Dallas-based Courtland Development recently announced that it has purchased more than 100 acres of land on Fort Prince Road in Spartanburg to construct a speculative building.
The Ft. Prince Commerce Center will consists of two sites — Ft. Prince Commerce One and Ft. Prince Commerce Two, according to a news release.
Commerce One is currently undergoing site work in preparation for a 436,800-square-foot cross-dock building, which is expected to be finished in August 2019, the release said.
Commerce Two is a 399,000-square-foot building site available for build-to-suit projects.
Financial details of the project were not disclosed, but Courtland Development said the addition of the Ft. Prince Commerce Center is expected to attract companies with distribution, third-party logistics, automotive, and advanced-manufacturing needs within the rapidly expanding industrial corridor in Spartanburg.
“We have been very meticulous in the planning of Fort Prince Commerce Center — taking into account the demand drivers and industrial users need within the I-85 Spartanburg market,” said Jon Napper, Courtland Development managing partner, in the release. “This location provides unobstructed access to BMW and the Inland Port in Greer, as well as 95 million people within an eight-hour drive.”
Colliers International is representing Courtland in the leasing of both buildings at Commerce Center. JDI Realty is a partner with Courtland, and construction financing was provided by Cross Harbor Debt Fund. Construction is being managed by Harper General Contractors.
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