Cushman & Wakefield | Thalhimer Selected to Market the Revitalization of the Judson Mill Property Near Downtown Greenville
May 21, 2015
GREENVILLE, SC – Cushman & Wakefield | Thalhimer announces that they have been selected to exclusively represent the redevelopment of The Judson Mill property as a mixed-use opportunity.
This one-of-a-kind assemblage, comprised of approximately 36 acres, is situated just on the outskirts of downtown Greenville. This property is poised to make a transformative impact on the Downtown Greenville market. Owned by longtime Upstate employer, Milliken & Company, its location along Hwy 123 and proximity to the central business district, offers an exciting opportunity to revitalize a unique property. This property also serves as an opportunity for new retail development catering to the local community as well as residents near the CBD.
Several former textile mills have been rehabilitated for mixed-use; incentivized by the South Carolina Textiles Communities Revitalization Act, which provides financial incentives for the rehabilitation, renovation and redevelopment of abandoned textile mill sites located in South Carolina and by New Market Tax Credits, which provide for the redevelopment of properties in lower income areas. Examples of this trend are the transformations of Mills Mill on Church Street in Greenville, and the Brandon Mill in Simpsonville, which were revitalized to high-end condominiums. Monaghan Mill in Greenville, and the Arcadia Mill in Spartanburg were redeveloped into loft-style multifamily properties and the Brandon Mill in the West Village of Greenville which is being turned into apartments. Additionally, the Spartan Mill in Spartanburg was converted to the Edward Via Virginia College of Osteopathic Medicine (VCOM).
Brian J. Young, CCIM ,SIOR, Senior Vice President & Managing Broker of Cushman & Wakefield | Thalhimer’s Greenville office is part of the team who will market this exciting opportunity. “Our team is excited to identify a buyer that can have a significant impact on the surrounding community while providing new retail potential for residents downtown and commuters along Hwy 123 coming in from Easley and Clemson. This is a unique site given its size and relative location to downtown Greenville. They are very difficult to find.”
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About Cushman & Wakefield | Thalhimer
Thalhimer was founded in 1913 and currently has offices in Richmond, Newport News, Virginia Beach, Fredericksburg, Roanoke, Lynchburg, VA; Charlotte, Raleigh, NC; Charleston, Greenville, SC. The company has over 140 broker professionals and employs over 430 associates with a property portfolio of over 60 million leasable square feet, and management of over 24.5 million square feet of commercial property, and over 5,700 multifamily units. In 2014 Thalhimer completed over 2,100 transactions with a transactional volume over $2 billion. Thalhimer is the region’s leading provider of comprehensive commercial real estate services. The firm offers comprehensive commercial real estate services including corporate services, investment sales, tenant representation, construction management, project management, asset management, and the sale and leasing of office, industrial and retail properties. www.thalhimer.com
Cushman & Wakefield (C&W) is the world’s largest privately‐held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world’s major markets. Founded in 1917, it has 253 offices in 60 countries, employing more than 15,000 professionals. The firm has more than $3.7 billion in assets under management globally. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge.
