Hot Properties, Nov. 9, 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 was delivered to market in 2020 and is the newest addition to Pacolet Milliken’s portfolio of industrial property, according to a news release.

The modern, 36-foot clear, Class A 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 about 95,000 vehicles per day, the news release said.

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 enhanced the marketability of the building by adding 2,500 square feet of speculative office space with conference rooms and restroom facilities. The investment was to make the building ready for speed-to-market deals and the facility was leased approximately six months later, the news release said.

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.”

For weekly updates on commercial deals, see the Hot Properties feature every Tuesday in the GSA Business Report Daily email. Other recent commercial real estate transactions in the Upstate include:

Chris Prince and William Evans of Avison Young represented Alarm.com in the lease of 3,775 square feet of office space at 531 S. Main St., in Greenville from Falls Place LLC.

Charles Humphreys and Sammy DuBose of Coldwell Banker Commercial Caine represented Rigby Rental Property LLC in the sale of a 10,800-square-foot office building on a lot at 88 Villa Road in Greenville to Cambridge Group Properties LLC.

Harry Croxton of Coldwell Banker Commercial Caine represented Custom Landscape Materials LLC which purchased of 1.75 acres at Construction Drive, Lot 21, Lakeside Business Park, Piedmont, from Sherman Properties Inc.

Mike Kiriakides, KDS Commercial Properties broker in charge, represented WeFive LLC in the sale of a 0.85acre vacant parcel at 21 Cleveland St. in downtown Greenville.

Bradley D. Toy of Langston-Black Real Estate Inc. represented both the buyer, M and Z Holdings LLC, and seller, Wade Hampton East Partnership, in the sale of a 13,768-square-foot strip mall at 14322-14332 E. Wade Hampton Blvd. in Greer.

John Bauknight and Andrew Babb of NAI Earle Furman represented the seller, Suzzanne T. Clement and Jennifer M. Brown, in the sale of an 18.53-acre property at 2219 Boiling Springs Road in Boiling Springs to RH Developments of SC LLC.

Rob Schmidt, Keith Jones and McNeil Epps of NAI Earle Furman represented the seller, ServiceMaster, in the sale of a 15,000-square-foot office property at 200 Smith Hines Road to 200 Smith Hines Holding LLC.

Rusty Hamrick IV of Huff Creek Properties, the timber and land division of NAI Earle Furman, represented the seller in the sale of a 38.52-acre property located on Highway 418 in Simpsonville.

Josh Tew and Monty Todd of Pintail Capital Partners represented the seller, NASI LLC, in the sale of about 12,000 square feet of multi-tenant office located at 880 S. Pleasantburg Drive in Greenville to buyer 880 S Pleasantburg LLC.

Lakin Parr of Pintail Capital Partners represented the seller, John Wilson Eidson Revocable Trust, in the sale of a 4,620-square-foot retail building at 794 E. Washington St. to buyer Triple I Holdings LLC, represented by David Sigmon and Matt Vanvick.