Charlotte, N.C.-based SunCap Property Group has purchased Forrester Park in Greenville. The property is a fully leased 236,800-square-foot business distribution and light-manufacturing center located at 201 Forrester Drive, near the intersection of Laurens Road and Forrester Drive.
The site is a mile from I-85 and adjacent to Millennium Park and the Clemson University International Center for Automotive Research (CU-ICAR).
Tenants include Gexpro Services, Safelite Auto Glass, Woodward, Trust
Technologies, and Aerodyne Alloys.
The seller, BCM Associates, was represented by Kim Wilson of Boyette Properties in the transaction, and SunCap Property Group had no outside representation. Colliers International’s Greenville office will be responsible for leasing and management of the buildings.
This is SunCap’s third project in the greater Greenville area since the company’s inception in 2009. In 2015, SunCap developed a FedEx Ground distribution facility in Spartanburg, and SunCap recently completed an automotive manufacturing facility for Magna Seating in Moore.
“As evidenced by our history of development and investment here, SunCap firmly believes in the strength of the Greenville-Spartanburg market,” said Derek Mathis, SunCap Property senior vice president. “We are excited about this latest acquisition and are actively pursuing other opportunities in the Upstate region.”
SunCap Property Group is a privately held, national commercial real estate development, investment, and advisory firm, specializing in the development of speculative and single-tenant build-to-suit facilities, the creation of multifamily and mixed-use communities, and the acquisition of institutional-grade real estate in key markets.