SunCap Lands 237 KSF Industrial Asset in SC

The deal marks the company’s third project in the Greater Greenville area since its inception in 2009. Forrester Park, located at 201 Forrester Drive, is currently fully leased.

The Forrester Park in Greenville, S.C.
The Forrester Park in Greenville, S.C.

SunCap Property Group has acquired Forrester Park, a 236,800-square-foot business distribution and light manufacturing center in Greenville, S.C. Colliers International’s local office will be in charge of the property’s leasing and management.

Located at 201 Forrester Drive, Forrester Park is near the intersection of Laurens Road, Highway 276 and Forrester Drive. The site is adjacent to the Millennium Park and the Clemson University International Center for Automotive Research. Interstate 85 is less than a mile from the property. Currently, the park is entirely occupied by several tenants, including Gexpro Services, Safelite Auto Glass, Woodward, Trust Technologies and Aerodyne Alloys.

The acquisition marks SunCap’s third project in the Greenville-Spartanburg market, since the company’s inception nine years ago. In 2015, SunCap developed a FedEx Ground distribution facility in Spartanburg, S.C. Last year, SunCap completed an automotive manufacturing facility for Magna Seating in Moore, S.C., which the company later sold to a private investor for $18.5 million.

Image courtesy of SunCap Property Group