
Blue Vista Acquires 56-Acre Industrial Site in Spartanburg, SC
Blue Vista Capital Management has acquired a 56-acre site at 1298 New Cut Road in Spartanburg, SC. The property has a 201,718-square-foot manufacturing and warehouse building, 31 acres of undeveloped land and more than 300 parking spaces. The investment is a joint venture between Blue Vista and IP Capital Partners.
The existing building at New Cut Road features multiple points of ingress and egress, four dock high doors, three drive-in doors, a significant power infrastructure, and it’s fully air conditioned.
“Spartanburg, and the broader South Carolina Upstate region is the state’s largest consolidated metro area and generates significant demand for mid-sized manufacturing and distribution space,” said Brandon Goetzman, Managing Principal & Co-Head of Equity. “We believe this is a flexible property that can accommodate a wide range of local or regional users, with multiple points of access, excessive power infrastructure and access to the region’s large labor force.”
- ◦Sale/Acquisition