Farpoint Development leases industrial property in Clinton to Swedish manufacturer of infrastructure solutions in $18 million deal, bringing more than 90 new jobs to the Upstate
Blue Diamond Industries, a subsidiary of the Swedish designer and manufacturer of fiber optic infrastructure Hexatronic Group AB, has chosen Clinton as the site of its first East Coast operations facility. The company’s $18 million investment will create more than 90 jobs.
Blue Diamond Industries provides high density polyethylene conduit solutions for the protection of fiber optic, data and power cables to serve the needs in power utility, cable television, broadband and commercial and industrial markets.
Farpoint Development partnered with Annenberg Investments Ltd. to purchase the nearly 200,000 square foot vacant industrial building at 877 Torrington Road, which they subsequently leased to Blue Diamond Industries. Noting its proximity to the Upstate South Carolina’s industrial market as well as connectivity to major southeastern markets via Interstates 26 and 385, Farpoint Development says the property is well-positioned for steady growth over the coming years in this thriving corridor.
“We are thrilled to welcome Blue Diamond Industries to their new site at 877 Torrington Road,” said Justin Patwin, Managing Director at Farpoint Development. “The location and existing building are a great solution for their operation, and it’s exciting to know they’ll be contributing to growing the nation’s critical infrastructure from the heart of Upstate South Carolina in Laurens County. The property formerly served Shaw Flooring for many years, and we hope that this will be their home for many years as well.”
For more than 30 years, Farpoint Development has specialized in innovative real estate development throughout the Chicago area. Justin Patwin, a Hendersonville, North Carolina native, has recently expanded the firm’s business to the Southeast region and operates from its Asheville office.
Its joint venture partner, Annenberg Investments, Ltd. has decades of investment experience and is known for its track record in adding significant value to undervalued assets. The two firms have worked together on several projects in the southeast.