Blue Vista Capital Management has acquired a 56-acre site at 1298 New Cut Road in Spartanburg, SC. The property includes a 201,718-square-foot manufacturing and warehouse building, 31 acres of undeveloped land and more than 300 parking spaces. This investment is the result of a joint venture between Blue Vista and IP Capital Partners.
The existing building features multiple points of ingress/egress, four dock high doors, three drive-in doors as well as an extensive power infrastructure with full air conditioning capabilities.
Spartanburg – the largest consolidated metro area in South Carolina – generates significant demand for mid-sized manufacturing & distribution space due to its large labor force & access to regional resources. According to Brandon Goetzman (Managing Principal & Co Head Equity), “We believe this is a flexible property that can accommodate various local or regional users.”
This acquisition reflects Blue Vista’s commitment towards investing in industrial properties across the US with potential for long term growth opportunities
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