{"id":1004201537,"date":"2017-12-21T03:04:06","date_gmt":"2017-12-21T11:04:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004201537"},"modified":"2022-12-08T16:09:47","modified_gmt":"2022-12-09T00:09:47","slug":"crg-gramercy-deliver-sc-pharmaceutical-warehouse","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/crg-gramercy-deliver-sc-pharmaceutical-warehouse\/","title":{"rendered":"CRG, Gramercy Deliver SC Pharmaceutical Warehouse"},"content":{"rendered":"

By Gail Kalinoski<\/em><\/p>\n

\"Bausch+Lomb<\/a>

Bausch+Lomb’s Class A pharmaceutical warehouse in Greenville, S.C.<\/p><\/div>\n

Bausch+Lomb has moved into its new 432,000-square-foot build-to-suit, Class A warehouse in Greenville, S.C., about eight months after construction began on the project developed by CRG and Gramercy Property Trust.<\/p>\n

This is the first phase of the development for the Valeant Pharmaceuticals Inc.-owned company that focuses on manufacturing eye care products. The second phase will allow Bausch+Lomb to expand operations by an additional 432,000 square feet.<\/p>\n

\u201cThis development is important to Bausch+Lomb\u2019s already established operations in the area and represents significant growth in the region,\u201d<\/em> CRG President Chris McKee said in a prepared statement.<\/p>\n

\"Bausch+Lomb<\/a>

CRG\u2019s build-to-suit for Bausch + Lomb in Greenville, S.C. is complete. The company, took occupancy in October.<\/p><\/div>\n

Bausch+Lomb already has a manufacturing facility four miles from the new site, which is also close to Interstate-85 and Interstate-385. The eye care product manufacturer isn\u2019t the only company operating in the region. Michelin North America is currently expanding operations at its Greenville location and BMW US Manufacturing has a plant located in nearby Greer, S.C.<\/p>\n

CRG, in partnership with Gramercy Property Trust, began construction of the Bausch+Lomb warehouse in March. The Class A facility includes a 38-foot clear-height, temperature-controlled warehouse, ESFR sprinkler system, 42 loading docks, one drive-in door, an expansion pad adjacent to the building, 101 trailer spaces and 94 auto spaces.<\/p>\n

Clayco Inc., a full-service real estate development, architecture and engineering firm, served as the design builder on the project and its subsidiary, Forum Studio, was the architect.<\/p>\n

Focus on industrial assets<\/strong><\/h2>\n

CRG, Clayco\u2019s private real estate investment group, has other projects in the Southeast, including a 1 million-square-foot industrial building in a 311-acre business park development in the Atlanta suburb of Locust Grove, Ga., that is expected to be completed in early 2018. Larry Chapman, CRG Partner, told Commercial Property Executive<\/em> in May that the company had been focusing on the industrial portion of its company for nearly two years. That had resulted in speculative developments, as well as build-to-suit projects like the Bausch+Lomb facility in South Carolina. Headquartered in St. Louis, the CRG team has delivered more than 160 million square feet of commercial, industrial and multifamily assets exceeding $9 billion in value.<\/p>\n

Gramercy Property Trust, a New York-based global investor and commercial real estate asset manager, has also been repositioning its portfolio to include more industrial assets in recent years. In August, the REIT launched a joint venture to acquire, own and manage newly constructed e-commerce distribution facilities<\/a> and entered into an agreement to acquire a 41-property, 7.8 million-square-foot warehouse portfolio for $479 million.<\/p>\n

Images courtesy of CRG<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The partnership began building the project for Bausch+Lomb in March. A second phase could double the size of the new 432,000-square-foot facility.<\/p>\n","protected":false},"author":1068,"featured_media":1004201543,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21748,21742],"tags":[32869,38680,33227],"class_list":["post-1004201537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-industrial","category-latest","tag-clayco","tag-crg-real-estate-solutions","tag-gramercy-property-trust"],"acf":[],"yoast_head":"\nCRG, Gramercy Deliver SC Pharmaceutical Warehouse - 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\/crg-gramercy-deliver-sc-pharmaceutical-warehouse\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CRG, Gramercy Deliver SC Pharmaceutical Warehouse\" \/>\n<meta property=\"og:description\" content=\"The partnership began building the project for Bausch+Lomb in March. A second phase could double the size of the new 432,000-square-foot facility.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/crg-gramercy-deliver-sc-pharmaceutical-warehouse\/\" \/>\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=\"2017-12-21T11:04:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T00:09:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Bausch-Lomb_warehouse.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/crg-gramercy-deliver-sc-pharmaceutical-warehouse\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/crg-gramercy-deliver-sc-pharmaceutical-warehouse\/\",\"name\":\"CRG, Gramercy Deliver SC Pharmaceutical Warehouse - 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