Florida Developers Double Down on SC Warehouse Market with Greer Inland Port Deal
Sept. 6, 2023
Two Florida developers are expanding their reach into the Palmetto State with a new industrial warehouse located minutes from the Port of Charleston’s inland cargo hub in Greer.
Atlas Capital Group of Miami said this week it completed construction of a 150,000 square-foot project in a joint venture with Pinecrest, Fla.-based Warhaft Group.
More than one-third of the multitenant building has already been leased, the companies said in a written statement.
The project, adjacent to German automaker BMW’s sprawling Upstate campus, provides “big industry amenities at scale,” according to Warren Zinn, principal of Atlas Capital.
Dean Warhaft, principal of Warhaft Group, touted the Spartanburg County building’s “strategic location” to the inland port and several big manufacturers in the Interstates and corridors. He said the building’s design is intended to meet “the diverse needs of businesses, regardless of their size.”
The building on 10 acres includes large truck courtyards, wide driveways, parking for employees and customers, custom-designed buildouts, 32 foot ceiling heights
and subdividable bays as small as 8,400 square feet, with up to three dock doors per bay.
Atlas previously developed the Atlas Commerce Center at Palmetto Commerce Park in North Charleston — a 135,000-square-foot building that was completed in 2017 and has landed tenants such as aerospace supplier Safran Group and pharmaceutical firm Belimed Inc.
Atlas has also built office and industrial projects in San Antonio, TX and Doral, Fla.
The developer is also teaming up with Warhaft to build a 240-acre mixed-use development in Greenville. Called On the Trail, the project is under construction at the former site of the Union Bleachery/Cone Mills textile mill. A former commerce center on the property closed in 2003 after a fire and had sat vacant for nearly two decades.
Greenville County approved a redevelopment plan for the property in and a set of tax incentives worth up to $200 million the following year to encourage redevelopment. The project calls for up to 3.5 million square feet of office and employment space, 2,000 apartments and townhouses, a 200-room hotel and nearly a million square feet of grocery store, retail, restaurant and commercial space.