
Pearlmark and Farpoint Development Close on SC Industrial
Pearlmark and Farpoint Development have acquired 134 Long Road, a 50-acre parcel in the Greenville-Spartanburg MSA, for a 560,000-square-foot cross-docked industrial building.
The property is near I-85, the primary transit corridor between Atlanta and Charlotte. Farpoint and MCA Architecture designed the property to modern standards as a Class-A, tilt-wall facility featuring 40-foot clear heights, ESFR sprinklers, and large truck courts with ample employee parking. Farpoint is serving as the development manager, and the project team includes Seamon Whiteside, EAS, and Vannoy Construction, with construction debt provided by First Carolina Bank.
The Project’s leasing brokers will be Marcus Cornelius and Campbell Lewis of CBRE.
“134 Long Road represents a unique opportunity to capture the significant demand for industrial space in the dynamic I-85 corridor. The strategy is a perfect fit as our debut transaction in our latest equity fund, PEP II,” said Pearlmark Managing Director Keith Page.
- ◦Sale/Acquisition
- ◦Development