Pearlmark and Farpoint Development have acquired 134 Long Road, a 50-acre parcel in the Greenville-Spartanburg MSA, for a 560,000-square-foot cross docked industrial building. Located near I-85 – the primary transit corridor between Atlanta and Charlotte – this Class A tilt wall facility features 40 foot clear heights, ESFR sprinklers and large truck courts with ample employee parking.
Farpoint is serving as development manager on this project while Seamon Whiteside EAS & Vannoy Construction are providing construction services. First Carolina Bank has provided construction debt financing for the property’s development. Marcus Cornelius & Campbell Lewis of CBRE will serve as leasing brokers when it comes time to market 134 Long Road to potential tenants.
Keith Page of Pearlmark Managing Director commented that “134 Long Road represents an ideal opportunity to capture significant demand for industrial space in the dynamic I 85 corridor; making it an ideal fit as our debut transaction in our latest equity fund PEP II”
