Business

2 new warehouses under construction at Bailes Ridge corporate park

Site work and grading underway at Bailes Ridge Corporate Park.
Site work and grading underway at Bailes Ridge Corporate Park.

loveA developer is constructing two new flex warehouse buildings in Lancaster County, south of Ballantyne, that will total 110,000 square feet of new space.

Atlanta-based REO Asset Strategies recently bought 10.6 acres at Bailes Ridge Corporate Park, fronting Old Bailes Road just off S.C. 160. The space is being built on a speculative basis, without a tenant in advance.

“We think the Fort Mill and Indian Land area, with its rapid growth, proximity to Charlotte, and pro-business attitude – but with a respect for the environment – is an incredible location,” said Garrett Backman, principal at REO.

MPV Properties is a joint venture partner in the development of Bailes Ridge corporate park, and MPV broker Mike Bilodeau represented the owner.

George Linville of Linville Real Estate Services represented the buyer and will lease and market the new buildings, where bay sizes will start at 2,340 square feet.

“The growth of Ballantyne, the northern neck of Lancaster County, and the Fort Mill area, has left a void of smaller flex space in the market,” said Lineville. “This project will fill that void for quality office/warehouse space at a competitive price.”

Ely Portillo: 704-358-5041, @ESPortillo

  Comments