Former Caterpillar plant in Fountain Inn sold

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An investors group has purchased a 203,000-square-foot industrial building in Fountain Inn that once housed a Caterpillar Inc. plant.

Southchase Investors 107 LLC purchased the building on about 26 acres at 107 Southchase Blvd., for $5.75 million, according to Cushman & Wakefield | Thalhimer, which brokered the sale. Charlie Whitmire of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of Caterpillar.

NAI Earle Furman’s Hunter Garrett, John Staunton and Tom Daniel represented the buyer.

Manufacturing users are looking at the building but no lease has been signed, Garrett said. “But we’re working towards it,” he said.

The property is located in Southchase Industrial Park off Interstate 385 in Greenville County.

Caterpillar said in April 2014 it would close its Fountain Inn plant and shift production of its marine and midrange engines to facilities in Georgia and Texas.

The move displaced an estimated 380 full-time employees and 130 temporary workers.

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