Pearlmark, Farpoint Close on 50-Acre Industrial Development Site
Pearlmark and Farpoint Development closed on the acquisition of 134 Long Road, a 50-acre development parcel located in Williamston, South Carolina, part of the larger Greenville-Spartanburg MSA.
Daniel Rosenberg of Bellwether Enterprise’s Chicago office arranged the equity and debt financing. CBRE’s Marcus Cornelius and Campbell Lewis are the leasing brokers. Farpoint plans to develop a 560,000-square-foot cross-docked industrial building designed by MCA Architecture.
This development is the first investment in Pearlmark’s latest equity fund, Pearlmark Equity Partners II, L.P. The project team includes regional industrial experts Seamon Whiteside, EAS, and Vannoy Construction, with construction debt provided by First Carolina Bank.
The facility will be a Class-A, tilt-wall facility featuring 40’ clear heights, ESFR sprinklers, and large truck courts with ample employee parking. The property is strategically located near I-85, which is the primary transit corridor between Atlanta and Charlotte, the two largest industrial markets in the region.
Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories.
With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.