REALOP INVESTMENTS ACQUIRES INDUSTRIAL FACILITY AT 130 COMMERCE CENTER IN GREENVILLE, SC
Under RealOp’s ownership, the property will provide 320,427 square feet of newly renovated and rebranded industrial warehouse space
Greenville, S.C. – December 14, 2020 – RealOp Investments, a commercial real estate and private equity investment firm based in Greenville, South Carolina, adds another asset to its industrial portfolio. 130 Commerce Center is a 320,427-square-foot industrial facility in Greenville, S.C. The property is located right off of I-85 via Pelham Rd, with Greenville/Spartanburg International Airport and the Inland Port only minutes away.
The building was vacant at the time of acquisition. RealOp is planning a significant capital investment to update to modern facility requirements which includes roof replacement, interior and exterior painting, turn-key office space, dock repairs, LED lighting upgrades, landscaping and a rebranding of the facility to highlight its world-class location. “We are thrilled to have another opportunity to invest in our local economy. By updating the facility and reintroducing the asset to the marketplace, we hope to attract a new distribution or light manufacturing tenant to the Upstate,” said Reggie Bell, CEO at RealOp Investments.
The property, ideally located between Greenville and Spartanburg, SC, is a desirable distribution point with easy access to the I-85 corridor in one of the fastest growing regions of the United States. “This was a unique opportunity for us to acquire a significant industrial asset in our backyard. The exceptional infill location makes the acquisition a natural fit for our growing industrial portfolio. We plan to continue growing our asset base both in Greenville and across the Southeast with a focus on value-add acquisitions in strong growth markets,” said Julian Nexsen, vice president at RealOp Investments.
The Greenville/Spartanburg MSA serves as a major manufacturing and distribution hub for the region. The market offers easy access to major transit corridors including I-85 connecting Charlotte to Atlanta and I-385/I-26 connecting to Columbia, SC and Charleston, SC. Greenville benefits from major international manufacturers located in the market, as well as providing easy access to GSP International Airport, the rapidly expanding Inland Port Greer, and The Port of Charleston.
NAI’s Jack Haden, Mike Chambers, John Baldwin and Hal Johnson represented the seller in the transaction.
About RealOp Investments
RealOp Investments is a commercial real estate investment company founded in 2009 specializing in value-add and opportunistic acquisitions. With deep roots in the Southeast, our investment strategy spans all commercial asset classes and is based on a relationship-driven pursuit of value; not only in identifying off market opportunities, but in creating value through innovative capitalization structures, management expertise and the execution of unique strategies tailored to each asset. The firm was named the 2019 Greenville Chamber Small Business of the Year, and one of the Top Twenty-five Fastest Growing Companies in the state of South Carolina for 2018, 2019 and 2020. Learn more at www.realopinvestments.com.