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.