Velocity II. Picture courtesy of Cushman & Wakefield
Stream Realty Companions has bought Velocity II, a 297,607-square-foot Class A industrial facility in Greer, S.C., for $29 million. The acquisition comes simply months after the corporate picked up a completely leased, 826,250-square-foot industrial campus in Backyard Metropolis, Ga., in a $113 million deal.
Cushman & Wakefield labored on behalf of the vendor, CKCI Velocity II LLC, an entity associated to Childress Klein, in keeping with CommercialEdge. The property is a part of Velocity Park, a 131-acre master-planned industrial campus encompassing 2.4 million sq. ft of area throughout 17 buildings.
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Stream and Cullum Pursuits developed the property on a speculative foundation. Accomplished in 2022, the ability is at present absolutely occupied by Sunland Logistics Options. Situated at 915 Victor Hill Street, the single-story Velocity II constructing consists of 32-foot clear heights, LED lighting techniques, ESFR sprinklers, 5 workplace retailer fronts, two drive-in doorways, 66 dock-high doorways, 85 trailer parking spots and 220 car parking spots that may be additional expanded.
Located on a 20-acre lot, the asset is near Interstate 85 and BMW’s Manufacturing Plant and Operations Heart. The property is 5 miles from Greer Inland Port, 5.6 miles from Greenville-Spartanburg Worldwide Airport, 16 miles from Spartanburg, S.C., and 17 miles from Greenville, S.C.
Earlier investments within the space
Cushman & Wakefield’s Vice Chairman Stewart Calhoun, Government Administrators Casey Masters, Rob Cochran and Invoice Harrison, Senior Administrators Brian Younger, Kacie Jackson and Elliott Fayssoux, along with Director Nolan Ashton, labored on behalf of the vendor.
Different latest industrial offers within the state included the sale of the newly accomplished Airport Distribution Heart in West Columbia, S.C. Scannell Properties offered the asset to Cooperative Electrical Power Utility Provide Inc., for $24.7 million. Located adjoining to Columbia Metropolitan Airport, the 247,000-square-foot speculative industrial property shall be expanded and modified to accommodate the brand new possession’s company headquarters.
In November 2022, a 450,033-square-foot industrial property in Graniteville, S.C., modified fingers for $30.2 million. JLL negotiated on behalf of the sellers, Edgewater Ventures and Singerman Actual Property.
