Automotive supplier Fuyao Asset Management, LLC recently purchased a 182,534-square-foot industrial facility located on 110 Milacron Drive in Fountain Inn.
Represented in the transaction by CBRE Greenville’s Campbell Lewis, 844 S.E. Main, LLC sold the facility and 63.19 acres on which it sits. Fuyao plans to expand operations in the area through the new property.
Lewis recently represented 844 S.E. Main, LLC in another transaction to acquire a industrial facility on 700 North Woods Drive. Also located in Fountain Inn, the 423,000-square-foot facility was sold by Delwood, LLC.
Formerly the Woodside Mills Beattie plant, the property will be extensively renovated by the current owner to gain new tenants. The 57-year-old property sits on 37.6 acres with I-385 frontage. It also features 19- to 20-foot clear heights, nine dock high doors, one drive-in door, and capacity to generate 17,100 kilowatts of power.
Planning improvements to the property, the owner is considering raising the roof to at least 30-feet clear height. An additional 52 acres adjacent to 700 North Woods Drive is available for sale, providing the possibility of future expansion.
“We’re very excited to be a part of 844 S.E. Main’s success story, identifying and transforming dated industrial properties into state-of-the-art facilities to meet current user demand,” Lewis said in the release.
Lewis is also marketing the property for lease moving forward.
“700 North Woods Drive will be offered to tenants in need of spaces ranging from 25,000 to 423,000 square feet, and we expect to receive a lot of interest from manufacturing, warehouse, and data center users,” he said in the release.