New Industrial Complex to be Built in Greenville

News Summary

Appian Investments and Harbert Management Corp. are joining forces to develop the Magnolia Grove Industrial Complex in Greenville, South Carolina. This new facility aims to enhance the local economy by providing 182,000 square feet of industrial space located near vital transportation routes. With modern construction techniques and a focus on adaptability, this project is set to contribute significantly to the region’s industrial capabilities and job market, while signaling confidence in Greenville’s economic potential.

Investment Partnership Aims for Major Industrial Development in Greenville, S.C.

Appian Investments and Harbert Management Corp. are teaming up to develop a significant industrial project in Greenville, South Carolina, named Magnolia Grove. This development is set to enhance the local economy and provide modern facilities for businesses in the region.

Project Overview

Magnolia Grove will feature two state-of-the-art buildings, offering a total area of 182,000 square feet dedicated to industrial use. The site is strategically located at the intersection of U.S. Route 25 and Bethuel Church Road, making it easily accessible for transportation and logistics.

Design Features

The buildings at Magnolia Grove will utilize shallow-bay construction that employs tilt-wall concrete, a method known for its durability and energy efficiency. Each building is designed to accommodate 24-foot clear heights, which allows for optimal storage and operational space. Furthermore, a 200-foot asphalt truck court will be incorporated into the design, facilitating the movement and loading of goods.

Strategic Location

The development’s location is ideal, positioned within three miles of the I-85 and I-185 highways, providing convenient access to major transport routes. This proximity is crucial for businesses that depend on quick transportation of goods and services, further enhancing the attractiveness of Magnolia Grove to potential tenants and investors.

Project Management and Timeline

Patterson Real Estate Advisory Group has been tasked with overseeing the arrangement and development of this exciting project. However, details regarding the timeline for construction have yet to be released. Stakeholders and interested parties will be eagerly awaiting further announcements as the project progresses.

Economic Impact

The development of Magnolia Grove is expected to generate numerous jobs and foster economic growth in Greenville. By attracting companies in the industrial sector, the project aims to create a ripple effect that will benefit local businesses and provide new opportunities for the community.

Conclusion

As Appian Investments and Harbert Management Corp. move forward with Magnolia Grove, the industrial complex stands to significantly bolster the economic landscape of Greenville, S.C. With state-of-the-art facilities, an advantageous location, and strong investment backing, Magnolia Grove is poised to be a landmark project that will enhance the region’s industrial capabilities.

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Additional Resources

• Rebusiness Online: Appian Investments Secures Construction Financing
• Wikipedia: Industrial Development
• WITN: Pitt County Commissioners and Greenville Council Joint Meeting
• Google Search: Greenville Industrial Development
• Greenville Business Magazine: The Business Narrative
• Encyclopedia Britannica: Economic Development
• Greenville Journal: 2024 Rewind Business and Development
• Google News: Greenville Business Development