Spartanburg Net Leased Industrial Building Sold


Chambers Street Properties, a net lease industrial and office real estate investment trust, announced it has acquired 1200 Woods Chapel Road, a 156,800 square foot industrial building near Spartanburg, S.C. With this purchase, Chambers Street now owns more than 2.1 million square feet of warehouse/distribution properties in the Spartanburg area.

Completed in 2009, the concrete tilt-up building is fully leased on a triple net basis to a leading supplier of automotive seating and electrical power management systems. The property is situated on a 32.5-acre parcel and the building is expandable to 273,000 square feet.

The property is located one mile from I-85 and two miles from Greenville-Spartanburg Airport. It is in close proximity to a new intermodal facility that the South Carolina Inland Port is developing in Greer, S.C., which will provide an overnight Norfolk Southern rail link for freight to and from the Port of Charleston. The inland port is scheduled to open in September 2013.

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