VanTrust Real Estate, a national real estate developer, announced its expansion into South Carolina with the purchase of two parcels of industrial land in the Upstate. The development will be called “The Exchange Logistics Park at I-85,” and when completed will total more than 1 million square feet of warehouse, distribution and industrial buildings.
The first site is located on 73 acres in Anderson County, where the firm will break ground later this month on a speculative 289,173-square-foot industrial building, located on Interstate 85. Givens Stewart of Wilson Kibler will be the listing agent for the spec building and Harper Construction will be the building contractor.
Anderson County officials have welcomed VanTrust’s interest in the region and its plans to increase the amount of industrial space available for businesses in the area.
“I am personally excited and appreciative that a company like VanTrust has decided to invest in Anderson County,” said Councilman Jimmy Davis, Council District 6.
The second land parcel includes 57 acres in Spartanburg County, where VanTrust plans to
develop a new industrial park at the intersection of S.C. 290 and S.C. 221 with direct access to I-85. The site can accommodate users from 50,000 square feet up to 1 million square feet, one of the few in the Greenville-Spartanburg market that will be prepared to do so.
“We chose the Greenville-Spartanburg area for our first project in South Carolina because of the strong growth the region has achieved in recent years, as well as its strategic location,” said Andrew Weeks, executive vice president of VanTrust.
The site is fully serviced, entitled and ready for projects that require speed to market. Listing agent is Trey Pennington with CBRE.
“Spartanburg County proudly works with our private partners to be better prepared for industrial prospects,” said Kyle Sox, director of business development, Spartanburg, EFG. “VanTrust’s investment in Spartanburg is not only an affirmation of Spartanburg’s industrial market, but also an important step in being ready for the next ‘big thing’ to come to our region.”
VanTrust management will look for additional development opportunities in the state and hopes to continue its expansion in the Greenville-Spartanburg area. For information about VanTrust Real Estate, visit vantrustrealestate.com.