RealtyLink Lands $25M for Industrial Development

RealtyLink has obtained $24.8 million in development financing to develop the primary part of an 878,800-square-foot industrial campus in Spartanburg, S.C. Avison Younger organized the be aware, in addition to $12 million in three way partnership fairness.

Carter Financial institution & Belief originated the mortgage, in line with Spartanburg County public information.

The primary part of the event consists of two amenities measuring 229,840 sq. ft every. Completion of those buildings is predicted in late 2025. The campus’ second part will see the development of a 419,120-square-foot build-to-suit warehouse.

READ ALSO: Why Mild Industrial Properties Will Proceed to Shine

Every facility can have 36-foot clear heights and 185-foot truck courts. Upon full build-out, the park will complete 150 dock-high loading doorways, two drive-in doorways, 208 trailer stalls and about 600 automotive parking spots.

The buildings will rise on roughly 78 acres and supply quick access to interstates 85 and 26. Downtown Spartanburg is lower than 6 miles away, whereas downtown Charlotte, N.C., is a few 78 miles northeast.

Avison Younger Principals Jon Goldstein, Michael Yavinsky and Wes Boatwright, together with Vice President Connor Burke, organized the mortgage and the three way partnership fairness on behalf of the developer.

Greenville sees extra amenities underway

Grenville’s industrial sector at present has 14 developments underneath development, set to complete nearly 5.4 million sq. ft upon completion, in line with CommercialEdge data. Moreover, there are 13 extra tasks within the planning phases, anticipated to embody roughly 3.2 million sq. ft.

Final week, GTIS Companions and Collett Industrial broke floor on Stateline 85, a 933,120-square-foot, three-building campus in Blacksburg, S.C. The primary part will encompass two amenities totaling about 423,360 sq. ft and is scheduled to come back on-line by subsequent summer season.

In February, Crescent Communities delivered AXIAL Crosspoint, a 558,000-square-foot industrial park in Greenville, S.C. The corporate began development on the three-building, 72-acre campus in 2022.