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NAI Earle Furman: Class A Industrial Speculative Project Announced for Augusta Grove Business Park

11/08/2016

NAI Earle Furman: Class A Industrial Speculative Project Announced for Augusta Grove Business Park

331,850 SF building fills a void of industrial inventory in the Upstate, cutting-edge design to attract major business to the area

 

Greenville, South Carolina (November 1, 2016) – Augusta Grove, the largest industrial business park of its kind in Greenville County, today announced plans for a new, best-of-class speculative building that will be under construction by the end of the year.

 

At 331,850 square feet, the Class A, concrete, tilt-wall industrial project known as Augusta Grove #17 will have a 32-foot minimum clear height and create a commanding presence in the park.  Located on a premier 46.1-acre site at the intersection of Matrix Parkway and Old Grove Road, the rear-load facility can accommodate a multi-tenant configuration, but is best suited for a dominant lead single tenant. Auto parking is ample with room for expansion in the design; likewise for trailer storage. An ESFR sprinkler system and LED lighting program are just a few examples of the quality features in this property.

 

Market data shows there is a significant shortage of industrial property in Upstate South Carolina and the southeast which is creating heightened demand for available sites and Class A spec projects like Augusta Grove #17. The park’s existing tenants include a mix of successful manufacturing and logistics owners such as GE Aviation, KI Logistics, Roy Metals, The Blood Connection, Sun City Produce, JTEKT, Magna Industries and others. NAI Earle Furman is confident that the announcement of new spec inventory will attract more of the same. 

 

The President/CEO of the Greenville Area Development Corporation (GADC), J. Mark Farris added, “This speculative facility is being built during a time of unprecedented demand in Greenville County for contemporary industrial space. GADC is thrilled to work with TPA and NAI Earle Furman to find a tenant quickly so that we can validate a process that results in more jobs and investment for Greenville.” 

 

“The limited availability for Class A industrial buildings paired with the location and quality of this building make this a highly desirable property,” says Grice Hunt, Industrial Broker and Shareholder with NAI Earle Furman. “We have had a number of businesses express interest in Augusta Grove #17. The flexibility of the design makes it an attractive option for multiple users and a variety of space needs. Regardless of who locates in the space, this project provides the opportunity to bring new businesses and important jobs to our community.”

 

Augusta Grove #17’s cutting-edge, flexible design is the product of collaboration between Wakefield Beasley & Associates, a multi-national architectural firm out of Atlanta, and BlueWATER Civil Design, based in Greenville with a solid presence across the southeast. Harper Corporation, an award-winning general contractor also based in Greenville, will be handling construction. David Wise, President of The Harper Corporation said, “We are honored to be a part of the renewal of this vital business park for Greenville County. Our expertise with Tilt-Up Concrete Wall Panel Construction will allow us to create a top-quality Class-A Industrial Space for the Augusta Grove ownership team and serve the Upstate’s industrial market for years to come.”

 

The project is being developed by a group led by TPA Group of Atlanta and Greenville-based Appian Investments together with Boston-based Long Wharf Real Estate Partners. According to Tom Daniel, Shareholder with NAI Earle Furman and primary contact for the development, “With our rebranding effort, the highly visible Augusta Grove is uniquely positioned to take advantage of this cycle’s market opportunities – this spec building will be the first of many such buildings, as well as build-to-suits and land sales.”

Design plans are solidified, site work and construction have started, and NAI Earle Furman is actively marketing the Augusta Grove #17 building for lease or sale. The project’s estimated date of completion is late summer, 2017.

 

About Augusta Grove – A Greenville SC Business Park:  Augusta Grove is the premier industrial and business park in Upstate, South Carolina. The 1,100-acre park is strategically located in southern Greenville County’s “Hub of Industry” along the I-85 corridor halfway between Atlanta and Charlotte, Augusta Grove offers world-class industry leaders like GE Aviation, KI Logistics, Magna, JTEKT, and more all the advantages of a master-planned business park with convenient proximity to major interstates.  For more information, visit www.AugustaGrove.com

 

About NAI Earle Furman:  Based in Upstate South Carolina, NAI Earle Furman is a leading full-service commercial real estate firm specializing in the office, industrial, investment, retail, multifamily, healthcare and land sectors. With more than 80 employees across its Greenville, Anderson and Spartanburg offices, NAI Earle Furman is the largest commercial real estate firm in the Upstate region. They offer a wide range of services including sales, Ieasing, development, site selection, consulting, and property management. NAI Earle Furman’s Industrial Division has completed a total of 331 transactions in the past three years equating to over 10 million square feet and more than $156 Million.

 

A partnership with NAI Global allows NAI Earle Furman to access a network of worldwide real estate connections and offer international commercial real estate services to Upstate clients, while retaining local personality and knowledge. For more information, visit www.NAIEarleFurman.com

 

About Appian Investments:  Appian Investments is a Greenville-based private real estate investment group focused on identifying and structuring unique investment opportunities that create value for its investors and partners.  The group targets industrial, office, flex and retail properties primarily in the Upstate and other South Carolina markets.

 

About TPA Group:  Formed through the merger of two of Atlanta’s most respected real estate firms and with a combined 135 years of experience, TPA Group is a private real estate investment, acquisitions, and development firm whose principals have acquired and developed in excess of 25 million square feet and 27,000 acres – all valued at more than $5 billion.

 

TPA Group is renowned for its carefully-conceived and intelligently-designed master-planned developments.  Their vision balances the space needs of owners, tenants, residents, municipalities, and the surrounding community to achieve an attractive, functional, and enduring environment.  Knowing that economic activity is crucial to success, their developments are forward-thinking to ensure flexible, functional, accessible design.  With a portfolio of master planned developments, TPA Group has unsurpassed knowledge of the critical elements and stakeholders necessary to ensure success. For more information, visit www.TPA-Grp.com

 

About Long Wharf Real Estate Partners:  Long Wharf Real Estate Partners is a Boston-based private equity real estate manager focused exclusively on value-added investments in the U.S. Investing on behalf of institutional clients including corporate and public pension funds, endowments, foundations, and family offices, Long Wharf utilizes a broad-based value-added strategy targeting opportunities in multiple property sectors and markets across the country.

 

Including experience prior to becoming an independent firm in 2011, Long Wharf has invested more than $2.9 billion of equity in over 200 properties across the U.S. since 1995. For more information visit www.lwrep.com   

 

Contact: Lauren Newton

864-232-9040  |  lnewton@naiearlefurman.com

 

Download:

Augusta Grove #17 Spec Building - Exterior Design Rendering

Augusta Grove Media Kit

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