Greenville-based RealOp Investments and Kennedy Wilson, a global real estate investment company, recently announced the $33.1 million joint acquisition of Inland Woods Logistics Center in Duncan.
The 430,700-square-foot Class A industrial facility is located at 1127 Woods Chapel Road. The facility sits on 39 acres located less than two miles from Inland Port Greer and near BWM’s manufacturing plant.
The acquisition of the Inland Woods Logistics Center is Kennedy Wilson’s first commercial equity investment in the Southeast. Evan Kantor, head of Kennedy Wilson’s Commercial Investment Group, said they are excited to partner with RealOp Investments on this significant acquisition.
“The region is primed to benefit from strong manufacturing investment, growing port activity and sustained population growth, and we believe Inland Woods is well-positioned to serve as a hub for businesses in this dynamic market,” Kantor said.
Inland Woods Logistics Center features dock equipment, LED lighting, ESFR sprinklers and substantial infrastructure for single or multiple tenants. The new ownership team also plans to add a speculative office suite to enhance the industrial facility. Leasing for the industrial facility will be led by CBRE’s Trey Pennington, Jeff Benedict and Tripp Speaks.
“With limited new industrial construction underway, we expect the market to absorb current supply and return to a balanced environment,” said Reggie Bell, CEO of RealOp Investments. “Inland Woods is ideally located to capture this demand, and our partnership with Kennedy Wilson strengthens our ability to execute on the value-add business plan.”
