Serving as the investment and development arm of the reputable NAI Earle Furman, Appian Investments, along with the Orangeburg County Development Corporation (OCDC), recently announced breaking ground on the largest speculative building in the Midlands. The industrial facility is set to be 534,702 square feet located at 122 Palmetto Commerce Parkway just off Interstate 26 at Exit 154 on US-301/Five Chop Road and will be the second development underway at Orangeburg’s Shamrock Commerce Park. In partnership with Pacolet Milliken and YC Holdings, LLC, led by Jim Roquemore, Appian Investments intends to deliver the building Q4 of 2022.
Patterson’s CEO Lance Patterson added, “Shamrock Commerce Center will be a premier industrial complex. It was a pleasure to work with Appian Investments/NAI Earle Furman, the Pacolet Milliken team, and United Community Bank.”
The new speculative building will be a best-in-class, concrete tilt-up cross-dock facility with a 36-foot clear height and will have 114 dock-high doors, four over-sized ramp doors, an ESFR sprinkler system, LED and soffit lighting, 147 trailer storage spaces, ample car parking, and all utilities available.
Building A has been planned to provide users with the most flexibility as possible and the design is a product of collaboration between Nelson, a worldwide architectural firm out of Alpharetta, Georgia, and BlueWATER Civil Design, based in Greenville, SC, with a solid presence across the southeast. Harper General Contractors: an award-winning general contractor also based in Greenville will be handling the construction.
“Orangeburg’s long-term growth potential is transparent, and I look forward to seeing the progression of the development,” said Jim Roquemore, current landowner who will also be investing in the venture.
NAI Earle Furman is actively marketing the new building for lease.
The first project underway in the park is a 7-Eleven Fueling Depot that is currently under construction and slated to open in Q3 of 2022. This development is the first of a retail corridor being designed as part of an amenity plan that will sit along US 301/Five Chop Rd. Additionally, the entrance roadways that will be used to access both 7-Eleven and the park are under construction.
Shamrock Commerce Park is positioned in a high-growth area and is strategically located between Columbia and Charleston, South Carolina. The Park sits 15-miles to the interchange for Interstate 95 on I-26 and is within an hour drive from the Port of Charleston. Recently, the Orangeburg submarket has experienced tremendous growth including recent expansion announcements and activity from the QM Group, Allied Air Enterprises, Premium Peanut, and BRN Sleep Products. Combined these companies are investing over $150M+ in capital and are creating 465 new jobs in Orangeburg County.
Appian Investments/NAI Earle Furman
Appian Investments is a real estate investment group founded by NAI Earle Furman in 2015 to capitalize property investments and generate compelling returns for its investors. Appian’s current and past property investments are concentrated primarily in growth markets of South Carolina and North Carolina and range from ground-up to stabilized assets across multiple property segments. Appian’s affiliation with NAI Earle Furman enables it to source a deep pool of investment opportunities.
NAI Earle Furman (NAIEF) is the Upstate’s largest commercial real estate brokerage and property management firm and has been providing superior results to its clients for over thirty years. With three Upstate offices, NAIEF delivers creative solutions to ensure client success while promoting a culture of collaboration, drive, and innovation. The company’s unique shareholder-owned structure creates an engaging environment which thrives on mentorship and common goals. Invested in the community and its people, the NAIEF team is committed to being experts in the field of commercial real estate and improving the Upstate market through its wide range of quality client services.
OCDC | Orangeburg County Development Commission
The Orangeburg County Development Commission (OCDC) is a full service professional economic development organization founded in 1955 by the County of Orangeburg as the lead agency for industrial development in the County.
The Development Commission is an outside agency which has a 501 (c) 3 not for profit public/private partnership which engages in the recruitment of capital investment and quality jobs to the county. Services include: Speculative Building and Industrial Park Development, Site and Infrastructure Construction, Marketing, Research, Project Management and Economic Development Consulting. OCDC represents all 17 municipalities in the County (most in SC) which includes the following:
Bowman, Branchville, Cope, Elloree, Eutawville, Holly Hill, Livingston, Neeses, North, Norway, Orangeburg (County Seat), Roseville, Santee, Springfield, Wolfton, Woodford and Vance.
For more information, visit Ocdc.com
Pacolet Milliken is a leading private, family-owned investment company that was founded as a separate corporate entity by the shareholders of Milliken & Company in 2007. Nationally recognized for its institutional approach to family investments, Pacolet’s mandate is to preserve and grow its capital with a values-driven, multi-generational outlook through investment in high-quality real assets. Pacolet’s portfolio is diversified among real estate and energy/infrastructure investments.
United Community Bank
United Community Banks, Inc. (NASDAQGS: UCBI) provides a full range of banking, wealth management and mortgage services for relationship-oriented consumers and business owners. The company, known as “The Bank That SERVICE Built,” has been recognized nationally for delivering award-winning service. As of September 30, 2021, United had $19.5 billion in assets and 171 offices in Florida, Georgia, North Carolina, South Carolina and Tennessee along with a national SBA lending franchise and a national equipment lending subsidiary. Through its October 1, 2021 acquisition of Aquesta and its wholly-owned banking subsidiary, Aquesta Bank, United added $754 million in assets and nine banking offices in high growth markets in North Carolina. Additional information about United can be found at www.ucbi.com.
Patterson Real Estate Advisory Group is a capital placement and real estate finance advisory firm that represents owners, developers and investors seeking capital to leverage commercial real estate opportunities. Patterson arranges construction, bridge, mezzanine, and permanent financing while also coordinating equity and joint venture formations along with general finance advisory work. The primary focus is helping clients, across different property types, access investors at a variety of different levels of the capital stack, matching the specific need with the appropriate capital provider. Patterson has office locations in Atlanta, Charleston, Charlotte, Nashville, and Tampa. www.pattersonreag.com