DUNCAN, S.C. — Panattoni Development Co. Inc. and PCCP LLC have formed a joint venture to develop Apple Valley Industrial Park Phase IV, a two-building, 522,670-square-foot industrial project in Duncan. Building I will span 195,000 square feet and Building II will span 327,670 square feet. Construction began May 1 with a delivery date anticipated for early 2020. Phase IV is situated adjacent to the first three phases of the industrial park, which will span 1.4 million square feet at full buildout. Apple Valley Industrial Park is situated near Interstate 85, two miles south of BMW’s manufacturing facility in Spartanburg and six miles south of Inland Port Greer.
GREENVILLE, S.C. — Topgolf has opened its 50th venue in the United States this past Friday in Greenville. The three-tier, 55,000-square-foot driving range and bar is located at 201 Clifton Court, 10 miles from downtown Greenville and directly off Interstate 85. The new Topgolf features a chef-driven menu, top-shelf drinks, big screen TVs, flexible private event spaces and music in climate-controlled hitting bays. More than 350 full- and part-time employees were hired in advance of the opening. The new Topgolf will host a summer academy for children ages 6 through 12 as well as events like College Night for local college students.
DUNCAN, S.C. — Liberty Property Trust (LPT) has signed Rochling Automotive USA and XPO Logistics to industrial leases at Hillside Industrial Park in Duncan. Hillside Industrial Park is situated near U.S. Highway 290, less than a mile from the Interstate 85 interchange. Rochling Automotive has renewed its 124,800-square-foot, full-building lease at 265 East Parkway. The German-based automotive company designs and engineers components and system solutions in the fields of aerodynamics, propulsion and new mobility for automotive manufacturers globally. Bobby Lyons of Lyons Industrial represented the tenant in the lease transaction. Bryan Blythe represented LPT internally. The industrial REIT also signed XPO Logistics to a 32,000-square-foot lease at 170 Parkway West. Russell Perry and Russell Perry Jr. of R.E. Perry Co. represented XPO Logistics in the lease transaction. Brian Young, Elliott Fayssoux and Kacie Jackson of Cushman & Wakefield | Thalhimer represented LPT.
GREENVILLE, S.C. — A partnership between Cardinal Ventures LLC and Blake Management Group will develop an 88,000-square-foot seniors housing community in Greenville. The property will offer assisted living units in studio, one- and two-bedroom formats and memory care units in studio and one-bedroom floor plans. Construction is scheduled to be complete by spring 2020.
COLUMBIA, S.C. — Cushman & Wakefield has arranged the sale of The Southern @ 1051, a 350-unit student housing community located near the University of South Carolina in Columbia. The property offers one-, two-, three- and four-bedroom units. Community amenities include a swimming pool, clubhouse, package service, picnic and barbecue area, business center, fitness center and basketball and volleyball courts. Travis Prince, Victoria Marks, Jordan McCarley and Paul Marley of Cushman & Wakefield arranged the disposition on behalf of the seller, an undisclosed CMBS trust. Ernet Capital Management acquired the property for an undisclosed amount.
AIKEN, S.C. — Marcus & Millichap has arranged the $7.1 million sale of Aiken Exchange, a 101,488-square-foot shopping center in Aiken that is shadow-anchored by Target. Built in 2002 about 20 miles northeast of downtown Augusta, the property is anchored by PetSmart and Planet Fitness. Zach Taylor and Taylor McMinn of Marcus & Millichap’s Taylor McMinn Retail Group represented the seller, Lamar Cos., in the transaction. Marc Strauss, also of Marcus & Millichap, represented the buyer, Aiken Exchange Plaza LLC. The buyer purchased the shopping center in a 1031 exchange.
LEXINGTON, S.C. — Publix Super Markets Inc. will open a GreenWise Market store at Lexington Marketplace in Lexington, about 10 miles west of downtown Columbia. GreenWise will offer a large variety of organic, specialty and traditional items. GreenWise joins Ulta Beauty, Mod Pizza, Smoothie King and Fit Body Boot Camp at the 135,000-square-foot, 80 percent-leased retail center. Darrell Palasciano and Matt Henry of The Shopping Center Group represented the landlord and developer, Columbia Development, in the lease transaction.
COLUMBIA, S.C. — Financial Federal Bank has provided a $24.3 million Fannie Mae acquisition loan for Stadium Suites Apartments in Columbia. The 264-unit, 924-bed complex was built in 2004 and is situated three miles from the University of South Carolina campus. Amenities include a resort-style pool, clubhouse with fitness center, game room, study room, business center, basketball and volleyball courts and a dog park. Rick Wood and Jon Van Hoozer of Financial Federal Bank originated the 10-year, fixed-rate loan with three years of interest-only payments and a 30-year amortization schedule on behalf of the borrower, a single-asset LLC that is a privately owned real estate investment company.
HARDEEVILLE, S.C. — EJF Capital LLC and North Signal Capital LLC have acquired a 510-acre site in Hardeeville to develop RiverPort Commerce Park. The property will house more than 4 million square feet of industrial space and is situated within a census-designated opportunity zone about 10 miles from the Port of Savannah. EJF will invest the majority of the equity required for the land purchase and initial building construction from the EJF OpZone Fund I LP. Construction on the first building, which is slated to be 139,000 square feet, will begin in a few months.
TAYLORS, S.C. — Cushman & Wakefield has arranged the $15 million sale of The Chimneys of Greenville, a 168-unit multifamily community in Taylors. The buyer, Cohen Investment Group, is planning renovations to unit interiors, however, details of the renovations were not disclosed. Community amenities include a dog park, business center, fitness center, playground, swimming pool and a clubhouse. Jordan McCarley, Tai Cohen and Watson Bryant of Cushman & Wakefield represented the seller, Highgate Capital Group, in the transaction.