{"id":1004729102,"date":"2024-09-17T08:32:32","date_gmt":"2024-09-17T16:32:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004729102"},"modified":"2024-09-17T08:33:28","modified_gmt":"2024-09-17T16:33:28","slug":"realtylink-lands-25m-for-industrial-development","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/realtylink-lands-25m-for-industrial-development\/","title":{"rendered":"RealtyLink Lands $25M for Industrial Development"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/720-Zimmerman-ROad.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-attachment-id=\"1004729103\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/realtylink-lands-25m-for-industrial-development\/720-zimmerman-road\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/720-Zimmerman-ROad.png\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"720 Zimmerman ROad\" data-image-description=\"&lt;p&gt;Exterior shot of one of the facilities at 720 Zimmerman Road in Spartanburg, S.C.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The three-building campus will total 878,800 square feet and will consist of two speculative developments and one build-to-suit facility. Image courtesy of Avison Young&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/720-Zimmerman-ROad.png?w=1000\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/720-Zimmerman-ROad.png\" alt=\"Exterior shot of one of the facilities at 720 Zimmerman Road in Spartanburg, S.C.\" class=\"wp-image-1004729103\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/720-Zimmerman-ROad.png 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/720-Zimmerman-ROad.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/720-Zimmerman-ROad.png?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption class=\"wp-element-caption\">The 878,800-square-foot campus will consist of two speculative buildings and a build-to-suit facility.<em> Image courtesy of Avison Young<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>RealtyLink has obtained $24.8 million in construction financing to develop the first phase of an 878,800-square-foot industrial campus in Spartanburg, S.C. Avison Young arranged the note, as well as $12 million in joint venture equity.<\/p>\n\n\n\n<p>Carter Bank &amp; Trust originated the loan, according to Spartanburg County public records.<\/p>\n\n\n\n<p>The first phase of the development consists of two facilities measuring 229,840 square feet each. Completion of these buildings is expected in late 2025. The campus&#8217; second phase will see the construction of a 419,120-square-foot build-to-suit warehouse.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/why-light-industrial-properties-will-continue-to-shine\/\">Why Light Industrial Properties Will Continue to Shine<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Each facility will have 36-foot clear heights and 185-foot truck courts. Upon full build-out, the park will total 150 dock-high loading doors, two drive-in doors, 208 trailer stalls and about 600 car parking spots.<\/p>\n\n\n\n<p>The buildings will rise on approximately 78 acres and provide easy access to interstates 85 and 26. Downtown Spartanburg is less than 6 miles away, while downtown Charlotte, N.C., is some 78 miles northeast.<\/p>\n\n\n\n<p>Avison Young Principals Jon Goldstein, Michael Yavinsky and Wes Boatwright, along with Vice President Connor Burke, arranged the loan and the joint venture equity on behalf of the developer.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-greenville-sees-more-facilities-underway\">Greenville sees more facilities underway<\/h2>\n\n\n\n<p>Grenville&#8217;s industrial sector currently has 14 developments under construction, set to total almost 5.4 million square feet upon completion, according to CommercialEdge information. Additionally, there are 13 more projects in the planning phases, expected to encompass roughly 3.2 million square feet.<\/p>\n\n\n\n<p>Last week, GTIS Partners and Collett Industrial <a href=\"https:\/\/www.commercialsearch.com\/news\/gtis-partners-jv-kicks-off-933-ksf-campus\/\">broke ground on Stateline 85<\/a>, a 933,120-square-foot, three-building campus in Blacksburg, S.C. The first phase will consist of two facilities totaling about 423,360 square feet and is scheduled to come online by next summer.<\/p>\n\n\n\n<p>In February, <a href=\"https:\/\/www.commercialsearch.com\/news\/crescent-communities-wraps-up-greenville-industrial-campus\/\">Crescent Communities delivered AXIAL Crosspoint<\/a>, a 558,000-square-foot industrial park in Greenville, S.C. The company started construction on the three-building, 72-acre campus in 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The first phase will come online in late 2025.<\/p>\n","protected":false},"author":3355,"featured_media":1004729103,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21742,32781],"tags":[33022,39367],"class_list":["post-1004729102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-latest","category-southeast","tag-avison-young","tag-realtylink-llc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RealtyLink Lands $25M for Industrial Development - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"RealtyLink obtained $24.8 million in financing for the speculative development of the first phase of 720 Zimmerman Road in Spartanburg, S.C.\" \/>\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\/realtylink-lands-25m-for-industrial-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RealtyLink Lands $25M for Industrial Development\" \/>\n<meta property=\"og:description\" content=\"RealtyLink obtained $24.8 million in financing for the speculative development of the first phase of 720 Zimmerman Road in Spartanburg, S.C.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/realtylink-lands-25m-for-industrial-development\/\" \/>\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=\"2024-09-17T16:32:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-17T16:33:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/720-Zimmerman-ROad.