A capital lending firm announced on Thursday its plans to expand its U.S. headquarters to the County Square project under development in Greenville.
Lima One Capital’s $51.4 million investment will create approximately 300 new jobs in the Greenville market, according to a news release. The expansion is expected to be complete by 2025.
Founded by U.S. Marines in 2010, Lima One Capital has funded more than $7 billion in loans for real estate investors across the nation. The company’s core products include bridge loans, rental property and portfolio loans, new construction loans, and multifamily bridge lending.
“Lima One Capital is thrilled to be an anchor tenant within the state-of-the-art County Square development in downtown Greenville,” said Lima One Capital President and CEO Jeff Tennyson. “This significant milestone highlights our continued commitment to the growth and prosperity of Greenville. This beautiful office space will provide our team with an amazing work environment that aligns with our award-winning culture and will serve as a catalyst to our continued national expansion and success.”
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Lima One said it has seen how, by actively participating in downtown Greenville’s growing landscape, it can further solidify its position as a national industry leader and create “lasting value for its clients, associates and community.” As a national mortgage lender, the company explored several other markets before committing to keep their headquarters in Greenville, the release said. Lima One said that Greenville’s access to skilled employees and the quality of life it provides are “compelling traits” that support its growth and company culture.
“Greenville has been an extraordinary corporate headquarters city for Lima One since our inception, and we are excited to deepen our commitment here,” said Tennyson. “The continued support we’ve received from the city, Greenville County and state reaffirm our resolve to create opportunities for local talent and meaningfully contribute to the economic growth of the region.”
The company’s current operations are located in Suite 300 at 201 E. McBee Ave. in Greenville. As part of the expansion, Lima One Capital will lease approximately 65,000 square feet in a newly constructed building in the $1 billion Greenville County Square project being developed by RocaPoint Partners. The new facility will more than double Lima One Capital’s office space, allowing the company to continue its rapid growth, the release said. The company also has an operations center in Irvine, Calif.
“This news comes on the heels of other exciting milestones for County Square, including the announcement of Whole Foods as our first retail tenant and the completion of the Foster + Partners-designed County Administration building,” said Phil Mays, principal of RocaPoint Partners. “The momentum continues to build downtown, and Lima One will be a great addition.”
Chicago-based The Perch Kitchen & Tap announced earlier this week it will open a location in Greenville County Square, partnering with Charleston-based Palmetto Brewing Co. for the brewery portion of the restaurant. The Perch Kitchen & Tap will also be a part of the project’s first phase along with Whole Foods Market as another anchor tenant, which was announced in March.
“Lima One Capital has been an excellent, long-term contributor to Greenville County since its founding over 10 years ago,” Greenville County Council Chair and Greenville Area Development Corp. board member Dan Tripp said in the release. “Lima One Capital's expanded commitment to Greenville and this prominent location for its headquarters in our new County Square development further affirms the work we've done to create proper soil conditions for businesses to succeed and thrive here.”
The Commerce Department’s Coordinating Council for Economic Development approved job development credits related to the project, the release said. The council also awarded a $500,000 Set-Aside grant to Greenville County to assist with the costs of site preparation and building construction.
“Greenville County has proven to be the right location for Lima One Capital to grow its headquarters operations,” South Carolina Gov. Henry McMaster said in the release. “This investment is a win for the state, and we are always pleased for existing industry to grow within South Carolina.”l