Woodfield Commerce Heart got here on-line earlier this yr in Fountain Inn, S.C. Picture courtesy of Lightstone Group
Lightstone Group has acquired Woodfield Commerce Heart, a 320,000-square-foot industrial facility in Fountain Inn, S.C. The three way partnership of Tectonic and Angelo Gordon bought the Class A asset for $32 million, public data present. The Lightstone Logistics Southeast staff, out of Charlotte, N.C., organized the deal on behalf of the customer.
Lightstone additionally financed the acquisition with a $27.5 million bridge mortgage originated by Seven Hills Realty Belief. The notice has a two-year preliminary time period with a one-year extension possibility.
Newly developed within the Greenville-Spartanburg market
Woodfield Commerce Heart got here on-line within the first quarter of this yr at 200 Worldwide Blvd. The ability options 36-foot clear heights, 30 dock doorways, 2 drive-in doorways, LED lighting, an ESFR sprinkler system and 50-foot by 54-foot column spacing, in addition to 190 automotive parking areas and 76 trailer parking positions. Avison Younger will present property administration providers.
Located within the Greenville-Spartanburg market, Woodfield Commerce Heart is near Interstate 385 within the I-85 Auto Hall. The placement supplies straightforward freeway entry throughout the state and to the Port of Charleston.
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Close by automotive firms within the space embrace Michelin North America, Draexlmaier Group, Automotive of America, Magna Seating of America and BMW. A $1 billion growth of the BMW Spartanburg manufacturing plant, positioned some 25 miles from Woodfield Commerce Heart, was introduced in 2022.
Additionally within the Spartanburg market, Frampton Building Co. and Greystar Actual Property Companions are growing a 2 million-square-foot industrial park. The primary section of the mission is about to comprise two warehouse amenities totaling 1.2 million sq. ft.
