±1.5-million-square-foot spec industrial building at The Cubes at Fort Prince leases 30 days after groundbreaking

Initial sitework began in September on the first of multiple buildings at The Cubes at Fort Prince industrial park on Spartanburg’s Fort Prince corridor. Less than 30 days later, 1.5-million-square-foot “Building A” has been fully leased to an undisclosed client who will use the facility to expand its Southeast distribution footprint.

The Colliers industrial team of Garrett Scott, John Montgomery and Brockton Hall represented developer and landlord CRG in this transaction.

This will be CRG’s third industrial facility developed in the Upstate consisting of more than 1.3 million square feet under one roof, all of which were fully leased prior to completion.

“The lease announcement at The Cubes at Fort Prince comes at a time of prolific industrial activity in the Greenville-Spartanburg market,” said Colliers Vice President Garrett Scott. “The roster of industrial users, developers and investors who have landed here the past year indicates that companies attracted to our region are bigger in size and scope than ever before, and CRG has positioned itself to meet these needs as a go-to developer for big-box in the Upstate.”

Building A is the first speculative building to break ground at the newly announced Cubes at Fort Prince industrial park. The site is adjacent to Walmart’s future ±720,000-square-foot refrigerated distribution center on Fort Prince Boulevard.

Master planning shows two additional proposed structures at The Cubes at Fort Prince: ±500,400-square-foot Building B and ±345,600-square-foot Building C.

Construction of Building A is on schedule and initial delivery is expected by June of 2022. The facility will feature leading industry specifications including 40-foot clear heights, cross-dock orientation, on-site trailer parking and office to-suit.

The Colliers team of Garrett Scott, John Montgomery and Brockton Hall have been the exclusive brokerage and advisory partner of CRG in the Upstate, SC market for more than five years and have advised the company through the planning, development and leasing of 2.7 million square feet at The Cubes at Inland 85 near the Inland Port in Greer. CRG will continue working with the Colliers team to plan, market and lease future buildings at The Cubes at Fort Prince.

All buildings by CRG in the “Cubes” series feature enhanced specifications important for modern industrial users and must meet a set of standards including environmental responsibility, access to major transportation, state-of-the-art design and construction, 3D conceptualization, zero tolerance safety programs, modern truck docking and ample trailer storage in locations that support workforce availability.

“We could not be more pleased with the success we’ve seen in the Greenville-Spartanburg market,” said CRG Executive Vice President and Partner Mike Demperio. “Our development model works exceptionally well here and CRG looks forward to working with the Colliers team to continue meeting the growing needs of industrial users in this region.”

CRG currently holds several land positions near the Inland Port for future speculative and build-to-suit projects including The Cubes at Inland Woods, a ±467,200-square-foot spec industrial building on Woods Chapel Road in Greer expected to break ground early 2022 and deliver in 2023.

About Colliers

Colliers | South Carolina has over 150 staff members, including 62 licensed real estate professionals, covering the entire state with locations in Charleston, Columbia, Greenville and Spartanburg. In addition to traditional commercial real estate representation services for our clients, the company is actively engaged in Corporate Solutions and Healthcare Services. Colliers is an Accredited Management Organization (AMO) through the Institute of Real Estate Management (IREM) and is the largest manager of commercial real estate properties in South Carolina, with a portfolio of over 17 million square feet of office, industrial, retail and healthcare properties. Colliers | South Carolina’s staff hold 49 professional designations, the most of any firm in South Carolina. Colliers | South Carolina’s partner, LCK, provides project management services for new facilities and renovations across South Carolina.

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.