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.”
- ◦Development