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Vicentiu Fusea\" \/>\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\/realtylink-lands-25m-for-industrial-development\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/realtylink-lands-25m-for-industrial-development\/\",\"name\":\"RealtyLink Lands $25M for Industrial Development - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/realtylink-lands-25m-for-industrial-development\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/realtylink-lands-25m-for-industrial-development\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/720-Zimmerman-ROad.png\",\"datePublished\":\"2024-09-17T16:32:32+00:00\",\"dateModified\":\"2024-09-17T16:33:28+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6f90c90d1e85956f06679ddabc844412\"},\"description\":\"RealtyLink obtained $24.8 million in financing for the speculative development of the first phase of 720 Zimmerman Road in Spartanburg, S.C.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/realtylink-lands-25m-for-industrial-development\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/realtylink-lands-25m-for-industrial-development\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/realtylink-lands-25m-for-industrial-development\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/720-Zimmerman-ROad.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/720-Zimmerman-ROad.png\",\"width\":1000,\"height\":750,\"caption\":\"The three-building campus will total 878,800 square feet and will consist of two speculative developments and one build-to-suit facility. Image courtesy of Avison Young\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/realtylink-lands-25m-for-industrial-development\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"RealtyLink Lands $25M for Industrial Development\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6f90c90d1e85956f06679ddabc844412\",\"name\":\"Vicentiu Fusea\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ccbed048a87c0b87e81af2c30e2684f6fa8c0d2e617f452b15c76e47efd445f8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ccbed048a87c0b87e81af2c30e2684f6fa8c0d2e617f452b15c76e47efd445f8?s=96&d=mm&r=g\",\"caption\":\"Vicentiu Fusea\"},\"description\":\"Vicentiu Fusea is an associate editor with Commercial Property Executive and Multi-Housing News. He has joined the CPE-MHN team in 2023. Vicentiu writes stories mainly focusing on the student housing, office and MOB markets. You can reach out to him at vicentiu.fusea@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/vicentiu-fusea\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"RealtyLink Lands $25M for Industrial Development - Commercial Property Executive","description":"RealtyLink obtained $24.8 million in financing for the speculative development of the first phase of 720 Zimmerman Road in Spartanburg, S.C.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/realtylink-lands-25m-for-industrial-development\/","og_locale":"en_US","og_type":"article","og_title":"RealtyLink Lands $25M for Industrial Development","og_description":"RealtyLink obtained $24.8 million in financing for the speculative development of the first phase of 720 Zimmerman Road in Spartanburg, S.C.","og_url":"https:\/\/www.commercialsearch.com\/news\/realtylink-lands-25m-for-industrial-development\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2024-09-17T16:32:32+00:00","article_modified_time":"2024-09-17T16:33:28+00:00","og_image":[{"width":1000,"height":750,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/720-Zimmerman-ROad.png","type":"image\/png"}],"author":"Vicentiu Fusea","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/realtylink-lands-25m-for-industrial-development\/","url":"https:\/\/www.commercialsearch.com\/news\/realtylink-lands-25m-for-industrial-development\/","name":"RealtyLink Lands $25M for Industrial Development - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/realtylink-lands-25m-for-industrial-development\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/realtylink-lands-25m-for-industrial-development\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/720-Zimmerman-ROad.png","datePublished":"2024-09-17T16:32:32+00:00","dateModified":"2024-09-17T16:33:28+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6f90c90d1e85956f06679ddabc844412"},"description":"RealtyLink obtained $24.8 million in financing for the speculative development of the first phase of 720 Zimmerman Road in Spartanburg, S.C.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/realtylink-lands-25m-for-industrial-development\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/realtylink-lands-25m-for-industrial-development\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/realtylink-lands-25m-for-industrial-development\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/720-Zimmerman-ROad.png","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/720-Zimmerman-ROad.png","width":1000,"height":750,"caption":"The three-building campus will total 878,800 square feet and will consist of two speculative developments and one build-to-suit facility. Image courtesy of Avison Young"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/realtylink-lands-25m-for-industrial-development\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"RealtyLink Lands $25M for Industrial Development"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6f90c90d1e85956f06679ddabc844412","name":"Vicentiu Fusea","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ccbed048a87c0b87e81af2c30e2684f6fa8c0d2e617f452b15c76e47efd445f8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ccbed048a87c0b87e81af2c30e2684f6fa8c0d2e617f452b15c76e47efd445f8?s=96&d=mm&r=g","caption":"Vicentiu Fusea"},"description":"Vicentiu Fusea is an associate editor with Commercial Property Executive and Multi-Housing News. He has joined the CPE-MHN team in 2023. Vicentiu writes stories mainly focusing on the student housing, office and MOB markets. You can reach out to him at vicentiu.fusea@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/vicentiu-fusea\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/720-Zimmerman-ROad.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004729102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3355"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004729102"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004729102\/revisions"}],"predecessor-version":[{"id":1004729222,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004729102\/revisions\/1004729222"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004729103"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004729102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004729102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004729102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}