The U.S. real estate developer, owner, and operator, Rockefeller Group, purchased 98 acres off of Highway 290 in Duncan between Greenville and Spartanburg along Interstate 85.
The company’s first project in the fast-growing Greenville/Spartanburg metro area will be Duncan Logistics Center, an industrial park.
The I-85 Corridor connects Atlanta, Greenville-Spartanburg, Charlotte, Greensboro, and Raleigh-Durham, five of the Piedmont Atlantic Region’s key markets. Because of its proximity to major cities, ports, and airports, it has become one of the most important industrial markets.
“Rockefeller Group continues to look to expand our industrial portfolio to new markets and this property in the Greenville/Spartanburg market was an excellent opportunity for us to get into one of the Southeast’s most sought-after areas,” said Steven McGee, Director, Southeast Development for Rockefeller Group. “Once completed, this project’s central location within the heart of Upstate South Carolina will allow potential tenants unmatched access to manufacturing as well as the ability to connect to more than 100 million consumers in a day’s drive.”
The company plans to develop three industrial warehouses in the Greenville/Spartanburg area totaling 827,000 square feet, which will be developed in two phases. The first phase of construction is set to wrap up in the fourth quarter of 2022. It will be made up of two buildings that will be constructed at the same time and will total 573,000 square feet.
A one-million-square-foot industrial park in York County, SC, part of the Charlotte, NC industrial market, is also nearing completion.