DALLAS, Aug. 28, 2024 /PRNewswire/ — Provident Commercial, a category of the Dallas-based advancement company Provident, has effectively bought Development 1 of Augusta Grove Logistics Terrain, positioned at 1032 Bracken Street in Piedmont, South Carolina.

Augusta Grove Logistics Terrain is within the Greenville-Spartanburg business marketplace, with simple get admission to to the I-85 logistics hall and I-185, Greenville’s perimeter freeway.

Development 1 used to be advanced as a Manufacture-to-Go well with facility for Haier, a GE Home equipment corporate that produces house home equipment equivalent to fridges, cleansing machines, and breeze conditioners. The ability will grant as a hub for warehousing and distribution of goods from Haier’s production websites in Alabama, Georgia, Kentucky, South Carolina, and Tennessee, in addition to imported items from the Port of Charleston.

The soil’s proximity to the Greer Inland Port rail form performed a vital position in Haier’s facility location choice. Moreover, the power is 130 miles from GE Home equipment’ unutilized aqua warmer production plant in Camden, South Carolina, which helps Haier’s expansion within the Greenville section.

Development 1 is a 584,820-square-foot cross-dock logistics facility. Built with concrete tilt-wall, the development includes a 36-foot unclouded peak, LED lighting fixtures, and a contemporary glass storefront. It contains 123 dock-high doorways, 2 ramped drive-in doorways, and 54-foot by way of 50-foot column spacing with 60-foot velocity bays. Provident’s Case Van Lare, Managing Director, and Hunter Graham, Director of Southeast Commercial Building & Acquisitions, led the venture with Cooper Building serving as the overall contractor.

Augusta Grove Logistics Terrain used to be advanced via a three way partnership, together with CrossFirst Deposit, TPA Team and Sweetwater Capital. Reflecting at the a success partnership, Hunter Graham of Provident said, “This project’s success is a testament to the continued demand for institutional quality assets strategically located in the Southeast.”

Provident has considerably expanded its business portfolio, with 7.9 million sq. ft lately beneath development or in pre-development throughout Texas, Arizona, and the Carolinas.

About Provident

Provident is a privately held actual property and funding company with over 3 many years of good fortune throughout more than one marketplace cycles pushed by way of foresight, revel in, and flexibility to converting markets. Provident specializes in handing over outstanding risk-adjusted returns to investor companions via advancement of opportunistic and value-add methods. Since its creation in 1991, Provident has advanced or invested in over $5.9 billion in actual property initiatives national. For more info, please talk over with www.providentrealty.net.

CONTACT: Hunter Graham, [email protected]

SOURCE Provident Realty Advisors, Inc.