Colliers industrial team facilitates sale of Rooker’s Pelzer Point Commerce Center in Anderson County for One World Technologies expansion

Garrett Scott, SIOR, John Montgomery and Brockton Hall, SIOR represented Rooker in the sale of Pelzer Point Commerce Center to One World Technologies Inc. in Anderson County for $21.1 million. The industrial park in Pelzer, SC consists of ±212,500 square feet of newly developed speculative space and ±30 acres of future development land.

Rooker intended to develop two speculative buildings at Pelzer Point Commerce Center; however, due to high demand for industrial space in this market, the development company was able to secure a buyer for both Building One and the adjoining Phase II site before construction of the second building was set to begin.

Pelzer Point Commerce Center is located at exit 32 along the I-85 corridor approximately 15 miles southwest of Greenville. Rooker began development of the park last year and is currently in the final construction stages of Building One.

“The amount of interest we’ve had in Pelzer Point Commerce Center has been phenomenal, “said Burriss Nelson, Director of Anderson County Economic Development. “Nine months from breaking ground and before the first spec facility was even completed, we couldn’t be more pleased to announce the purchase of the entire park by Anderson-native One World Technologies. We have worked very closely with the company for years and are incredibly fortunate to have had the facilities in place at the right time to accommodate this expansion right here in Anderson County. We are grateful to One World for their continued investment in our community and look forward to building on the success we’ve had at Pelzer Point throughout the county.”

“Industrial space is being absorbed at an accelerated rate in the upstate South Carolina market,” said Colliers Vice President Brockton Hall. “Well-specified buildings located on the I-85 belt are particularly sought after right now and Pelzer Point Commerce Center is no exception. The buyer recognized a need for additional space near their existing location in Anderson and identified Pelzer Point as an ideal site only one exit away. Transactions like these are indicative of strong velocity in the upstate market as companies continue investing in their facilities and supply chains.”

Rooker is a full-service real estate development, design and construction management firm based in Atlanta, GA specializing in industrial and government segments. The company has developed and constructed more than 55 million square feet of Class A industrial and office since 1968 and has worked on several projects in the upstate of South Carolina including Spartan Ridge Logistics Center in Spartanburg and the Social Security Administration Office of Hearing Operations (OHO) in Greenville.

One World Technologies is based in Anderson, SC and is part of the home and hardware center supplier industry. The new facility at Pelzer Point Commerce Center will provide additional warehousing and distribution space for the company, allowing them to better serve a growing customer base in the region.

The Colliers industrial team of Garrett Scott, SIOR, John Montgomery and Brockton Hall, SIOR specialize in the sale and leasing of big-box industrial buildings and development land throughout the Southeast. The team provides planning and development advisory, market intelligence and contract negotiation for the disposition of industrial assets like Pelzer Point Commerce Center.

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. Total 2020 brokerage volume exceeded $533 million, which included over 456 sales and leasing transactions. 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 16 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