South Carolina

JLL Arranges $49M Sale of New Multifamily Property in Metro Charlotte

by Alex Tostado February 7, 2019

FORT MILL, S.C. — JLL has arranged the $49 million sale of Beckett Farms, a 280-unit apartment community located at 1111 Gennett Circle in Fort Mill, a suburb of Charlotte in South Carolina. PRG Real Estate purchased the asset from the developer, Miller-Valentine Group. Built along Interstate 77 in 2018, Beckett Farms features a clubhouse, fire pits, pocket parks and play lawns, fitness center and a saltwater/mineral pool with sun shelves and private cabanas. Units average 1,026 square feet and include wood-style flooring, patios and balconies, large closets, granite countertops and stainless steel appliances.

February 7, 2019

Industrial Leasing Activity South Carolina Southeast

Bedding Supplier Renews, Expands Industrial Lease to 236,843 SF in North Charleston

by Alex Tostado February 5, 2019

NORTH CHARLESTON, S.C. — Soft-Tex International Inc., a global pillow and bedding supplier, has expanded its lease in North Charleston to fully occupy a 236,843-square-foot warehouse at 3191 Ashley Phosphate Road, about 15 miles north of the Port of Charleston. This is the fourth expansion in North Charleston for the Waterford, N.Y.-based company since 2013, when it occupied just 25,000 square feet of industrial space. Alan Bolduc, Courtney Marous, and Kathleen Isola of Avison Young represented the tenant in the lease agreement. Colliers International represented the undisclosed building owner.

February 5, 2019

Industrial Leasing Activity South Carolina Southeast

Domino’s Pizza Signs 68,000 SF Lease for New Industrial Facility in West Columbia, South Carolina

by Alex Tostado January 29, 2019

WEST COLUMBIA, S.C. — Domino’s Pizza has signed a 68,000-square-foot lease for a new processing and distribution facility in West Columbia. Construction is expected to begin in the first quarter of this year. Domino’s plans to add 75 jobs to the area. Hiring is scheduled to start in the fourth quarter of this year, with the facility being delivered in the second quarter of 2020. Ken Ashley, John Wilkinson and Whitney Hembree of Cushman & Wakefield, along with Lee Warfield of Cushman & Wakefield | Thalhimer, represented the tenant in the lease negotiations. The developer and landlord were not disclosed.

January 29, 2019

Loans Office South Carolina Southeast

NorthMarq Arranges $14M Refinancing for Office Property in Columbia

by Alex Tostado January 24, 2019

COLUMBIA, S.C. — NorthMarq Capital has arranged a $14 million bridge loan for the refinancing of 1600 Williams Street Office, a 140,000-square-foot office building in Columbia. The building once served as the South Carolina headquarters for BellSouth, and will now be leased to both Aflac and AT&T. Will James of NorthMarq’s Atlanta office arranged the loan on behalf of the undisclosed borrower. The loan was structured with a two-year, interest-only term through an undisclosed bridge/mezzanine lender.

January 24, 2019

Development Industrial South Carolina Southeast

Automotive Glass Manufacturer to Open 182,000 SF Processing Center in Upstate South Carolina

by Alex Tostado January 22, 2019

FOUNTAIN INN, S.C. — Fuyao North America Inc., a subsidiary of China-based Fuyao Glass Industry Group Co., will open a processing center in Fountain Inn, a city in South Carolina’s Upstate region. The company is planning to invest $16.1 million that is expected to create 70 new jobs. The Fuyao Group has been making automotive glass since 1987. The new facility will be located at 110 Milacron Drive, about 20 miles south of downtown Greenville, and will span 182,000 square feet. The Coordinating Council for Economic Development has awarded a $100,000 Set Aside grant to Greenville County to assist with costs associated with the project. A timeline for the project was not disclosed.

