Hunt Midwest Kicks Off 2 MSF Industrial Park in South Carolina

Evergreen Logistics Park. Image courtesy of Hunt Midwest

Hunt Midwest has broken ground on the first building at Evergreen Logistics Park, a 2 million-square-foot industrial complex planned for Anderson, S.C.

The 258,800-square-foot spec facility, located roughly 20 miles southwest of Greenville, S.C., will offer state-of-the-art space designed to accommodate the needs of manufacturing or distribution operations.

Evergreen Logistics will have a home in the Anderson County Industrial Corridor on a 200-acre site at 1105 Scotts Bridge Road, just a stone’s throw from Interstate 85 and the easy access the thoroughfare provides to leading Southeastern population centers.

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Hunt Midwest acquired the sprawling patch of land for the project in a transaction valued at just over $4.6 million in late 2021, according to Anderson County property records. Conceived to appeal to a variety of users, Evergreen Logistics will ultimately offer build-to-suit opportunities ranging from 75,000 square feet to 1 million square feet.

The park’s first building will have all the bells and whistles seen in today’s cutting-edge logistics developments. The cross-dock facility will feature tilt-wall construction with 36-foot clear heights, 60-foot speed bays at docks, 26 dock doors that will be expandable to 57, an ESFR sprinkler system, motion sensor LED lights and build-to-suit office space. Additional property amenities will include 186-foot-deep truck courts, as well as ample trailer and car parking stalls.

Hunt Midwest tapped LS3P to spearhead the design responsibilities for Evergreen Logistics. Evans General Contractors is aboard the project as general contractor.

A dearth in the market

The Greenville-Spartanburg economy is faring quite well and with a below-average unemployment rate and thousands of new jobs added to the market, the area is high on the radar of companies interested in establishing or expanding operations, leaving the industrial real estate sector quite burdened.

In the first quarter of 2022, Metropolitan Greenville’s available supply of existing industrial options reached a historical low as the overall vacancy rate plummeted to just 2.4 percent, according to a report by Cushman & Wakefield. The overall vacancy rate in Anderson County was a mere 1.6 percent.

“Tenants seeking readily available space must be prepared to move swiftly or target a project within the construction pipeline,” according to the Cushman & Wakefield report. “Along with leasing activity trending upwards over the last five years, the average deal size and deal term have increased considerably with larger corporations selecting the Greenville/Spartanburg market as a manufacturing and logistics hub for the region.”

Hunt Midwest made its debut in the high-demand Greenberg-Spartanburg market early this year with the commencement of construction of Fort Prince Logistics Center, an approximately 476,300-square-foot speculative industrial project in Wellford, S.C. With Evergreen Logistics also underway, the company is planning additional development in the area.

The first building at Evergreen Logistics is on track to reach completion in the fourth quarter of 2022. CBRE is handling leasing for the project.