{"id":1004083311,"date":"2013-09-08T20:22:11","date_gmt":"2013-09-09T04:22:11","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=175406"},"modified":"2025-02-18T05:24:50","modified_gmt":"2025-02-18T13:24:50","slug":"spartanburg-transaction-yet-again-highlights-strength-of-sc-manufacturing-and-warehouse-facility-market","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/spartanburg-transaction-yet-again-highlights-strength-of-sc-manufacturing-and-warehouse-facility-market\/","title":{"rendered":"Spartanburg Transaction Yet Again Highlights Strength of SC Manufacturing and Warehouse Facility Market"},"content":{"rendered":"<p><em>By Eliza Theiss, Associate Editor<\/em><\/p>\n<p>South Carolina sports the strongest growing manufacturing GDP on the East Coast. It should come as no surprise that manufacturing and distribution facilities are a hot asset to be had in the Palmetto State.<\/p>\n<p>One of the most recent manufacturing facility transactions in the state of South Carolina was brokered by Atlanta-headquartered Bull Realty, Inc. The CRE sales and consulting firm brokered the $10.8 million transaction of a 156,800-square-foot manufacturing and distribution facility in Spartanburg County. <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/09\/1200-Woods-Chapel-Road1.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright  wp-image-175410\" title=\"1200 Woods Chapel Road\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/09\/1200-Woods-Chapel-Road1.bmp\" alt=\"\" width=\"365\" height=\"170\" \/><\/a>Bull Realty\u2019s Virginia Wright, CCIM, represented buyer RT Woods Chapel LLC, and affiliate of Chambers Street Properties LLC, a publicly traded net lease industrial and office REIT. Seller ACPS LLC was represented by Greenville, S.C.-based Merritt and Company\u2019s Dick Merritt, CCIM.<\/p>\n<p>The concrete tilt-up style facility is located at 1200 Woods Chapel Road on a 32.5-acre site. Inaugurated in 2009, the property presents the possibility of expanding by 273,000 square feet. It is fully leased on a triple net basis to Lear Operation Corp., a plastic automotive components supplier. It is also in close proximity to I-58, the Greenville-Spartanburg Airport as well as to Greer, S.C., where South Carolina Inland Port is developing a new intermodal facility. The inland port is expected to open by the end of the month.<\/p>\n<p>\u201cIn today\u2019s marketplace, investors are hungry for net-leased properties such as 1200 Woods Chapel Road,\u201d said Michael Bull, president and founder of Bull Realty. \u201cThese properties typically offer landlords the stability and <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/09\/charleston-industrial-2013-q2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-175413\" title=\"charleston industrial 2013 q2\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/09\/charleston-industrial-2013-q2.jpg\" alt=\"\" width=\"300\" height=\"157\" \/><\/a>security of financially strong tenants on long-term leases.\u201d With this acquisition, Chambers Street now owns over 2.1 million square feet of warehouse and distribution assets in the Spartanburg region.<\/p>\n<p>Chambers Street Properties is a net lease industrial and office REIT with a portfolio of 129 assets encompassing 34.2 million rentable square feet, worth $3.3 billion, as of June 2013.<\/p>\n<p><em>Image courtesy of The Wilbert Group<\/em><\/p>\n<p><em>Chart courtesy of Cushman &amp; Wakefield | Talhimer<\/em><em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Carolina sports the strongest growing manufacturing GDP on the East Coast. It should come as no surprise that manufacturing and distribution facilities are a hot asset to be had in the Palmetto State.<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[1815],"class_list":["post-1004083311","post","type-post","status-publish","format-standard","hentry","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Spartanburg Transaction Yet Again Highlights Strength of SC Manufacturing and Warehouse Facility Market - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/spartanburg-transaction-yet-again-highlights-strength-of-sc-manufacturing-and-warehouse-facility-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spartanburg Transaction Yet Again Highlights Strength of SC Manufacturing and Warehouse Facility Market\" \/>\n<meta property=\"og:description\" content=\"South Carolina sports the strongest growing manufacturing GDP on the East Coast. It should come as no surprise that manufacturing and distribution facilities are a hot asset to be had in the Palmetto State.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/spartanburg-transaction-yet-again-highlights-strength-of-sc-manufacturing-and-warehouse-facility-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-09-09T04:22:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-18T13:24:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/09\/1200-Woods-Chapel-Road1.bmp\" \/>\n<meta name=\"author\" content=\"Eliza Theiss\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/spartanburg-transaction-yet-again-highlights-strength-of-sc-manufacturing-and-warehouse-facility-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/spartanburg-transaction-yet-again-highlights-strength-of-sc-manufacturing-and-warehouse-facility-market\\\/\"},\"author\":{\"name\":\"Eliza Theiss\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\"},\"headline\":\"Spartanburg Transaction Yet Again Highlights Strength of SC Manufacturing and Warehouse Facility Market\",\"datePublished\":\"2013-09-09T04:22:11+00:00\",\"dateModified\":\"2025-02-18T13:24:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/spartanburg-transaction-yet-again-highlights-strength-of-sc-manufacturing-and-warehouse-facility-market\\\/\"},\"wordCount\":324,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/spartanburg-transaction-yet-again-highlights-strength-of-sc-manufacturing-and-warehouse-facility-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/09\\\/1200-Woods-Chapel-Road1.bmp\",\"keywords\":[\"National\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/spartanburg-transaction-yet-again-highlights-strength-of-sc-manufacturing-and-warehouse-facility-market\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/spartanburg-transaction-yet-again-highlights-strength-of-sc-manufacturing-and-warehouse-facility-market\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/spartanburg-transaction-yet-again-highlights-strength-of-sc-manufacturing-and-warehouse-facility-market\\\/\",\"name\":\"Spartanburg Transaction Yet Again Highlights Strength of SC Manufacturing and Warehouse Facility Market - 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