The Colliers International team of John Montgomery, Garrett Scott and Brockton Hall successfully facilitated the sale of ±41 acres on Fairforest Clevedale Road in Spartanburg on behalf of a local private landowner to Tindall Corporation.
Tindall has selected this location for its new state-of-the-art Utility Division manufacturing facility.
The planned expansion project represents more than $27.9 million in investment and will provide needed space for the company to increase production capacity and expand product offerings. Tindall plans to create 20 new jobs at this location to support the increase in production.
Tindall Corporation is a South Carolina-based company with roots in Spartanburg, where it opened its headquarters in 1932. The company has since expanded to five states and is now one of the largest precast concrete manufacturers in North America, providing engineering solutions for a wide range of building projects across the U.S. and internationally.
Located less than 1.5 miles and a 2-minute drive from the existing Tindall headquarters on Hayne Street, the new facility site at 2877 Fairforest Clevedale Road will allow for tight connectivity and ease of movement between locations.
The company’s new facility is expected to be completed in early 2021. The Coordinating Council for Economic Development has awarded Spartanburg County a $100,000 Set-Aside grant for costs related to the project.
Bobby Lyons of Lyons Industrial Properties represented the purchaser in this transaction.
“Spartanburg County is proud of the partnership and history we have with Tindall Corporation. This new expansion will further strengthen that relationship and contribute to our goal of continued investment in the local and regional economy. The land purchase and planned manufacturing facility are an indication that economic development conditions in the state continue to remain healthy,” said Katherine O’Neill, Chief Economic Development Officer of the Spartanburg Chamber of Commerce Economic Futures Group
An additional ±95 acres remain available near the new Tindall site, with frontage along US Highway 29/Warren H. Abernathy Highway.
About Colliers International
Colliers International | South Carolina has over 150 staff members, including 65 licensed real estate professionals, covering the entire state with locations in Charleston, Columbia, Greenville and Spartanburg. Total 2019 brokerage volume exceeded $419 million, which included over 452 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 International 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 nearly 14 million square feet of office, industrial, retail and healthcare properties. Colliers International’s staff hold 44 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 International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.