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SHERRY JACKSON | STAFF sjackson@communityjournals.com @SJackson_CJ

SQUARE FEET Real estate deals and developments across the region

$20M industrial center underway on White Horse Road jtoppe@communityjournals.com Designed for distribution and light manufacturing, the White Horse Industrial Center is currently under development on a 45-acre site in Greenville County. Located at 2721 White Horse Road, the $20 million investment broke ground six weeks ago and will see the construction of two buildings: a 306,000-square-foot facility and another at 234,000 square feet. The larger of the two buildings will be completed in January and the smaller in March, said Rob Halpin, president of Burnham Partners LLC, which is in a venture with Exeter

THE BUILDINGS •  The construction is tilt wall panel, and each building will have 40 truck docks with mechanical equipment and three drive-in doors.

Property Group. The facilities could eventually create 500 to 1,000 permanent jobs, he said. Although the buildings have not been leased, “there has been quite a bit of activity and we expect the larger building to be leased upon its completion.” Halpin said over half of the leasing prospects are located in South Carolina. Based on the state’s revitalization act, a South Carolina corporation or resident leasing the former textile site is eligible to receive a state income tax credit, he said. Greenville County is in desperate need of Class A manufacturing and distribution space, said Kevin Landmesser, interim president

Warehouse/Distribution Building #2 234,000 Gross S.F.

•  The standard bays will be 48 by 50 feet with speed bays 60 by 50 feet. •  ESFR and T-5 fluorescent lighting are in base building. •  No blind turns. Abundant parking and trailer storage.

Realtors report shows ‘positive trend’ August statewide market reports from South Carolina Realtors released this week show that the “macro trend is still positive” while the “micro trend involves more moderate pinching up and down the month-tomonth timeline.” For the 12-month period spanning September 2013 through August 2014, pending sales in the state were up 4.4 percent overall.

and CEO of the Greenville Area Development Corporation. With elevated ceilings and significant square footage, the new buildings at the industrial park will raise Greenville’s profile and competitiveness with corporations seeking a new location, he said.

Rendering from Burnham Partners, LLC

JOE TOPPE | STAFF

Warehouse/Distribution Building #1 306,000 Gross S.F.

➤ NUMBERED

The price range with the largest gain in sales was $300,001 and above, which saw a 10.4 percent increase. Although housing had a slow start in 2014, ongoing market improvements across various areas and segments continue, the report said. Those interested in the industry are encouraged to “watch for long-awaited and yet still-uneven inventory gains.”

New listings decreased 0.2% to

Days on market down 5.4% to

Pending sales down 0.2% to

Absorption rates improved as months supply of inventory was down 5.3% to

9,204.

5,692.

Inventory levels fell 0.6% to

48,608 units.

Median sales price increased 0.4% to

$165,700.

106 days.

8.9 months.

Source: August 2014 SC Realtors market report

104,000 SF CUSHMAN & WAKEFIELD | THALHIMER represented Liberty Property Trust in the lease of a 104,000 SF at 110 Caliber Ridge within Caliber Ridge Industrial Park, Greer, SC

(864) 370 8155

FOR MORE INFORMATION, PLEASE CONTACT: Brian Young Elliott Fayssoux brian.young@thalhimer.com elliott.fayssoux@thalhimer.com

Kacie Jackson kacie.jackson@thalhimer.com

September 19, 2014

UPSTATE BUSINESS JOURNAL

27

Sept. 19, 2014 UBJ  

Upstate Business Journal published for the Upstate of South Carolina. Designed and created by Community Journals.

Sept. 19, 2014 UBJ  

Upstate Business Journal published for the Upstate of South Carolina. Designed and created by Community Journals.