Collett Industrial, GTIS Partners Form $140M Joint Venture for SC Development
Charlotte, NC-based Collett Industrial has entered into partnership with GTIS Partners to acquire and develop two projects in Greenville, SC that have a total capitalization of $140 million.
The projects, which will total nearly 1.2 million square feet of industrial space upon completion, are located directly adjacent to one another within the same Opportunity Zone on the eastern edge of the South Carolina Technology & Aviation Center.
One of the projects, Willimon Business Park, has executed leases or letters of intents with tenants totaling approximately 520,000 square feet.
“We’re excited to continue our investment in the GSP market alongside our partners at GTIS,” said Teddy Hull, a principal at Collett Industrial. “The success we’ve seen at Willimon Business Park to date is testament to the numerous competitive advantages across GSP, including a strong labor force and commitment by local municipalities and the Greenville Area Development Corporation to attract and retain quality businesses.”
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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