Phase one of the Mid85 industrial park. Rendering by McMillan Pazdan Smith, courtesy of Frampton Construction Co.
Construction firm Frampton Construction Co. and developer Greystar Real Estate Partners have broken ground on the first phase of the Mid85 industrial park in Spartanburg, S.C. The 2 million-square-foot property will be developed in two phases.
The first phase of the project will consist of two speculative warehouse facilities, covering a combined area of 1.2 million square feet. The buildings will incorporate tilt-up concrete wall panels and structural steel frames.
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Building one will measure 277,648 square feet, featuring a rear-load layout, 32-foot clear heights, 58 dock doors and 78 trailer parking spots. Building two will total 917,694 square feet, showcasing a cross-dock layout, 40-foot clear heights, 88 dock doors and 201 parking spaces.
McMillan Pazdan Smith is the designer of the facilities, while SeamonWhiteside is the civil engineer and WGPM Inc. the structural engineer. JLL will oversee leasing activity at the industrial park. Construction is scheduled for completion in October 2024.
Situated in close proximity to Interstate 85, Mid85 offers excellent connectivity to key transportation hubs including Inland Port Greer, Greenville-Spartanburg International Airport and the interchange of Interstates 85 and 26.
An industrial hotspot
Earlier this year, Frampton Construction Co. completed Upstate Trade Center in Greenville, S.C. The 907,400-square-foot speculative industrial campus was developed in a partnership with The Keith Corp.
According to latest CommercialEdge report, a total of 616.4 million square feet of industrial space were underway across the U.S. as of April, representing 3.4 percent of the overall national stock. Additionally, the same source reveals that an extra 721.9 million square feet were in the planning stages.
The South has emerged as an attractive market for industrial development due to its robust population growth, vibrant workforce and ample availability of developable land.
Although the volume of space being constructed remains considerable, there has been a noticeable deceleration in new project starts, according to the same report. By the end of April, developers had initiated construction on only 86.8 million square feet of industrial space on a national level.
