Sep
16

Otis Elevator Acquires Building in Florence

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Hackman Capital, a private-held real estate investment firm located in Los Angeles, California, announced today that Otis Elevator of Farmington, Connecticut purchased the property owned by its affiliate at 1500 Range Way, in Florence, South Carolina. Florence Industrial Center, a 423,581 square-foot, class-A industrial facility, once occupied by Maytag, is situated on 49 acres and also includes 35 acres of vacant, interstate frontage land.

John Ticon and Edward Kercher of Cushman Wakefield in Charleston, South Carolina represented Otis Elevator in the recent transaction, while Randy Stump of The Stump Corporation, represented the Hackman affiliate.

“Adjacent to Interstate 95 and in close proximity to deep-water seaports, Florence Industrial Center offers Otis a prime Southeastern location and first-rate building amenities for manufacturing and distribution,” said Michael Hackman, founder and CEO of Hackman Capital.

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