Real Estate News
--> South Carolina News
CRG, Gramercy Deliver SC Pharmaceutical Warehouse
Clayco Inc., a full-service real estate development ... as well as build-to-suit projects like the Bausch+Lomb facility in South Carolina. Headquartered in St. Louis, the CRG team has delivered more than 160 million square feet of commercial, industrial ...
Bausch+Lomb’s Class A pharmaceutical warehouse in Greenville, S.C.
Bausch+Lomb has moved into its new 432,000-square-foot build-to-suit, Class A warehouse in Greenville, S.C., about eight months after construction began on the project developed by CRG and Gramercy Property Trust.
This is the first phase of the development for the Valeant Pharmaceuticals Inc.-owned company that focuses on manufacturing eye care productsThe second phase will allow Bausch+Lomb to expand operations by an additional 432,000 square feet.
“This development is important to Bausch+Lomb’s already established operations in the area and represents significant growth in the region,” CRG President Chris McKee said in a prepared statement.
CRG’s build-to-suit for Bausch + Lomb in Greenville, S.Cis completeThe company, took occupancy in October.
Bausch+Lomb already has a manufacturing facility four miles from the new site, which is also close to Interstate-85 and Interstate-385The eye care product manufacturer isn’t the only company operating in the regionMichelin North America is currently expanding operations at its Greenville location and BMW US Manufacturing has a plant located in nearby Greer, S.C.
CRG, in partnership with Gramercy Property Trust, began construction of the Bausch+Lomb warehouse in MarchThe Class A facility includes a 38-foot clear-height, temperature-controlled warehouse, ESFR sprinkler system, 42 loading docks, one drive-in door, an expansion pad adjacent to the building, 101 trailer spaces and 94 auto spaces.
Clayco Inc., a full-service real estate development, architecture and engineering firm, served as the design builder on the project and its subsidiary, Forum Studio, was the architect.
Focus on industrial assets
CRG, Clayco’s private real estate investment group, has other projects in the Southeast, including a 1 million-square-foot industrial building in a 311-acre business park development in the Atlanta suburb of Locust Grove, Ga., that is expected to be completed in early 2018Larry Chapman, CRG Partner, told Commercial Property Executive in May that the company had been focusing on the industrial portion of its company for nearly two yearsThat had resulted in speculative developments, as well as build-to-suit projects like the Bausch+Lomb facility in South CarolinaHeadquartered in StLouis, the CRG team has delivered more than 160 million square feet of commercial, industrial and multifamily assets exceeding $9 billion in value.
Gramercy Property Trust, a New York-based global investor and commercial real estate asset manager, has also been repositioning its portfolio to include more industrial assets in recent yearsIn August, the REIT launched a joint venture to acquire, own and manage newly constructed e-commerce distribution facilities and entered into an agreement to acquire a 41-property, 7.8 million-square-foot warehouse portfolio for $479 million.
Images courtesy of CRG
CRG Real Estate Solutions
Gramercy Property Trust
McCraney to Build 610 KSF Spec Building near Charlotte Airport
20 December 2017 15:04
New Manufacturing Facility Opens in Burnet, TX
20 December 2017 14:21
JLL Arranges $65M Construction Loan for Houston Logistics Center
19 December 2017 17:06
Apple Manufacturing Fund Awards $390M in Texas
19 December 2017 10:27
Meritex Expands Charlotte Industrial Presence
07 December 2017 16:26
" class="chosen chosen-select linked-chosen" tabindex="2">
Salt Lake City
Subscribe to CPE
News by City
Salt Lake City
Connect with CPE
Trending South Carolina News:
The Bellamy Team of Century 21 Thomas Named to the 2017 REAL Trends America’s Best Real Estate Teams
Salem, SC Homes For Sale & Real Estate
SC tax bite 8th lowest in US
M. Golf. McDonald Names Former Gamecock Hamilton Assistant Coach
Trump is embodiment of why inequality matters
South Carolina man admits to killing 7; gets life sentence
How a diverse band of locals won a SC county’s biggest environmental battle
1991 Wofford grad, anthropologist speaks at 2016 graduation
Hilton Head Island, SC Homes For Sale & Real Estate
Todd Kohlhepp: South Carolina realtor accused in kidnapping, killings
Granite Real Estate: This Canadian REIT Has A Strong 5% Dividend Yield, But Barbarians Are At The Gate
Haley Announces Fundraisers for Potential Campaign
IN THE COURT OF COMMON PLEAS F...
South Carolina Democrat Slams GOP Opponent's Support For Social Security Cuts
Myrtle Beach, Conway make list of top places to retire in SC
Former Chik-fil-A employee accused of robbing KFC
Six Upstate residents plead guilty in $33 million illegal cigarette ring
Aiken businessman, private school's accounts ordered frozen
Videos Show Todd Kohlhepp, South Carolina Serial Killer's Confessions, Rescue Of Rape Victim
Charleston keeps its tall ship Spirit