Dallas-based Courtland Development breaks ground on speculative building for lease along Spartanburg’s I-85 corridor.
More than 100 acres of land on Fort Prince Road in Spartanburg has been purchased and will be the future site of industrial development, Ft. Prince Commerce Center, within the year.
Ft. Prince Commerce Center will consist of two development sites – Ft. Prince Commerce One and Ft. Prince Commerce Two. Ft. Prince Commerce One is currently undergoing site work in preparation for a 436,800-square-foot cross-dock building, which is expected to complete construction in August 2019. Ft. Prince Commerce Two is a 399,000-square-foot building site available for build-to-suit.
Commerce One will feature cross-dock loading, a highly desirable orientation within the industrial market. It will also include sixty-eight 9’ x 10’ dock doors expandable to 110 total doors, 36’ clear heights, up to 150 on-site trailer spaces, ESFR fire protection and prominent visibility from Interstate 85.
“We have been very meticulous in the planning of Ft. Prince Commerce Center — taking into account the demand drivers and industrial user needs within the I-85 Spartanburg market,” says Courtland Development Managing Partner Jon Napper. “This location provides unobstructed access to BMW and the Inland Port in Greer, as well as 95 million people within an eight-hour drive.”
Local industrial real estate professionals John Montgomery, Garrett Scott and Brockton Hall of Colliers International will represent Courtland in the leasing of both buildings at Commerce Center. JDI Realty is a partner with Courtland and construction financing was provided by Cross Harbor Debt Fund. Construction will be managed by Harper General Contractors.
The addition of Ft. Prince Commerce Center is expected to attract companies with distribution, third-party logistics, automotive and advanced manufacturing needs within the rapidly expanding industrial corridor in Spartanburg.