The new owners of what used to be The Matrix, Greenville County’s industrial park, aren’t wasting any time trying to spur new development on the property in southern Greenville County.
They announced plans Tuesday to build a 331,850-square-foot industrial building on 46 acres at the intersection of the Matrix Parkway, the main drive into the property, and Old Grove Road without first having a signed lease in hand.
A joint venture led by Atlanta’s TPA Group is developing the speculative building and intends for it to “create a commanding presence in the park” and have a “dominant, lead single tenant” though it could accommodate multiple tenants, according to a press release from NAI Earle Furman, a Greenville real estate brokerage that’s marketing the property.
The joint venture developing the building includes Greenville-based Appian Investments and Boston-based Long Wharf Real Estate Partners, in addition to TPA, according to the press release.
A partnership between TPA, Appian and the Greenville County Business Park Public Facilities Corp. announced in September that it had acquired 709 undeveloped acres that was part of The Matrix and is now marketing the property as Augusta Grove.
Developers have found success lately across the Upstate in leasing industrial buildings they built on a speculative basis without first having a signed lease in hand.
A logistics provider for Colgate-Palmolive, for example, leased a spec building on White Horse Road, and auto supplier Tower International leased one in Fountain Inn’s Southchase industrial park.
Companies that have already established operations in the former Matrix include GE Aviation, KI Logistics, Roy Metals, The Blood Connection, Sun City Produce, JTEKT and Magna.
Greenville Area Development Corp., Greenville County’s economic development organization, will work to find a tenant quickly for the building planned at Augusta Grove, said Mark Farris, GADC president.
“This speculative facility is being built during a time of unprecedented demand in Greenville County for contemporary industrial space,” Farris said.
Grice Hunt, a broker with NAI Earle Furman, said,“The flexibility of the design makes it an attractive option for multiple users and a variety of space needs. Regardless of who locates in the space, this project provides the opportunity to bring new businesses and important jobs to our community.”
BlueWATER Civil Design of Greenville will help design the building, which will be constructed by Harper Corp. of Greenville, according to the press release.