January 22, 2019

Acquisitions Office South Carolina Southeast

Capital Square 1031 Buys CompuCom’s World Headquarters in Metro Charlotte for $39M

by Alex Tostado January 7, 2019

FORT MILL, S.C. — Capital Square 1031 has bought CompuCom Systems’ world headquarters in South Carolina for $39 million from The Keith Corp. and MPV Properties. The three-story, 154,000-square-foot building is located in Fort Mill, about five miles south of Charlotte’s Ballantyne neighborhood, and is fully leased to CompuCom through 2032. CompuCom Systems provides end-to-end managed services, technology and consulting to enable the digital workplace for enterprise, midsize and small businesses. Rob Cochran, Jared Londry and Nolan Ashton of Cushman & Wakefield represented the sellers in the transaction.

January 7, 2019

Development Mixed-Use South Carolina Southeast

Centennial American Properties to Break Ground on Next Phase of $200M Mixed-Use Project in Greenville

by Alex Tostado January 3, 2019

GREENVILLE, S.C. — Centennial American Properties (CAP), the developer of Camperdown, a four-acre, $200 million mixed-use development in downtown Greenville, is set to break ground on the project’s next phase. Falls Tower, the second office tower in the development, is scheduled to begin construction in the first quarter. The 15-story building will have 10 stories of office space, topped by five floors of for-sale condominiums. At full buildout, Camperdown will have more than 200,000 square feet of office space, 18 condos, an AC Hotel and 217 apartment residences. Construction on Camperdown is expected to be complete in 2020.

January 3, 2019

Acquisitions Mixed-Use South Carolina Southeast

CapRocq Sells Retail, Multifamily Space in Downtown Greenville for $9.4M

by Alex Tostado December 21, 2018

GREENVILLE, S.C. — An affiliate of Arkansas-based CapRocq has sold 14,414 square feet of retail space and 22 multifamily units within the Wells Fargo Center in downtown Greenville for $9.4 million to an undisclosed buyer. The retail and multifamily space is situated on the second and third floors. The Wells Fargo Center is a mixed-use development leased to Charles Schwab, Sully’s Steamers, Sticky Fingers and Port City Java. The selling entity, CapRocq Greenville LLC, still owns the remainder of Wells Fargo Center. Scott Burgess and Lance Byars of Colliers International represented the seller in the transaction. Furthermore, Colliers retains the leasing and property management of the portion of the center still owned by CapRocq Greenville.

December 21, 2018

Development Industrial South Carolina Southeast

CRG to Build 467,200 SF Distribution Center in Upstate South Carolina

by Alex Tostado December 13, 2018

DUNCAN, S.C. — CRG, the development arm of Clayco Inc., has purchased 39.3 acres of land in Duncan for the construction of The Cubes at Inland Woods. The speculative, cross-dock distribution center will span 467,200 square feet and feature 36-foot clear heights, 128 dock doors, four drive-in doors, 240 employee parking spaces and 74 trailer parking spaces. The Cubes will be situated less than two miles from the Inland Port Greer and less than three miles from BMW’s Spartanburg plant. The design team includes Clayco and its architect subsidiary BatesForum. Colliers International’s Garrett Scott, John Montgomery and Brockton Hall represented CRG on the land purchase and have also been chosen to manage the leasing of the new building. Atlanta-based The Net Lease Group arranged financing on behalf of CRG. The Cubes at Inland Woods is the second project in CRG’s distribution series. The St. Louis-based developer is also currently under construction on The Cubes at Inland 85 in Spartanburg.

December 13, 2018

Acquisitions Industrial South Carolina Southeast

Foam Manufacturer Buys 676,548 SF Industrial Facility Near Columbia, South Carolina

by Alex Tostado December 12, 2018

WINNSBORO, S.C. — Healthcare US Co., a Chinese foam manufacturer, has bought a 676,548-square-foot industrial facility that sits on 150.5 acres in Winnsboro. The company plans to create 250 jobs and use the facility to produce memory foam for bedding and other products. The property is located at 1 Guardian Way, about 30 miles north of Columbia. Shaun Kirchin and Doug Faris of Philadelphia-based Binswanger represented the seller, Knauf Insulation, in the transaction. The sales price was not disclosed.

December 12, 2018

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