Anderson area industrial property sold for $7.7 million

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CM Knight Logistics, a logistics and supply chain company based in Simpsonville, has acquired the former LaFrance Industries manufacturing facility for $7.7 million and rebranded it as Anderson Industrial & Logistics Pointe.

The 405,000-square-foot facility built in 1969 is located on 45 acres at 290 Old Anderson Road, Pendleton, and was sold by Mauldin-based Mount Vernon Mills, the parent company of LaFrance Industries.

A domestic manufacturer that produces fabrics for paint rollers and for seating surfaces, LaFrance Industries has leased back 120,000 square feet at the facility, making approximately 288,000 square feet available for lease.

Fenced with gated access, the property features 1,900 square feet of frontage on U.S. 76 and offers access to Interstate 85 and close proximity to Clemson University and major manufacturers such as Arthrex and Michelin.

Perry Major with JLL represented CM Knight Logistics on the acquisition, and Robert Poirier with Stan Johnson Co. represented the seller. Major and Spencer Yorke of JLL will market the available space at Anderson Industrial & Logistics Pointe, which will undergo a series of upgrades for new tenants.

“With very little industrial space available in the Anderson market, this is a unique opportunity to reposition a large, well-located facility for today’s industrial users,” said Major, a senior vice president with JLL Carolinas.

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