Corporate Center in Spartanburg sees strong leasing activity while construction for new building nears completion
July 7, 2021
Corporate Center is a premier business park in Spartanburg, SC with over 500,000 square feet of industrial and flex space across nine buildings with a tenth currently under construction. Colliers | South Carolina’s flex/industrial broker Richard Barrett, MCR has represented Kinney Hill Associates, owner of Corporate Center, for almost five years and recently leased two suites in Building 100, taking the building to 86% occupied.
The most recent lease at Corporate Center was ±6,200 square feet at Building 100, Suite L, to Par Packaging Company. Par Packaging is a local packaging solutions company founded in 2000. The space leased at Corporate Center will serve as an operations facility. Matthew Reynolds of Lee & Associates represented Par Packaging and worked with Barrett to ensure a smooth transition on a tight schedule.
SourceOne Corporation also leased ±3,100 square feet in Building 100, Suite H, to further expand their presence in South Carolina. The utility consulting firm is a Certified Women-Owned Business headquartered in Atlanta, GA with an active presence across Georgia and South Carolina.
As space continues to be leased in the existing nine buildings, Corporate Center has an expansion project in the works in the northern point of the park. The newest building, to be called Building 140, is scheduled to be completed in Summer 2021 and will consist of ±50,000 square feet of industrial/flex space that can be finished to meet a tenant’s specific needs. Corporate Center is planning on breaking ground on a second structure, Building 150, later in 2021.
“The key differentiator at Corporate Center from other parks is our flexibility when it comes to meeting very diverse demands. Requirements can vary per tenant and we are usually able to accommodate some very specific needs,” says Barrett. “This new building will allow Corporate Center to maintain its position as one of the premier flex, office and industrial parks in the Upstate of South Carolina.”
Barrett is a Senior Brokerage Associate with Colliers | South Carolina who specializes in flex/industrial landlord and tenant representation throughout the Greenville-Spartanburg market.
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.
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