CRG, a real estate development and investment firm based in Chicago, announced Nov. 16 it has sold The Cubes at Inland 85 – Building C in Greer, to PRP, an investment management firm, for $119.5 million.
The 1.4 million-square-foot, Class-A distribution facility’s features include:
- A cross-dock loading configuration
- 36’ clear heights
- 246 dock doors
- A 185-foot truck court
- 555 spaces of excess trailer parking
“We have a high level of conviction in the Greenville-Spartanburg market and it’s been incredible to see our strategy play out successfully,” said CRG president Shawn Clark. “This project is the second expansion to over 1 million square feet to accommodate user requirements at The Cubes at Inland 85 and is a perfect example of the power of our integrated model, which allows CRG to deliver critical space for our clients while creating value for our investors.”
The facility, which began as a speculative 500,000-square-foot building with the ability to expand up to 1.4 million square feet, is fully leased to an affiliate of Techtronic Industries Co. Ltd.
