Scannell Properties Fuels the Growth in Upstate South Carolina’s Industrial Market
June 27, 2019
Flanked by the boomtowns of Rock Hill and Greenville, South Carolina’s commercial real estate market is flourishing, and Scannell Properties is one of the leading companies contributing to its new economic prosperity.
Over 30 years ago, Upstate South Carolina was a hub for large, textile mills. Today it has evolved into an industrial giant thanks in part to well-known successful companies such as BMW’s Spartanburg plant, Amazon, Milliken & Co., Toray Carbon Fiber, General Electric and Keurig Green Mountain.
Recognizing both a ripe market and the demand for new industrial space, Scannell Properties completed many impressive speculative and build-to-suit projects in the area, with more planned for the future. Two prime examples are in Rock Hill at Legacy Park East, a master-planned, Class A industrial park that plans to house over 3 million square feet of industrial space.
- Legacy East Bldg. VIII, a 193,750 square foot rear-load warehouse that was completed in 2018 as Phase I of the 5-7-year development of Legacy Park East. This was the first building constructed within the planned 3,000,000 square foot park.
- Legacy East Bldg. IV, a 460,800 sq. ft. building on a 46.08-acre parcel that is currently under construction. This property will be available Q3, 2019.
Before embarking on this development, Scannell constructed Legacy Park West just across the street from this park. Upon the completion of two buildings, the park was sold to an investor.
Down in Duncan, SC, Scannell has attracted several tenants to the multibuilding industrial park, Hillside Enterprise Park. The first 3 buildings within the park, over 400,000 sq. ft., have been fully leased or sold and Scannell is currently constructing the final 408,000-square-foot speculative facility within the 84-acre development.