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Speculative building planned for Augusta Grove

Real Estate - Commercial
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A new speculative industrial building is in the works in Greenville County.

According to a news release, a 331,850-square-foot building is being planned at Augusta Grove in southern Greenville County. The new building, known as Augusta Grove #17, will feature 32-foot minimum clear height and “can accommodate a multi-tenant configuration, but is best suited for a dominant lead single tenant.”

This is a rendering of the Augusta Grove #17 project underway at Augusta Grove – a Greenville, SC Business Park. It is expected to be complete by late summer 2017. (Rendering provided)NAI Earle Furman, the manager of Augusta Grove, said in the release that the shortage of industrial speculative space led to a “heightened demand for available sites and Class A spec projects like Augusta Grove #17.”

“This speculative facility is being built during a time of unprecedented demand in Greenville County for contemporary industrial space,” said Mark Farris, president and CEO of the Greenville Area Development Corp., in the release.

Augusta Grove #17 is being designed by a team comprised of Atlanta-based Wakefield Beasley & Associates and Greenville-based Bluewater Civil Design. Harper Corp. is the general contractor on the speculative project.

The Matrix industrial park was purchased in September by The TPA Group based in Atlanta and Greenville-based Appian Investments. It was renamed Augusta Grove – a Greenville, SC Business Park. The park has 10 businesses on its campus, including Jtekt, GE Aviation, KI Logistics and Magna. There were 13 parcels of land that have not sold inside the park – totaling more than 700 acres.

The Augusta Grove #17 project is being developed by a group that includes The TPA Group, Appian Investments and Boston-based Long Wharf Real Estate Partners.

“We have had a number of businesses express interest in Augusta Grove #17,” said Grice Hunt, broker with NAI Earle Furman, in the release. “The flexibility of the design makes it an attractive option for multiple users and a variety of space needs. Regardless of who locates in the space, this project provides the opportunity to bring new businesses and important jobs to our community.”

With the design finalized, construction on Augusta Grove #17 has begun and is expected to be complete by late summer 2017, according to the release.

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