Dec
12

Orangeburg OKs Purchase of Spec Building

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Orangeburg City Council has approved the purchase of a building for an aviation industry supplier locating in the area.

The agreement approved Tuesday involves the purchase of a speculative building at the Orangeburg County/City Industrial Park for $5.2 million. Attorney Jimmy Walsh told council closing on the structure was supposed to take place within the last two weeks.

“Originally, we were going to have a simultaneous closing with (building developer) Miller-Valentine,” Walsh said. “Right afterwards we would convey the building to GKN.” GKN requested the city delay closing, Walsh said. “In the meantime, Miller-Valentine requested that we go ahead and purchase the building even though we were not going to have an assignment date with GKN.”

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Categories : Orangeburg

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