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CRG continues Greenville-Spartanburg push, begins sitework on new ±2.35-million-SF Cubes project

Header image for The Cubes at Fort Prince Press Release

Greenville-Spartanburg, SC- With more than 2.7 million square feet completed and successfully leased in the Greenville-Spartanburg market, developer CRG has set its sights on a new industrial development park in Spartanburg County, The Cubes at Fort Prince. The park, located at 1460 Fort Prince Boulevard in Spartanburg, consists of multiple proposed speculative buildings which together represent ±2.35 million square feet of industrial construction potential. CRG purchased the ±186-acre site on the up-and-coming Fort Prince industrial corridor in August and has already begun initial site work for Phase I of Building A (±500,940 square feet expandable to ±1.5 million square feet).

The Colliers team of Garrett Scott, John Montgomery and Brockton Hall have been the exclusive brokerage and advisory partner of CRG for more than five years and have advised the company through planning, development and leasing of one of the largest industrial parks in the Upstate, 2.7-million-square-foot The Cubes at Inland 85. The Colliers team will continue working with CRG to plan, market and lease the Cubes at Fort Prince.

Master planning shows three proposed structures at The Cubes at Fort Prince: ±1.5-million-square-foot Building A (to be completed in two phases), ±500,400-square-foot Building B and ±345,600-square-foot Building C. The buildings will feature enhanced specifications important for modern industrial users including 40-foot clear heights, cross-dock orientation, on-site trailer parking and spec office to accommodate speed-to-market occupancy requirements.

Initial site work is expected to conclude on Phase I of Building A at the end of 2021 and construction schedules show the first ±500,940 square feet dried-in and move-in ready by Q2 2022 with the option to expand based on tenant need.

“Our plan is to be at the forefront of the newest wave of speculative development in Spartanburg,” said CRG Executive Vice President and Partner Mike Demperio. “We’ve seen incredible success with the Cubes industrial concept in the Upstate at the Inland 85 location and feel like the iron is hot in terms of rolling out more product to a market that is gaining a lot of traction and attention from large industrial users across the Southeast. Our planning and development process with the Colliers team allows us to be agile in adapting to what the market and tenants need at time of delivery. This approach, along with strategic locational decisions, make the Cubes an incredibly attractive option for larger institutional companies with predetermined requirements on an accelerated timeline.”

CRG’s popular “Cubes” series is a speculative development brand wherein each building must adhere to a set of standards including environmental responsibility, access to major transportation, state-of-the-art design and construction, 3D conceptualization, zero tolerance safety programs, modern truck docking, ample trailer storage and workforce availability.

The developer currently holds several land positions near the Inland Port for future speculative and build-to-suit projects including The Cubes at Inland Woods, a ±467,200-square-foot spec industrial building on Woods Chapel Road in Greer expected to break ground late 2021 and deliver late 2022.


Related Experts

Garrett Scott

Vice President

Spartanburg

As a Vice President of Colliers International in the Spartanburg office, Garrett Scott specializes in leasing, sales and development advisory services for industrial properties across the Greenville-Spartanburg market.

 

Along with his experience in both brokerage and development, Scott works with teammates and industrial professionals John Montgomery and Brockton Hall to provide clients a unique perspective for their real estate decisions.

 

Scott’s focus is not just on the transaction, nor on how real estate can save a client money, but how it can make them money by capitalizing on the operational advantages which a building and location can offer. This provides a clearer path to what is truly important in a locational decision.

 

With experience in both brokerage and development with a proven track record of providing innovative solutions to meet corporate objectives, Scott offers an advantage that clients seek out.

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John Montgomery

Vice President

Spartanburg

John Montgomery is a Vice President of Colliers International in the Spartanburg office. With his breadth of experience in master-planned communities, retail, residential, commercial and industrial development projects, along with teammates Garrett Scott and Brockton Hall, he guides clients through the development process from inception through lease-up. This team does so successfully not only in the Upstate of South Carolina, but across the Southeast as well.

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Brockton Hall

Vice President

Greenville

Brockton Hall is a Vice President with Colliers International in the Greenville and Spartanburg offices. He is a member of the Upstate industrial team along with long-time real estate professionals, Garrett Scott and John Montgomery. This team specializes in the needs of industrial landlords and occupiers throughout the Southeast. 

Hall comes from a commercial construction background with years of experience in the commercial sector working on projects including K-12, office and institutional. He also has significant renovation and retrofitting experience. His construction background allows him to assist occupiers with their building specifications and advise them during the build-to-suit and new construction process. For developers and investors, he is well-equipped to advise on construction-related issues involved in tenant upfits, value-add projects and new development.

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