Phase one - Two 229,840-SF spec industrial buildings in Spartanburg, SC

Washington, DC – Avison Young has arranged $24.8 million of construction financing and $12 million of JV equity for the speculative development of two industrial properties in Spartanburg, SC, on behalf of RealtyLink. The 78-acre parcel is located on Zimmerman Road at the intersection of I-85 and I-26 in Spartanburg, South Carolina. Phase one of the development consists of two 229,840-square-foot (sf) spec industrial buildings to be delivered in late 2025. Phase two will consist of a 419,120-sf future build-to suit opportunity.

RealtyLink, developer/owner, was represented by Avison Young’s Debt & Equity Finance Team, led by Jon Goldstein, Principal, Michael Yavinsky, Principal, Wes Boatwright, Principal, Connor Burke, Vice President in the firm’s DC office.  

“RealtyLink has a successful track record of strategic site acquisitions and delivering top-notch industrial product across the country,” said Goldstein. “Avison Young secured competitive construction financing for this industrial development at a time when both debt and equity have generally pulled back from spec development.  The accessible location, the best-in-class design and exceptional sponsorship were key factors to securing excellent terms for this project.”

The property is located in the heart of the Upstate region’s distribution and manufacturing corridor, which is home to some of the nation’s largest industrial operations, including BMW’s largest worldwide productions facility, Michelin’s North American headquarters and Lockheed Martin’s F-16 production line. Situated at the juncture of Interstate 85, Interstate 26, and Business 85, the property has immediate interstate access to major metropolitan areas of Charlotte, Atlanta, Charleston and Savannah Ports, Nashville, Spartanburg and Greenville.
 

“This site offers an ideal location for industrial development and are thrilled to see it come to life.  We’re grateful to our partners on the Avison Young team for recognizing the vision and finding an ideal JV partner to helps us to get it underway.” added Neil Wilson, RealtyLink Principal

About RealtyLink

RealtyLink is a full-service real estate development company specializing in retail, industrial, restaurant, single & multifamily, self-storage, senior living, entertainment, and mixed-use properties. With 80% of our business stemming from repeat clients, we pride ourselves on the accountability, efficiency, and transparency we bring to the deal.

For RealtyLink Marketing inquiries, please contact [email protected].