Hot Properties, Nov. 23, 2021

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The Colliers team of John Montgomery, Garrett Scott and Brockton Hall represented Pacolet Milliken in the lease of Fort Prince Commerce Center, a 439,360-square-foot Class A industrial space at 200 Fort Prince Road in Spartanburg. The building delivered to the market in 2020 and is the newest addition to Pacolet Milliken’s portfolio of industrial property.

The modern, 36-foot clear building was built as speculative industrial space by Courtland Development and features more than 1,500 feet of Interstate 85 frontage with high visibility to 95,000 vehicles per day, according to a news release.

Fort Prince Commerce Center is about 10 miles from BMW’s Plant Spartanburg, GSP International Airport and Inland Port Greer.

Shortly after purchasing in December 2020, Pacolet Milliken added 2,500 square feet of speculative office space with conference rooms and restroom facilities. The facility was leased about six months later, according to the release.

Pacolet Milliken is a family-owned investment company based in the Upstate. The company currently owns more than 3,000 acres of industrial land throughout South Carolina and has played a role in bringing several economic development projects to Spartanburg County, including Keurig Dr. Pepper, Magna Seating, Toray, Sterling Packaging, Mactac and Kobelco, all part of the Tyger River Industrial Park on Highway 290 in Moore.

“We are incredibly pleased with the performance of this industrial asset and the overall strength of the Greenville-Spartanburg market for industrial has never been more clear,” Pacolet Milliken President of Real Estate Clay Adams said in the release. “We look forward to seeing the new tenant at Fort Prince Commerce Center thrive at this location for many years to come.”

Other recent commercial real estate transactions in the Upstate include:

Rakan Draz, John Odom and James McKay of Avison Young represented Perry Street Partners in leasing 2,700 square feet of retail space at 1278 Pendleton St., Greenville, to luxury custom home builders Dillard-Jones Builders Co. 

Pete Brett and T Cox of Coldwell Banker Commercial Caine represented Enveritas Group Inc. in the leasing of a 2,340-square-foot office space at 307-B Falls St., Greenville, from Design Development LLC.

Tim Satterfield of Coldwell Banker Commercial Caine represented Costner Partners LLC in the leasing of a 1,678-square-foot retail space at Costner Corners, 2475 Boiling Springs Road, Suite 100, Boiling Springs, to Brian D. Ray.

Tim Satterfield of Coldwell Banker Commercial Caine represented B Two Development LLC in the leasing of a 12,476-square-foot office building at 301 Railroad St., Roebuck, to Quality Autism Care LLC, represented by Harry Croxton of Coldwell Banker Commercial Caine.

Dillon Swayngim and Greyson Furnas of Colliers South Carolina represented Westdale Capital Investors 3 LP in the lease of 8,000 square feet of industrial space at 334 White Horse Road in Greenville to 250 Logistics.

Taylor Allen Brantley Anderson and Bailey Tollison of Colliers South Carolina represented Caprocq Greenville LLC in the lease of 3,189 square feet of office space at 15 S. Main St. in Greenville to Huff, Powell & Bailey LLC.

Garrett Scott, John Montgomery and Brockton Hall of Colliers South Carolina represented Tyger Oak Inc. in the sale of 186.4 acres of land at Fort Prince Industrial Park in Spartanburg to CRG Acquisitions LLC.

Gray Kirby, KDS Commercial Properties adviser and industrial specialist, represented the seller in facilitating a medical office investment sale at 1431 Bypass 72 N.E. in Greenwood. The sale included renegotiating a long-term lease with a national medical tenant.

Chris Harrison of NAI Earle Furman represented the buyer, Carolina Storage LLC, in the purchase of 2.4 acres of land at 270 Rocky Creek Road in Greenville from Andrew Stephens III.

Dallas Wright, Ellice Niedrach and Tripp Taylor of Huff Creek Properties, the timber and land division of NAI Earle Furman, represented the seller, Enoree Farm Corp., in the sale of a 243-plus-acre property at 00 Godfrey Town Road in Woodruff to Enoree Farms LLC.

For weekly updates on commercial deals, see the Hot Properties feature every Tuesday in the GSA Business Report Daily email. Email your commercial real estate transactions to Ross Norton at [email protected].