SunCap Property Group has purchased 18 acres on Tyger Lake Road in Spartanburg and plans to develop a Class A industrial project with availability for a range of tenants. SunCap expects to break ground on the project this month.
Named “Spartan Exchange,” the 213,200-square-foot industrial building will be divisible to 54,080 square feet to fit the varying needs of tenants.
The building’s rear-loading area will be 260 feet by 820 feet and feature 32-foot clearance heights, 22 dock doors, two drive-in doors, and trailer parking.
“SunCap remains confident in the continued performance of the Spartanburg industrial market,” said Derek Mathis, SunCap Property senior vice president. “Given our proximity to U.S. 29, I-85, and I-26, we believe Spartan Exchange provides an excellent option for companies requiring direct access to the area’s major manufacturers, as well as Greenville–Spartanburg International Airport and the Inland Port in Greer.”
SunCap was represented by Garrett Scott, John Montgomery, and Brockton Hall of Colliers International | South Carolina in the land transaction. Colliers International | South Carolina will also handle all project leasing and management.
Headquartered in Charlotte, N.C., SunCap is a privately held, national commercial real-estate development, investment, and advisory firm. Notable Upstate projects developed by SunCap include the Magna Seating manufacturing facility in Moore, a distribution center in Spartanburg, and Forrester Park distribution and light manufacturing center in Greenville.