Construction is underway on a nearly 300,000 square foot, multimillion dollar industrial facility at Velocity Park in Greer.
The 297,600-square-foot facility, located on Victor Hill Road, covers 23 acres and will likely house some type of auto-supply-related distributor, said Allen Cullum, Velocity park developer.
The project is a partnership between Cullum Interests and Charlotte, North Carolina-based real estate firm Childress Klein. Total investment on the project is estimated to be between $15 and $18 million.
Cullum said industrial development in the Upstate area, Greer in this case, continues to boom. The property is located a mile from the BMW North American Manufacturing facility and two miles from the Greer Inland Port.
“There’s a fair amount of interest in the Upstate market. I started buying land in ’07 and ’08, and now I’m not alone,” he said. “The proximity of the property to BMW is the greatest reason for building here. Our focus has been on auto supplies, but more tenants will start to focus on proximity to Inland Port.”
Construction on the facility began earlier this month and is scheduled for completion around April 2018. He said the building will closely resemble the type of industrial construction that can be found in metropolitan areas like Charlotte or Atlanta.
“The type of product we will build is more institutional grade in that it’s got 32-foot clear height walls and concrete construction that you would find in any large city,” he said. “Previously the (Greenville-Spartanburg) market had a lot of older construction and metal buildings, and we’re trying to get away from that.”
Written by Elise Franco, Go Upstate