After years of planning, Greenville Enterprise Park is up and running in South Greenville with its first industrial spec development project, SunCap’s Enterprise 85.
Colliers’ Garrett Scott, John Montgomery, Brockton Hall and Dillon Swayngim have been selected to handle leasing for the project.
In partnership with the Real Estate business within Goldman Sachs Asset Management, SunCap Property Group purchased the 140-acre site just south of I-185 and downtown Greenville at 7755 Augusta Road (US Highway 25) and has broken ground on a ±1,006,880-square-foot Phase 1 building.
The park is designed for flexibility, offering tenants the option to expand the initial Phase 1 building up to 1.5 million square feet under one roof or to divide the site into two stand-alone buildings, ±1-million-square-foot Phase 1 and ±567,000-square-foot Phase 2.
This will be SunCap’s eighth development project in the Upstate and the largest speculative building constructed in Greenville County to date.
“With tenant demand expanding both in number and size, the construction of new Class A industrial space that can accommodate 1 million square feet and above continues to be in high demand in the Upstate market,” says Colliers Managing Director Garrett Scott.
“SunCap has their finger on the pulse in the GSP market and has identified Greenville Enterprise Park as an excellent opportunity and location to meet growing big-box demands. They will be ready when tenants need to occupy quickly in market.”
Vermeer was the first industrial user to secure a location at Greenville Enterprise Park with the purchase of 44 acres of land for a build-to-suit facility in 2019. The industrial and agricultural machinery manufacturer has subsequently purchased the adjacent 25-acre lot to accommodate future expansion at this location.
Greenville Enterprise Park was zoned as a “Business and Technology” park in 2018, a unique designation designed to bring clean, modern and advanced industries such as office, laboratories, data centers, warehousing and clean manufacturing investments to Greenville County.