Pearlmark and Farpoint Development have closed on the acquisition of 134 Long Road, a 50-acre development parcel located in Williamston, South Carolina. This property is part of the larger Greenville-Spartanburg MSA. Daniel Rosenberg from Bellwether Enterprise’s Chicago office arranged for equity and debt financing while CBRE’s Marcus Cornelius and Campbell Lewis are acting as leasing brokers.
Farpoint plans to develop a 560,000-square-foot cross docked industrial building designed by MCA Architecture which will be funded through Pearlmark’s latest equity fund – Pearlmark Equity Partners II L.P.. The project team includes regional industrial experts Seamon Whiteside EAS & Vannoy Construction with construction debt provided by First Carolina Bank.
The facility will feature Class A tilt wall design with 40′ clear heights ESFR sprinklers & large truck courts along with ample employee parking space making it strategically located near I-85 – primary transit corridor between Atlanta & Charlotte (the two largest industrial markets in the region).
