Spartanburg, February 24, 2021 – The Colliers team of Garrett Scott, John Montgomery and Brockton Hall represented the buyer, Pacolet Milliken, and the seller, Courtland Development, in the sale of a newly delivered ±439,360-square-foot industrial building at 200 Fort Prince Blvd. in Spartanburg, South Carolina.
The modern, 36-foot clear, Class A building was built as speculative industrial space by Courtland Development and completed in early 2020. The facility is situated at a prime location with frontage along the I-85 corridor in Spartanburg, with interstate visibility to ±95,000 vehicles per day. Ft. Prince Commerce Center is approximately 10 miles from BMW Plant Spartanburg, GSP International Airport and the Inland Port in Greer, meeting both regional distribution and local manufacturing supplier requirements. The building is poised to deliver on speed-to-market demands with the addition of several dock doors as well as a ±2,500-square-foot office complete with conference and restroom facilities.
Pacolet Milliken is a family-owned investment company based in the Upstate of South Carolina with deep roots in the region. The company currently owns more than 3,000 acres of industrial land throughout South Carolina and has been instrumental in bringing several beneficial economic development projects to Spartanburg County including Keurig Dr. Pepper, Magna Seating, Toray, Sterling Packaging, Ritrama and Kobelco at Tyger River Industrial Park on Hwy 290 in Moore.
Ft. Prince Commerce Center is Pacolet’s first speculative industrial building purchase in Spartanburg County, demonstrating the firm’s belief in, and commitment to the Spartanburg market. The project complements Pacolet’s existing portfolio of industrial, multi-family, land, retail and office holdings throughout the United States.
“We are always looking to further our mission of acquiring and developing best-in-class industrial facilities throughout South Carolina and Ft. Prince Commerce Center is a welcome addition to our existing portfolio of assets,” said Clay Adams, President of Real Estate at Pacolet Milliken. “The facility is perfectly suited for a wide range of industrial users with cross-dock orientation, ample trailer loading docks and parking in a location that’s hard to beat right on the I-85 corridor. We look forward to leasing this modern, well-designed building to a tenant who will bring value to the surrounding community.”
View full property details at colliers.com
