Mar
13

Greer Distribution Center Sells for $36/SF

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duncan distributionBeacon Partners, a Charlotte real estate investment company, has purchased Duncan Distribution Center from Duncan Owner Corp. CBRE’s Greenville and Charlotte offices represented the seller, Duncan Owner Corp., in the $12.59 million transaction.

The 350,000-square-foot class B industrial building near Interstate 85 is 100% occupied. It is close to the S.C. Inland Port and BMW Manufacturing Co.

CBRE’s Patrick Gildea said the Upstate industrial market “has rapidly improved over the last couple of years, and investors have begun to notice. This sale generated phenomenal interest, and the competition and pricing reflected investors’ desire to own quality properties in the Upstate.”

The sellers represented themselves.

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    Categories : Greenville, Spartanburg

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