VanTrust Real Estate, headquartered in Kansas City, Mo., has expanded into South Carolina with the purchase of two parcels of industrial land in the Upstate, according to a news release.
The first site is located on 73 acres in Anderson County, where the firm plans a speculative 289,173-square-foot industrial building along Interstate 85. The development, The Exchange Logistics Park at I-85, will total more than 1 million square feet of warehouse, distribution and industrial buildings, the release said. Givens Stewart, of Wilson Kibler Inc., will be the listing agent for the spec building. Harper Construction is the contractor.
“We chose the Greenville-Spartanburg area for our first project in South Carolina because of the strong growth the region has achieved in recent years, as well as its strategic location,” Andrew Weeks, executive vice president of VanTrust, said in the release. “We found the area extremely business-friendly, and very open to real estate development. We look forward to a continued relationship and the opportunity to develop additional properties in the area.”
Anderson County Councilman Jimmy Davis said the development “will bring much-needed industrial space to the Piedmont area, and I welcome the opportunity to work with such an exceptional developer.”
The second land parcel includes 57 acres in Spartanburg County, where VanTrust plans to develop a new industrial park at the intersection of Highway 290 and Highway 221, less than one mile from I-26, with direct access to I-85, the release said. The site can accommodate users from 50,000 square feet up to 1 million square feet. The site is fully serviced and entitled and ready for projects that require speed to market. Listing agent is Trey Pennington with CBRE.
“Spartanburg County proudly works with our private partners to be better prepared for industrial prospects,” Kyle Sox, director of business development, Spartanburg Economic Futures Group, said in the release. “VanTrust’s investment in Spartanburg is not only an affirmation of Spartanburg’s industrial market, but also an important step in being ready for the next ‘big thing’ to come to our region. It’s a great location with superb utility and logistics infrastructure at the site in Moore.”