headquartered in Greenville since 1985. The France-based tire company employs 9,700 workers in South Carolina, with more than 4,300 of those jobs in Greenville County. As part of the investment agreement with the County, Michelin will continue to pay a set fee rather than taxes for an additional five years. Since opening its first manufacturing facilities in Greenville in 1975, Michelin has invested more than $1 billion in Greenville County, according to County officials.

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DILLON, S.C. — Marlboro Development Team Inc. (MDT) plans to build a 208,000-square-foot speculative industrial facility in Dillon. The Class A property will be situated on 24 acres within the Carolinas I-95 Megasite, an industrial park that fronts Interstate 95 and is located within one mile of the South Carolina Port Authority’s (SCPA) Inland Port Dillon. MDT plans to build the cross-dock facility using tilt-wall construction with 200-foot truck depths, 36-foot clear heights, 50- by 50-foot column spacing and 60- by 50-foot speed bays. The property is also expandable to 534,000 square feet. MDT is a subsidiary of Marlboro Electric Cooperative and controls 4,000 acres surrounding Inland Port Dillon. The new facility, set for completion in third-quarter 2021, is the fourth speculative development underway in the region.

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SPARTANBURG, S.C. — Dwight Capital has provided a $27.4 million HUD loan for Drayton Mills Lofts, a 289-unit multifamily community in Spartanburg. The HUD 223(a)(7) loan is a refinancing of the existing HUD 221(d)(4) loan that Grandbridge Real Estate Capital financed in 2014, the same year Westbridge Partners and TMS Development purchased the 118-year-old Drayton Mill. The former textile mill now features a 60-foot saltwater lap pool, two-story fitness center, walking trails and community rooms. Individual apartments come with large mill windows and 17-foot tall natural wood ceilings in one-, two- and three-bedroom floor plans. Rental rates range from $1,088 to $1,899. Also within the 203-acre Drayton Mills complex is 60,000 square feet of commercial and event space known as Drayton Mills Marketplace. Tenants include Bareknuckle Barbershop, Bella Late, Burn Boot Camp of Spartanburg, Dray Café, Edward Jones, Holiday Brewing, 1800 Drayton Catering & Events, Pi-Squared Pizza, Sparkle City Chiropractic, Palmetto Proactive Healthcare and The Lauren Ashley Collection Salon and Bar.

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GREENVILLE AND SPARTANBURG, S.C. — Commercial real estate services firm NAI Earle Furman has merged operations with Pulliam Investment Co., a real estate owner and developer. Pulliam Investment is based in Spartanburg, S.C., and has been in business since 1970. Terms of the merger were not disclosed. Under the new partnership, John Easterling, CEO of Pulliam Investment, will focus on expanding NAI Earle Furman’s seniors housing division and growing the firm’s investment platform. Easterling is the past chairman of the Spartanburg County Transportation Committee and chairman of the City of Spartanburg Planning Commission. He has also served on the Project Design and Architectural Review Committee of the Spartanburg Development Council. Easterling is a graduate of Clemson University with an MBA from the University of South Carolina.

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GREENVILLE, S.C. — Frampton Construction Co. has completed work on The Blake at Hollingsworth Park, a 101-unit seniors housing community in Greenville. Cardinal Ventures is the developer of the community. The property features 68 assisted living and 33 memory care suites. The 86,000-square-foot assisted living and memory care facility is in the Hollingsworth Park area of Verdae, a master-planned community. Young, Wier + Boerner Architecture completed the design for the building, and Hoyt + Berenyi was civil engineer for the project. This is Frampton’s fifth Blake-branded assisted living project.

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