CRG completes 1.3 million-square-foot South Carolina distribution centre
1,318,680 square foot logistics warehouse has already been leased
CRG, a national real estate development and investment firm, has completed a . It also announced the sale and lease sold and leased commencement and sale of a facility located at The Cubes at Inland 85 in Duncan, SC.
The development, originally a 500,280 square foot speculative warehouse, was expanded to accommodate a Fortune 500 investment grade tenant. An affiliate of Lexington Realty Trust acquired ownership of the property upon lease commencement.
The new facility is the first vertical project at The Cubes at Inland 85. The 324-acre industrial park is strategically located between Greenville and Spartanburg, SC, near the GSP Airport, I-85, and less than 2 miles from the Inland Port in Greer, SC.
CRG recently developed a 1 million-square-foot speculative project at The Cubes at Bridgeport in Atlanta, GA, a 1.2 million-square-foot facility for Kohl's at The Cubes at Etna 70 in Columbus, OH and a 750,000 SF speculative project that was leased to Kimberly-Clark at The Cubes at Dupont in Seattle, WA.
"This project is an amazing example of our integrated delivery model and the value we can bring Fortune 500 clients," said Shawn Clark, President of CRG. "Our ability to provide design, construction and development services allowed CRG to react quickly and accommodate our client's requirement."
"The project benefits from great access to major transportation which we know is more important than ever as e-commerce providers are striving to meet the growing consumer demands for quick delivery," said Mike Demperio, Partner and Senior Vice President of the Southeast Region at CRG. "Additionally, the Greenville area is a very attractive investment market because of the strong labor force."